November 11, 2020 (MLN): The capital markets remained range bound today as lack of fresh triggers, continued political uncertainty influenced investors to take a cautious trading approach. However, E&P sector on the back of increasing oil prices in international market and the continuous recovery of Pak rupee against dollar helped the index to conclude the session in green zone.
Consequently, the benchmark KSE-100 Index landed in green territory with a gain of 44 points or 0.1% increase to close at 41,197 level.
The Index traded in a range of 431.41 points or 1.05 percent of previous close, showing an intraday high of 41,331.44 and a low of 40,900.03.
Of the 96 traded companies in the KSE100 Index 34 closed up 59 closed down, while 3 remained unchanged. Total volume traded for the index was 129.69 million shares.
Sectors propping up the index were Oil & Gas Exploration Companies with 130 points, Commercial Banks with 35 points, Technology & Communication with 22 points, Inv. Banks / Inv. Cos. / Securities Cos. with 1 points and Close – End Mutual Fund with 1 points.
The most points added to the index was by OGDC which contributed 55 points followed by PPL with 37 points, HBL with 36 points, POL with 25 points and TRG with 16 points.
Sector wise, the index was let down by Cement with 62 points, Power Generation & Distribution with 11 points, Tobacco with 11 points, Pharmaceuticals with 10 points and Textile Composite with 10 points.
The most points taken off the index was by LUCK which stripped the index of 25 points followed by ENGRO with 17 points, MLCF with 9 points, CHCC with 8 points and KEL with 8 points.
All Share Volume decreased by 111.70 Million to 244.28 Million Shares. Market Cap decreased by Rs.3.50 Billion.
Total companies traded were 401 compared to 403 from the previous session. Of the scrips traded 133 closed up, 247 closed down while 21 remained unchanged.
Total trades decreased by 39,502 to 85,116.
Value Traded decreased by 6.50 Billion to Rs.8.65 Billion
| Company | Volume |
|---|---|
| BankIslami Pakistan | 31,519,000 |
| TRG Pakistan | 25,041,500 |
| K-Electric | 16,423,000 |
| Al Shaheer Corporation | 15,051,000 |
| Power Cement | 13,526,500 |
| Pakistan Refinery | 12,762,000 |
| Unity Foods | 12,665,000 |
| Maple Leaf Cement Factory | 10,634,735 |
| Hascol Petroleum | 9,017,984 |
| Oil & Gas Development Company | 5,111,900 |
| Sector | Volume |
|---|---|
| Commercial Banks | 42,628,060 |
| Technology & Communication | 32,001,200 |
| Cement | 30,198,593 |
| Power Generation & Distribution | 19,745,518 |
| Food & Personal Care Products | 19,295,210 |
| Refinery | 18,362,200 |
| Vanaspati & Allied Industries | 12,682,700 |
| Oil & Gas Marketing Companies | 10,338,345 |
| Oil & Gas Exploration Companies | 10,006,337 |
| Engineering | 7,925,000 |
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