Jul 03, 2019 (MNL): Given that Pakistan has done its best to comply with IMF's pre-requisite conditions, the Fund is expected to finally approve the bailout package of $6 billion in a meeting scheduled to take place later today. Expectations regarding the positive response from the IMF Executive Board served as a source of solace for the local equity market as it fueled the positive sentiment amongst investors.
Consequently, the benchmark index continued its winning streak with gain of 589.44 points or 1.72 percent to close at 34,896.55.
The Index remained positive throughout the session touching an intraday high of 34,937.63 points.
Of the 89 traded companies in the KSE100 Index 72 closed up 15 closed down, while 2 remained unchanged. Total volume traded for the index was 99.35 million shares.
Sectors propping up the index were Commercial Banks with 135 points, Fertilizer with 129 points, Oil & Gas Exploration Companies with 81 points, Cement with 75 points and Oil & Gas Marketing Companies with 48 points.
The most points added to the index was by FFC which contributed 69 points followed by PPL with 48 points, HBL with 45 points, OGDC with 41 points and MCB with 37 points.
Sector wise, the index was let down by Paper & Board with 2 points, Leather & Tanneries with 1 points and Textile Spinning with 1 points.
The most points taken off the index was by POL which stripped the index of 7 points followed by HMB with 4 points, ICI with 3 points, SYS with 3 points and KEL with 2 points.
All Share Volume increased by 39.27 Million to 130.43 Million Shares. Market Cap increased by Rs.95.54 Billion.
Total companies traded were 333 compared to 307 from the previous session. Of the scrips traded 239 closed up, 81 closed down while 13 remained unchanged.
Total trades increased by 15,664 to 51,256.
Value Traded increased by 1.73 Billion to Rs.4.82 Billion
| Company | Volume |
|---|---|
| Lotte Chemical Pakistan | 11,690,500 |
| TRG Pakistan | 7,962,500 |
| Unity Foods | 7,377,000 |
| The Bank of Punjab | 5,113,500 |
| Maple Leaf Cement Factory | 5,089,000 |
| Engro Polymer & Chemicals | 5,047,000 |
| Fauji Cement Company | 4,758,000 |
| Pakistan International Bulk Terminal | 4,246,000 |
| K-Electric | 4,109,500 |
| Amreli Steels | 3,759,000 |
| Sector | Volume |
|---|---|
| Chemical | 23,220,150 |
| Cement | 19,129,100 |
| Technology & Communication | 11,869,000 |
| Oil & Gas Marketing Companies | 10,713,300 |
| Engineering | 10,269,700 |
| Commercial Banks | 9,496,700 |
| Vanaspati & Allied Industries | 7,377,500 |
| Power Generation & Distribution | 5,584,500 |
| Transport | 5,302,700 |
| Food & Personal Care Products | 3,587,470 |
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