November 12, 2020 (MLN): The capital markets remained under selling pressure throughout the day as a spike in COVID-19 cases prompted a new lockdown, creating fear among investors.
The KSE-100 concluded the session on a negative note by losing 632 points today and closed at 40,564-level, snapping three-day winning streak. This was 1.54% lower compared to the previous closing.
Furthermore, market appetite softened as optimism surrounding a potential coronavirus vaccine faded, resulting in investors’ adoption of a cautious approach at the current level, as per market closing note by Aba Ali Habib Securities.
The Index traded in a range of 715.13 points or 1.74 percent of the previous close, showing an intraday high of 41,207.28 and a low of 40,492.15.
Of the 96 traded companies in the KSE100 Index 11 closed up 83 closed down, while 2 remained unchanged. Total volume traded for the index was 167.11 million shares.
Sector wise, the index was let down by Commercial Banks with 134 points, Oil & Gas Exploration Companies with 117 points, Cement with 83 points, Oil & Gas Marketing Companies with 78 points and Power Generation & Distribution with 47 points.
The most points taken off the index was by HBL which stripped the index of 43 points followed by OGDC with 43 points, PPL with 41 points, HUBC with 38 points and UBL with 35 points.
Sectors propping up the index were Glass & Ceramics with 3 points, Leasing Companies with 1 points and Close – End Mutual Fund with 1 points.
The most points added to the index was by SYS which contributed 31 points followed by ATLH with 5 points, GHGL with 3 points, MUREB with 2 points and BAFL with 1 point.
All Share Volume increased by 84.01 Million to 328.30 Million Shares. Market Cap decreased by Rs.110.52 Billion.
Total companies traded were 400 compared to 401 from the previous session. Of the scrips traded 80 closed up, 308 closed down while 12 remained unchanged.
Total trades increased by 28,451 to 113,567.
Value Traded increased by 2.67 Billion to Rs.11.32 Billion
| Company | Volume |
|---|---|
| Unity Foods | 29,691,500 |
| Soneri Bank | 22,540,000 |
| TRG Pakistan | 19,627,500 |
| Maple Leaf Cement Factory | 18,394,276 |
| Al Shaheer Corporation | 17,488,500 |
| Pakistan Refinery | 15,125,500 |
| BankIslami Pakistan | 14,572,000 |
| Fauji Foods | 12,774,500 |
| Power Cement | 11,920,500 |
| Hascol Petroleum | 10,356,275 |
| Sector | Volume |
|---|---|
| Commercial Banks | 48,929,189 |
| Cement | 38,613,524 |
| Technology & Communication | 32,481,200 |
| Food & Personal Care Products | 31,407,290 |
| Vanaspati & Allied Industries | 29,754,800 |
| Refinery | 22,117,300 |
| Oil & Gas Marketing Companies | 21,719,432 |
| Engineering | 17,757,400 |
| Power Generation & Distribution | 14,904,725 |
| Fertilizer | 9,890,077 |
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