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MPS Preview: High for Longer

Closing Bell: Setting new highs in 2020

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January 10, 2020 (MLN): The KSE-100 index continued to experience a robust rally on the last trading day of the week, surpassing 43,000 points as investors maintained the momentum triggered by a de-escalation of US-Iran tensions.

The capital market witnessed a gain of 683 points (1.61%) to close at 43,207 level.

The Index remained positive throughout the session touching an intraday high of 43,237.08

Of the 93 traded companies in the KSE100 Index, 68 closed up 24 closed down, while 1 remained unchanged. Total volume traded for the index was 303.57 million shares.

Sectors propping up the index were Commercial Banks with 196 points, Oil & Gas Exploration Companies with 195 points, Power Generation & Distribution with 87 points, Fertilizer with 63 points and Textile Composite with 30 points.

The most points added to the index was by PPL which contributed 105 points followed by HUBC with 98 points, OGDC with 81 points, ENGRO with 40 points and MCB with 32 points.

Sector-wise, the index was let down by Inv. Banks / Inv. Cos. / Securities Cos. with 3 points, Textile Spinning with 2 points, Food & Personal Care Products with 1 point, Paper & Board with 1 point and Leather & Tanneries with 1 point.

The most points taken off the index was by LUCK which stripped the index of 14 points followed by PSO with 10 points, DAWH with 9 points, KEL with 7 points and KAPCO with 4 points.

All Share Volume increased by 37.59 Million to 400.08 Million Shares. Market Cap increased by Rs.108.44 Billion.

Total companies traded were 369 compared to 381 from the previous session. Of the scrips traded 235 closed up, 116 closed down while 18 remained unchanged.

Total trades increased by 10,382 to 105,644.

Value Traded increased by 1.72 Billion to Rs.15.48 Billion

Company Volume

Top Ten by Volume

The Bank of Punjab 52,475,000
TRG Pakistan 25,773,000
Unity Foods 19,990,000
K-Electric 17,211,000
Pak Elektron 14,179,000
Fauji Cement Company 14,161,500
Engro Polymer & Chemicals 13,261,000
Worldcall Telecom 13,129,000
Maple Leaf Cement Factory 12,492,500
Hascol Petroleum 10,761,000

 

Sector Volume

Top Sector by Volume

Commercial Banks 90,129,800
Technology & Communication 49,422,400
Cement 40,139,300
Power Generation & Distribution 28,355,500
Oil & Gas Marketing Companies 27,977,900
Chemical 25,112,250
Vanaspati & Allied Industries 19,990,000
Textile Composite 16,126,550
Cable & Electrical Goods 14,597,400
Miscellaneous 13,754,600

 

 

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Posted on: 2020-01-10T17:54:00+05:00

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