Closing Bell: Shilly-Shally

October 14, 2020 (MNL): The KSE-100 index ended the trading session on Wednesday with a 137.61 point or 0.34 percent gain to close at 40,144.29.

Despite delivering a timid performance, the market closed in green owing to a recovery in global commodity prices, as well as the efforts of the government to control food prices. Recovery in international oil prices also played a role in bringing up the level of participation on the trading floor.

Further respite was drawn from IMF’s recent report on Pakistan, wherein it projected the country’s GDP growth rate at 1 percent for FY21 against -0.4 percent in FY20.

Other major developments in today’s session include the announcement of financial results by Pakistan Telecommunication Company for the nine months ended September 30, 2020, wherein it reported a 41.67% YoY fall in net income, i.e. from Rs 2.67 billion to Rs 1.56 billion.

The Index traded in a range of 343.52 points or 0.86 percent of previous close, showing an intraday high of 40,183.88 and a low of 39,840.36.

Of the 95 traded companies in the KSE100 Index 67 closed up 27 closed down, while 1 remained unchanged. Total volume traded for the index was 156.59 million shares.

Sectors propping up the index were Fertilizer with 21 points, Textile Composite with 19 points, Cement with 17 points, Power Generation & Distribution with 16 points and Oil & Gas Marketing Companies with 13 points.

The most points added to the index was by ABL which contributed 17 points followed by HUBC with 14 points, PPL with 13 points, TRG with 12 points and ANL with 11 points.

Sector wise, the index was let down by Oil & Gas Exploration Companies with 10 points, Tobacco with 7 points, Insurance with 6 points, Food & Personal Care Products with 5 points and Paper & Board with 1 points.

The most points taken off the index was by POL which stripped the index of 25 points followed by BAFL with 15 points, AICL with 9 points, MCB with 7 points and PMPK with 7 points.

All Share Volume decreased by 57.33 Million to 232.80 Million Shares. Market Cap increased by Rs.23.19 Billion.

Total companies traded were 408 compared to 403 from the previous session. Of the scrips traded 286 closed up, 108 closed down while 14 remained unchanged.

Total trades decreased by 17,808 to 90,932.

Value Traded decreased by 1.27 Billion to Rs.8.54 Billion


Top Ten by Volume

Hascol Petroleum24,029,683
Unity Foods21,504,500
TRG Pakistan19,612,000
Power Cement14,578,000
Azgard Nine13,608,000
Pak Elektron10,330,000
Pakistan Refinery7,871,500
Pakistan International Bulk Terminal7,730,500
Maple Leaf Cement Factory6,013,203
Kot Addu Power Company5,409,000



Top Sector by Volume

Oil & Gas Marketing Companies27,784,215
Technology & Communication27,463,300
Vanaspati & Allied Industries21,510,900
Textile Composite17,796,850
Power Generation & Distribution14,791,241
Cable & Electrical Goods10,892,500
Commercial Banks10,236,461



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Posted on: 2020-10-14T17:50:00+05:00