October 22, 2019 (MLN): The KSE-100 index recovered around 114 points against previous session’s closing and concluded at 33,198-mark i.e. up by 0.35%. The index remained range bound as the lack of positive triggers kept investors on the sideline.
Political instability, concerns regarding government's ability to implement FATF action plan on fast track, and ongoing roll-over week for future contracts echoed today.
Meanwhile, investors gained some confidence after the State Bank of Pakistan released a report on the performance of banking sector, suggesting that the sector had shown resilience in the first half of current year. By virtue of this, the Commercial Banking sector gained around 37 points today.
Other than that, the announcement by Shanghai Electric Company to invest $4 billion in Pakistan resulted in positivity amongst investors. This led to the Power Generation sector gaining 19 points in today’s session.
The Index traded in a range of 281.47 points or 0.85 percent of previous close, showing an intraday high of 33,240.10 and a low of 32,958.63.
Of the 89 traded companies in the KSE100 Index 55 closed up 32 closed down, while 2 remained unchanged. Total volume traded for the index was 62.05 million shares.
Sectors propping up the index were Commercial Banks with 38 points, Power Generation & Distribution with 19 points, Oil & Gas Exploration Companies with 15 points, Food & Personal Care Products with 13 points and Oil & Gas Marketing Companies with 11 points.
The most points added to the index was by HBL which contributed 22 points followed by HUBC with 18 points, MCB with 15 points, NESTLE with 15 points and DAWH with 13 points.
Sector wise, the index was let down by Fertilizer with 10 points, Cement with 4 points, Insurance with 2 points, Automobile Assembler with 2 points and Textile Composite with 2 points.
The most points taken off the index was by ENGRO which stripped the index of 10 points followed by BAFL with 7 points, DGKC with 6 points, FFBL with 6 points and JLICL with 6 points.
All Share Volume decreased by 46.67 Million to a one month low of 83.61 Million Shares. Market Cap increased by Rs.29.55 Billion.
Total companies traded were 344 compared to 351 from the previous session. Of the scrips traded 188 closed up, 135 closed down while 21 remained unchanged.
Total trades decreased by 10,861 to 38,841.
Value Traded decreased by 1.77 Billion to Rs.3.19 Billion
| Company | Volume |
|---|---|
| Lotte Chemical Pakistan | 10,813,000 |
| TRG Pakistan | 4,128,500 |
| Fauji Fertilizer Bin Qasim | 3,352,500 |
| Hascol Petroleum | 2,853,500 |
| D.G. Khan Cement Company | 2,813,000 |
| K-Electric | 2,796,000 |
| Engro Fertilizers | 2,716,000 |
| The Bank of Punjab | 2,552,500 |
| Fauji Cement Company | 2,407,000 |
| Maple Leaf Cement Factory | 2,369,500 |
| Sector | Volume |
|---|---|
| Chemical | 13,622,050 |
| Cement | 11,034,200 |
| Technology & Communication | 7,599,500 |
| Fertilizer | 7,050,400 |
| Commercial Banks | 6,352,700 |
| Oil & Gas Marketing Companies | 5,128,400 |
| Engineering | 4,674,000 |
| Power Generation & Distribution | 4,344,000 |
| Food & Personal Care Products | 3,578,160 |
| Inv. Banks / Inv. Cos. / Securities Cos. | 2,930,000 |
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