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Closing Bell: Nightmares & Dreamscapes

Oct 15, 2020 (MNL): The KSE-100 Index concluded the session on a flat note by losing only 75.79 points on Thursday and closed at 40,068.50-mark.

The stock market opened positive and maintained the momentum of the rally seen in the late hours of the previous day. It went up more than 380 points in intraday trading as investors cherished the news that G-20 has extended debt relief for developing countries by another six months, said Aba Ali Habib Securities.

However, it failed to sustain gains in late hours as investors sentiments were impacted by selling pressure in global equities along with the concerns over FATF review.

During the session, Engro Polymer (EPCL) and Sui Northern Gas Pipelines Limited (SNGPL) announced their financial results wherein EPCL reported a 25% YoY fall in earnings to stand at Rs 2.10 billion during 9MCY20. While the latter witnessed a 26.10% YoY decrease in net profits for the nine months ended March 31, 2020, to Rs 5.77 billion, compared to the profits of Rs 7.81 billion of the same period last year.

The Index traded in a range of 534.39 points or 1.33 percent of previous close, showing an intraday high of 40,533.55 and a low of 39,999.16.

Of the 97 traded companies in the KSE100 Index 41 closed up 54 closed down, while 2 remained unchanged. Total volume traded for the index was 211.93 million shares.

Sector wise, the index was let down by Cement with 27 points, Commercial Banks with 25 points, Oil & Gas Marketing Companies with 14 points, Technology & Communication with 14 points and Textile Composite with 14 points.

The most points taken off the index was by HBL which stripped the index of 34 points followed by TRG with 17 points, MCB with 14 points, KTML with 13 points and LUCK with 12 points.

Sectors propping up the index were Fertilizer with 27 points, Chemical with 22 points, Food & Personal Care Products with 14 points, Transport with 6 points and Engineering with 6 points.

The most points added to the index was by EPCL which contributed 23 points followed by BAFL with 11 points, NESTLE with 10 points, FFBL with 10 points and FATIMA with 8 points.

All Share Volume increased by 91.99 Million to 324.79 Million Shares. Market Cap decreased by Rs.5.18 Billion.

Total companies traded were 434 compared to 408 from the previous session. Of the scrips traded 199 closed up, 216 closed down while 19 remained unchanged.

Total trades increased by 24,071 to 115,003.

Value Traded increased by 2.48 Billion to Rs.11.02 Billion

Company Volume

Top Ten by Volume

Hascol Petroleum 30,635,869
Pakistan International Bulk Terminal 17,696,000
Unity Foods 17,469,000
Engro Polymer & Chemicals 14,687,500
Azgard Nine 12,859,000
TRG Pakistan 12,627,000
Interloop 11,854,500
Kot Addu Power Company 11,762,500
Dewan Cement 10,327,500
Pak Elektron 10,314,000


Sector Volume

Top Sector by Volume

Cement 37,400,941
Oil & Gas Marketing Companies 34,213,009
Chemical 29,930,800
Textile Composite 28,383,150
Technology & Communication 22,983,300
Power Generation & Distribution 18,758,163
Transport 17,921,700
Vanaspati & Allied Industries 17,475,100
Engineering 14,897,700
Fertilizer 14,589,954



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Posted on: 2020-10-15T17:32:00+05:00


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