November 25, 2019(MLN): The KSE-100 index continued its momentum recording gain of 0.76% or 286 points to close at 38,212 level.
The positive sentiments prevailed in the market as SBP kept the policy rate unchanged at 13.25%, which was consistent with the market expectation. Moreover, investors expected that the rate reversal cycle may be announced early CY20.
Buying activity was observed in Cement sector on the back of expectation of posting healthy dispatches, as per Arif Habib Limited.
The Index traded in a range of 448.75 points or 1.18 per cent of the previous close, showing an intraday high of 38,289.28 and a low of 37,840.53.
Of the 94 traded companies in the KSE100 Index, 69 closed up 22 closed down, while 3 remained unchanged. Total volume traded for the index was 167.02 million shares.
Sectors propping up the index were Commercial Banks with 116 points, Cement with 77 points, Fertilizer with 23 points, Pharmaceuticals with 20 points and Technology & Communication with 15 points.
The most points added to the index was by LUCK which contributed 47 points followed by MCB with 38 points, HBL with 27 points, UBL with 19 points and FFC with 18 points.
Sector-wise, the index was let down by Power Generation & Distribution with 18 points, Inv. Banks / Inv. Cos. / Securities Cos. with 13 points, Miscellaneous with 7 points, Oil & Gas Exploration Companies with 7 points and Glass & Ceramics with 3 points.
Due to the rumours about the discovery of Shale hydrocarbons, Oil & Gas Exploration sector let down the index by 7 points.
The most points taken off the index was by PPL which stripped the index of 26 points followed by HUBC with 18 points, DAWH with 14 points, SHFA with 7 points and THALL with 4 points.
All Share Volume decreased by 1.51 Million to 241.54 Million Shares. Market Cap increased by Rs.54.22 Billion.
Total companies traded were 386 compared to 374 from the previous session. Of the scrips traded 248 closed up, 115 closed down while 23 remained unchanged.
Total trades increased by 6,300 to 86,351.
Value Traded increased by 0.65 Billion to Rs.8.77 Billion
| Company | Volume |
|---|---|
| Pak Elektron | 19,079,000 |
| Unity Foods | 18,620,000 |
| TRG Pakistan | 15,007,000 |
| Fauji Foods | 13,320,500 |
| Pakistan Stock Exchange | 10,012,000 |
| Pakistan International Bulk Terminal | 8,919,000 |
| The Bank of Punjab | 8,547,000 |
| D.G. Khan Cement Company | 8,161,500 |
| Fauji Cement Company | 7,225,500 |
| Pioneer Cement | 6,603,000 |
| Sector | Volume |
|---|---|
| Cement | 33,074,900 |
| Technology & Communication | 23,728,500 |
| Food & Personal Care Products | 20,584,680 |
| Cable & Electrical Goods | 19,469,400 |
| Vanaspati & Allied Industries | 18,626,500 |
| Commercial Banks | 17,739,700 |
| Engineering | 17,367,200 |
| Inv. Banks / Inv. Cos. / Securities Cos. | 13,206,100 |
| Transport | 10,466,000 |
| Chemical | 8,698,512 |
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