July 27, 2020 (MLN): Domestic equities kicked off the week on a positive note. The benchmark KSE-100 picked up the pace and landed in a green territory with a gain of 613 points to close the trading session at 38, 221-mark.
Meanwhile, it is worth mentioning that, this is the first time since March 05, 2020 that the benchmark KSE-100 index has closed higher than 38,000 points.
Aba Ali securities, in its closing report, stated that investors’ sentiments improved on an account of the announcement that SBP decided not to hold monetary policy meeting till September.
Moreover, the banking sector is set to unveil its first half-year earnings in the coming days and several brokerage houses have indicated figures to be pretty good which also injected positivity in the market.
The Index remained positive throughout the session touching an intraday high of 38,289.81
Of the 95 traded companies in the KSE100 Index 75 closed up 18 closed down, while 2 remained unchanged. Total volume traded for the index was 183.91 million shares.
Sectors propping up the index were Commercial Banks with 283 points, Cement with 75 points, Technology & Communication with 47 points, Oil & Gas Exploration Companies with 45 points and Fertilizer with 45 points.
The most points added to the index was by HBL which contributed 98 points followed by BAHL with 51 points, LUCK with 39 points, MEBL with 36 points and TRG with 30 points.
Sector wise, the index was let down by Inv. Banks / Inv. Cos. / Securities Cos. with 7 points, Close – End Mutual Fund with 1 points and Glass & Ceramics with 1 points.
The most points taken off the index was by DAWH which stripped the index of 10 points followed by ATLH with 4 points, MUREB with 3 points, KAPCO with 2 points and ICI with 2 points.
All Share Volume increased by 21.57 Million to 288.10 Million Shares. Market Cap increased by Rs.81.81 Billion.
Total companies traded were 376 compared to 373 from the previous session. Of the scrips traded 232 closed up, 129 closed down while 15 remained unchanged.
Total trades increased by 15,318 to 120,655.
Value Traded increased by 2.58 Billion to Rs.13.27 Billion
| Company | Volume |
|---|---|
| Pak Elektron | 28,921,000 |
| TRG Pakistan | 19,999,500 |
| Pakistan Refinery | 18,450,500 |
| Maple Leaf Cement Factory | 12,358,000 |
| Fauji Foods | 9,030,000 |
| Hascol Petroleum | 8,523,000 |
| Fauji Fertilizer Bin Qasim | 8,493,500 |
| Bank Alfalah | 7,901,342 |
| The Bank of Punjab | 7,360,500 |
| Avanceon | 5,592,500 |
| Sector | Volume |
|---|---|
| Technology & Communication | 39,381,100 |
| Commercial Banks | 39,087,554 |
| Cable & Electrical Goods | 30,196,100 |
| Cement | 28,801,658 |
| Refinery | 21,942,200 |
| Oil & Gas Marketing Companies | 14,796,749 |
| Fertilizer | 12,945,915 |
| Power Generation & Distribution | 12,892,604 |
| Chemical | 12,345,630 |
| Food & Personal Care Products | 11,905,850 |
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