Closing Bell: Shred of uncertainty

Feb 18, 2020 (MLN): The stock market displayed another dull session today with the benchmark KSE-100 index dipped by 101 points or 0.25% from yesterday’s session and closed the day at 40,175 mark.

The market opened on a positive note, however, the rally failed to maintain the momentum and retreated into the red zone.

The volatility in the index might attributable to news flows which suggest that IMF has rejected Government's request for a delay in energy tariff / tax hikes up to next fiscal year which created some uncertainty over macros, a report by Ismail Iqbal Securities said.

The Index traded in a range of 536.44 points or 1.33 percent of previous close, showing an intraday high of 40,600.80 and a low of 40,064.36.

Of the 88 traded companies in the KSE100 Index 36 closed up 51 closed down, while 1 remained unchanged. Total volume traded for the index was 70.40 million shares.

Sector wise, the index was let down by Oil & Gas Marketing Companies with 47 points, Tobacco with 38 points, Technology & Communication with 17 points, Power Generation & Distribution with 16 points and Insurance with 15 points.

The most points taken off the index was by PSO which stripped the index of 44 points followed by PAKT with 38 points, PPL with 23 points, COLG with 14 points and SYS with 14 points.

Sectors propping up the index were Fertilizer with 25 points, Oil & Gas Exploration Companies with 13 points, Commercial Banks with 9 points, Textile Composite with 8 points and Inv. Banks / Inv. Cos. / Securities Cos. with 7 points.

The most points added to the index was by HBL which contributed 45 points followed by OGDC with 37 points, MCB with 22 points, FFC with 17 points and ENGRO with 7 points.

All Share Volume decreased by 8.32 Million to 91.64 Million Shares. Market Cap decreased by Rs.52.80 Billion.

Total companies traded were 334 compared to 327 from the previous session. Of the scrips traded 119 closed up, 192 closed down while 23 remained unchanged.

Total trades decreased by 363 to 43,113.

Value Traded increased by 0.49 Billion to Rs.4.87 Billion


Top Ten by Volume

Unity Foods13,375,500
Habib Bank5,376,100
Pakistan State Oil Company4,612,500
Lotte Chemical Pakistan4,474,500
D.G. Khan Cement Company4,046,500
Summit Bank3,999,000
Kot Addu Power Company3,354,000
The Bank of Punjab2,678,000
Hascol Petroleum2,570,000



Top Sector by Volume

Commercial Banks16,806,300
Vanaspati & Allied Industries13,376,900
Technology & Communication8,545,900
Oil & Gas Marketing Companies8,019,600
Power Generation & Distribution7,758,000
Oil & Gas Exploration Companies3,264,600
Food & Personal Care Products2,332,150



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Posted on: 2020-02-18T17:17:00+05:00