Closing Bell: Making up for lost time?

October 21, 2020 (MLN): The KSE-100 index ended the trading session on Wednesday with a 579.34 point or 1.41 percent gain to close at 41,535 points.

The Index remained positive throughout the session wherein it touched an intraday high of 41,611, owing to the latest trade numbers released by the State Bank, which showed a Current Account Surplus of $73 million for the month of September. This brought the total surplus for 1QFY21 to $792 million as compared to a deficit of $1,492 million recorded during the same time last year.

Besides that, the market was driven by the announcement of the financial results by various companies, some of which are listed below:

  • Allied Bank Limited’s earnings for the nine months ended September 2020 clocked in at Rs 12.6 billion as compared to the earnings of Rs 9.6 billion reported in the corresponding period last year, depicting a growth of 31%.
  • Bank Al Habib Limited reported earnings of Rs. 13.2 billion (EPS: 11.91) for the nine months ended September 30, 2020, i.e. around 89% higher than the figures recorded in the same period last year.
  • Engro Fertilizers Limited reported a 9% increase in net profits to Rs 11.49 billion for the nine months period ended September 2020, as compared to the profits of Rs 10.5 billion earned in the corresponding period last year.
  • Bank Alfalah Limited announced a profit after tax of Rs 8.66 billion (EPS: Rs 4.87) for the nine months ended September 30, 2020, i.e. around 9 % lower than net profits of Rs 9.48 billion (EPS: Rs 5.35) reported in the corresponding period last year.
  • Attock Cement Pakistan Limited earned profits of Rs. 691.7 million for the quarter ended September 30, 2020, i.e. around 64% higher as compared to the earnings of the same period last year.
  • Aisha Steels Limited posted net profits of Rs 660.2 million for the quarter ended on September 30, 2020 against the net loss of Rs 203.9 million incurred in the same quarter last year.

Of the 99 traded companies in the KSE100 Index 74 closed up 24 closed down, while 1 remained unchanged. Total volume traded for the index was 398.48 million shares.

Sectors propping up the index were Commercial Banks with 185 points, Fertilizer with 116 points, Technology & Communication with 53 points, Power Generation & Distribution with 32 points and Oil & Gas Exploration Companies with 22 points.

The most points added to the index was by BAHL which contributed 77 points followed by ENGRO with 46 points, EFERT with 43 points, HUBC with 34 points and SYS with 26 points.

Sector wise, the index was let down by Oil & Gas Marketing Companies with 7 points, Synthetic & Rayon with 2 points and Leather & Tanneries with 1 points.

The most points taken off the index was by ABOT which stripped the index of 9 points followed by POL with 7 points, PSO with 7 points, KEL with 4 points and LOTCHEM with 3 points.

All Share Volume increased by 168.60 Million to 661.28 Million Shares. Market Cap increased by Rs.95.38 Billion.

Total companies traded were 424 compared to 416 from the previous session. Of the scrips traded 286 closed up, 122 closed down while 16 remained unchanged.

Total trades increased by 33,645 to 189,271.

Value Traded increased by 5.46 Billion to Rs.21.87 Billion

CompanyVolume

Top Ten by Volume

Unity Foods64,481,500
Pakistan International Bulk Terminal64,000,500
Hascol Petroleum47,263,150
Pakistan Refinery39,487,500
Aisha Steel Mills37,731,500
Fauji Foods26,587,000
TRG Pakistan25,967,000
Byco Petroleum Pakistan23,460,500
Engro Fertilizers18,507,868
BankIslami Pakistan17,698,500

 

SectorVolume

Top Sector by Volume

Refinery71,442,100
Transport64,578,700
Vanaspati & Allied Industries64,495,700
Commercial Banks56,357,386
Oil & Gas Marketing Companies52,583,007
Technology & Communication48,672,100
Engineering48,605,400
Food & Personal Care Products46,818,850
Cement46,471,200
Fertilizer27,614,504

 

 

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Posted on: 2020-10-21T17:32:00+05:00

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