November 20, 2020 (MLN): Bearish sentiments triumphed at the Pakistan Stock Exchange (PSX) on Friday, with the indices succumbing to selling pressure, amid lack of fresh triggers.
In addition to this, investors are also eyeing upon upcoming monetary policy on Monday where no change in policy rate is expected.
As a result, the KSE-100 concluded the session on a negative note by losing 353 points today and closed at 40,187-level. This was 0.87% lower compared to the previous closing.
Market remained positive during the first half of the trading session, however, a sell off was witnessed towards the end of the second session as investors panicked over growing number of COVID-19 cases within the country.
Other important events from today included the decision by Pakistan Qxygen Ltd to set-up most energy efficient Air Separation Unit worth Rs 6.3 billion. Moreover, Banklslami Pakistan Limited (BIPL) approved the final bid of AKD Securities Limited (AKD) for the acquisition of 77 million shares of BIPL Securities.
The Index traded in a range of 461.63 points or 1.14 percent of previous close, showing an intraday high of 40,595.33 and a low of 40,133.70.
Of the 94 traded companies in the KSE100 Index 22 closed up 70 closed down, while 2 remained unchanged. Total volume traded for the index was 125.38 million shares.
Sector wise, the index was let down by Commercial Banks with 91 points, Cement with 63 points, Inv. Banks / Inv. Cos. / Securities Cos. with 52 points, Technology & Communication with 38 points and Oil & Gas Marketing Companies with 30 points.
The most points taken off the index was by DAWH which stripped the index of 51 points followed by UBL with 29 points, LUCK with 26 points, TRG with 23 points and BAFL with 18 points.
Sectors propping up the index were Vanaspati & Allied Industries with 4 points, Tobacco with 4 points, Insurance with 4 points, Textile Composite with 2 points and Glass & Ceramics with 1 points.
The most points added to the index was by ILP which contributed 7 points followed by MTL with 5 points, UNITY with 4 points, NML with 4 points and PMPK with 4 points.
All Share Volume increased by 1.29 Million to 189.86 Million Shares. Market Cap decreased by Rs.41.55 Billion.
Total companies traded were 380 compared to 379 from the previous session. Of the scrips traded 107 closed up, 256 closed down while 17 remained unchanged.
Total trades decreased by 103 to 74,832.
Value Traded decreased by 0.52 Billion to Rs.7.58 Billion
| Company | Volume |
|---|---|
| Unity Foods | 39,722,500 |
| TRG Pakistan | 14,171,000 |
| Maple Leaf Cement Factory | 10,118,818 |
| Engro Polymer & Chemicals | 7,348,500 |
| Worldcall Telecom | 6,622,500 |
| Power Cement | 6,381,500 |
| Media Times | 5,838,500 |
| Soneri Bank | 5,212,000 |
| Engro Fertilizers | 3,752,441 |
| Hascol Petroleum | 3,703,074 |
| Sector | Volume |
|---|---|
| Vanaspati & Allied Industries | 39,764,200 |
| Technology & Communication | 33,863,400 |
| Cement | 21,157,376 |
| Commercial Banks | 17,828,627 |
| Chemical | 10,320,950 |
| Textile Composite | 8,235,200 |
| Oil & Gas Marketing Companies | 7,112,628 |
| Engineering | 5,993,200 |
| Fertilizer | 5,871,837 |
| Power Generation & Distribution | 5,782,282 |
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