Closing Bell: One over eight

July 7, 2020 (MNL): The KSE-100 index marked its eighth consecutive stay in the green district due to the rise in international stock markets, and ultimately closed at 35,373.35 level after gaining 170.58 points

According to Ismail Iqbal Securities, the market continued to be surrounded by positive sentiments on the back of drop in the cases of COVID-19 infections. Moreover, the increase in liquidity due to lower investment returns on fixed income assets also contributed to the upliftment of local equities.

The Index remained positive throughout the session touching an intraday high of 35,474.82

Of the 99 traded companies in the KSE100 Index 60 closed up 32 closed down, while 7 remained unchanged. Total volume traded for the index was 241.07 million shares.

Sectors propping up the index were Commercial Banks with 61 points, Automobile Assembler with 43 points, Cement with 41 points, Pharmaceuticals with 25 points and Oil & Gas Exploration Companies with 15 points.

The most points added to the index was by INDU which contributed 23 points followed by BAFL with 20 points, UBL with 15 points, HINOON with 12 points and AICL with 11 points.

Sector wise, the index was let down by Power Generation & Distribution with 24 points, Fertilizer with 17 points, Food & Personal Care Products with 9 points, Tobacco with 5 points and Engineering with 4 points.

The most points taken off the index was by HUBC which stripped the index of 24 points followed by ENGRO with 16 points, NESTLE with 10 points, TRG with 9 points and EFERT with 7 points.

All Share Volume increased by 1.64 Million to 333.89 Million Shares. Market Cap increased by Rs.29.53 Billion.

Total companies traded were 394 compared to 380 from the previous session. Of the scrips traded 207 closed up, 157 closed down while 30 remained unchanged.

Total trades increased by 10,866 to 127,034.

Value Traded increased by 1.04 Billion to Rs.12.21 Billion

CompanyVolume

Top Ten by Volume

Pak Elektron32,968,500
Hascol Petroleum31,521,000
Lotte Chemical Pakistan24,126,000
Pakistan International Bulk Terminal23,509,500
Maple Leaf Cement Factory19,875,500
TRG Pakistan18,473,500
Jahangir Siddiqui & Co. Ltd.15,845,500
Pioneer Cement7,141,000
Hum Network5,461,000
The Bank of Punjab5,315,000

 

SectorVolume

Top Sector by Volume

Cement46,730,717
Technology & Communication38,665,700
Cable & Electrical Goods36,392,500
Oil & Gas Marketing Companies36,205,012
Chemical32,850,583
Transport24,204,100
Commercial Banks22,219,201
Inv. Banks / Inv. Cos. / Securities Cos.19,263,300
Automobile Assembler11,206,900
Power Generation & Distribution10,732,678

 

 

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Posted on: 2020-07-07T18:16:00+05:00

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