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Closing Bell: Market falls into red ahead of MPC announcement

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January 28, 2020 (MLN): The KSE-100 index continued its descending path as it went on to lose a further 240 points in today’s session, and ultimately settled at 42,299-level amid mixed market expectations in monetary policy statement which is going to be announced today.

State Bank is largely expected to keep the policy rate unchanged at 13.25% as the inflationary pressure continues to rise.

The Index remained negative throughout the session touching an intraday low of 42,152.43

Of the 95 traded companies in the KSE100 Index 31 closed up 62 closed down, while 2 remained unchanged. Total volume traded for the index was 137.16 million shares.

Sector wise, the index was let down by Commercial Banks with 103 points, Oil & Gas Exploration Companies with 51 points, Fertilizer with 42 points, Inv. Banks / Inv. Cos. / Securities Cos. with 20 points and Textile Composite with 11 points.

The most points taken off the index was by HBL which stripped the index of 34 points followed by MCB with 26 points, PPL with 22 points, DAWH with 19 points and ENGRO with 18 points.

Sectors propping up the index were Chemical with 23 points, Automobile Assembler with 16 points, Engineering with 3 points, Sugar & Allied Industries with 2 points and Miscellaneous with 2 points.

The most points added to the index was by ICI which contributed 11 points followed by EPCL with 9 points, INDU with 8 points, ATLH with 5 points and HCAR with 5 points.

All Share Volume decreased by 9.48 Million to 189.00 Million Shares. Market Cap decreased by Rs.31.53 Billion.

Total companies traded were 356 compared to 350 from the previous session. Of the scrips traded 130 closed up, 206 closed down while 20 remained unchanged.

Total trades decreased by 1,613 to 70,222.

Value Traded increased by 0.15 Billion to Rs.6.72 Billion

Company Volume

Top Ten by Volume

Maple Leaf Cement Factory 29,705,000
Hascol Petroleum 25,378,500
Unity Foods 9,870,500
D.G. Khan Cement Company 7,014,500
Cherat Cement Company 6,956,000
K-Electric 6,534,000
Fauji Foods 6,370,500
Fauji Cement Company 6,095,000
Power Cement 5,980,000
The Bank of Punjab 4,991,000


Sector Volume

Top Sector by Volume

Cement 60,967,600
Oil & Gas Marketing Companies 27,656,100
Commercial Banks 12,423,500
Technology & Communication 10,579,900
Vanaspati & Allied Industries 9,872,100
Power Generation & Distribution 9,662,000
Food & Personal Care Products 7,265,510
Fertilizer 7,047,200
Miscellaneous 6,440,200
Transport 5,704,500



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Posted on: 2020-01-28T17:12:00+05:00