June 23, 2020 (MLN): The upbeat momentum continued on the trading floor as the benchmark KSE-100 Index jumped by 314 points or 0.93% to close at 34,052-level in line with world markets, stimulated by a rebound in oil prices.
Cumulatively, the Index gained around 600 points in straight two-days trading.
According to the Aba Ali Habib closing note, investors’ sentiments improved on an account of the approval of foreign loans coupled with some debt rescheduling by donor nations to support the balance of payment position.
Moreover, another factor that drove investors’ sentiments is the rate of new virus cases which gradually eases in Pakistan, as per the research of Ismail Iqbal Securities.
The Index remained positive throughout the session touching an intraday high of 34,071.66
Of the 94 traded companies in the KSE100 Index 70 closed up 22 closed down, while 2 remained unchanged. Total volume traded for the index was 90.07 million shares.
Sectors propping up the index were Oil & Gas Exploration Companies with 68 points, Cement with 38 points, Oil & Gas Marketing Companies with 36 points, Power Generation & Distribution with 29 points and Commercial Banks with 27 points.
The most points added to the index was by OGDC which contributed 36 points followed by HUBC with 29 points, FFC with 22 points, TRG with 20 points and MEBL with 19 points.
Sector wise, the index was let down by Tobacco with 14 points, Automobile Parts & Accessories with 3 points, Leasing Companies with 1 points and Textile Spinning with 1 points.
The most points taken off the index was by ENGRO which stripped the index of 10 points followed by PAKT with 8 points, PMPK with 5 points, BAHL with 5 points and THALL with 5 points.
All Share Volume decreased by 0.66 Million to 160.63 Million Shares. Market Cap increased by Rs.41.00 Billion.
Total companies traded were 364 compared to 357 from the previous session. Of the scrips traded 235 closed up, 97 closed down while 32 remained unchanged.
Total trades decreased by 3,991 to 77,814.
Value Traded decreased by 0.52 Billion to Rs.5.62 Billion
Company | Volume |
---|---|
TRG Pakistan | 11,838,500 |
Unity Foods | 11,054,500 |
Maple Leaf Cement Factory | 6,982,000 |
Pak Elektron | 6,515,000 |
Hascol Petroleum | 5,476,000 |
Ghani Global Holdings | 5,408,000 |
Balochistan Glass | 3,581,500 |
Jahangir Siddiqui & Co. Ltd. | 3,504,500 |
Adamjee Insurance Company | 3,450,500 |
Ecopack | 3,435,000 |
Sector | Volume |
---|---|
Technology & Communication | 20,999,600 |
Cement | 15,589,287 |
Chemical | 14,222,410 |
Vanaspati & Allied Industries | 11,070,900 |
Oil & Gas Marketing Companies | 9,251,332 |
Commercial Banks | 9,216,286 |
Cable & Electrical Goods | 9,172,800 |
Miscellaneous | 7,252,400 |
Automobile Assembler | 5,923,870 |
Glass & Ceramics | 5,685,500 |
Copyright Mettis Link News
35398