November 19, 2020 (MLN): The capital markets witnessed a choppy session on Thursday, oscillating between the negative and positive territory.
During early market hours, the KSE-100 index surged more than 200 points as investors cherished encouraging economic data wherein Pakistan posted a current account surplus of USD 382 million in October 2020, taking the FY21 CA surplus to USD 1.16 billion.
However, gradually investors’ sentiments weakened amid worries that the recent surge in coronavirus cases throughout the country will halt nascent economic recovery despite the Covid-19 vaccine breakthrough optimism, as per the closing note by Aba Ali Securities.
Accordingly, the benchmark KSE-100 Index ended the session marginally in the green with a 26.03 point or 0.06 percent gain to close at 40,540.70.
The Index traded in a range of 317.13 points or 0.78 percent of the previous close, showing an intraday high of 40,746.01 and a low of 40,428.88.
Of the 94 traded companies in the KSE100 Index, 42 closed up 51 closed down, while 1 remained unchanged. The total volume traded for the index was 110.82 million shares.
Sectors propping up the index were Cement with 17 points, Technology & Communication with 16 points, Commercial Banks with 15 points, Chemical with 10 points and Textile Composite with 9 points.
The most points added to the index was by HBL which contributed 27 points followed by TRG with 21 points, LUCK with 17 points, UBL with 11 points and ILP with 8 points.
Sector-wise, the index was let down by Oil & Gas Exploration Companies with 16 points, Inv. Banks / Inv. Cos. / Securities Cos. with 15 points, Fertilizer with 6 points, Tobacco with 6 points and Automobile Parts & Accessories with 4 points.
The most points taken off the index was by BAHL which stripped the index of 22 points followed by DAWH with 15 points, PPL with 13 points, OGDC with 12 points and FFC with 7 points.
All Share Volume increased by 42.67 Million to 188.57 Million Shares. Market Cap increased by Rs.4.85 Billion.
Total companies traded were 379 compared to 377 from the previous session. Of the scrips traded 170 closed up, 188 closed down while 21 remained unchanged.
Total trades increased by 5,263 to 74,935.
Value Traded increased by 1.85 Billion to Rs.8.10 Billion
| Company | Volume |
|---|---|
| TRG Pakistan | 27,138,500 |
| Unity Foods | 17,812,500 |
| Faysal Bank | 9,117,000 |
| Aisha Steel Mills | 8,340,500 |
| NetSol Technologies | 7,630,000 |
| Maple Leaf Cement Factory | 7,008,189 |
| Soneri Bank | 7,003,500 |
| Worldcall Telecom | 5,558,500 |
| Avanceon | 5,088,500 |
| Pakistan Refinery | 4,392,500 |
| Sector | Volume |
|---|---|
| Technology & Communication | 47,931,900 |
| Commercial Banks | 28,000,388 |
| Vanaspati & Allied Industries | 17,816,800 |
| Cement | 15,690,554 |
| Engineering | 14,932,800 |
| Chemical | 7,874,850 |
| Refinery | 7,132,100 |
| Fertilizer | 5,937,204 |
| Food & Personal Care Products | 5,664,120 |
| Oil & Gas Marketing Companies | 5,550,232 |
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