August 25, 2020 (MLN): The capital markets kicked off the day on a positive note. The benchmark KSE-100 picked up the pace and landed in a green territory with a gain of 490 points to close the trading session at 40,292.82-level.
According to the closing note of Ismail Iqbal Securities, equities remained bullish throughout the session as liquidity continued to improve at mutual funds end.
The market has gained impetus from the news that the Sindh Assembly passed the finance bill wherein up to 3% Capital Value Tax (CVT) abolished on immovable properties as per Aba Ali Habib's research.
Further, the market sentiments also relied on robust corporate earnings and yesterday’s economic data release.
The Index remained positive throughout the session touching an intraday high of 40,340.79
Of the 96 traded companies in the KSE100 Index, 79 closed up 14 closed down, while 3 remained unchanged. The total volume traded for the index was 273.14 million shares.
Sectors propping up the index were Commercial Banks with 93 points, Oil & Gas Exploration Companies with 91 points, Power Generation & Distribution with 56 points, Chemical with 41 points and Oil & Gas Marketing Companies with 39 points.
The most points added to the index were by HUBC which contributed 51 points followed by HBL with 34 points, UBL with 28 points, OGDC with 25 points and MARI with 25 points.
Sector-wise, the index was let down by Inv. Banks / Inv. Cos. / Securities Cos. with 4 points and Tobacco with 3 points.
The most points taken off the index were by LUCK which stripped the index of 10 points followed by DAWH with 7 points, FCEPL with 3 points, PMPK with 3 points and NBP with 2 points.
All Share Volume increased by 163.34 Million to 535.07 Million Shares. Market Cap increased by Rs.88.61 Billion.
Total companies traded were 402 compared to 388 from the previous session. Of the scrips traded 278 closed up, 104 closed down while 20 remained unchanged.
Total trades increased by 32,698 to 168,623.
Value Traded increased by 5.42 Billion to Rs.20.34 Billion
| Company | Volume |
|---|---|
| Hascol Petroleum | 50,392,000 |
| Un ity Food(R) | 37,707,000 |
| TRG Pakistan | 30,065,000 |
| Pakistan Refinery | 27,512,000 |
| Power Cement (R) | 18,148,500 |
| Power Cement | 16,258,000 |
| Maple Leaf Cement Factory | 16,094,000 |
| Unity Foods | 15,623,500 |
| Worldcall Telecom | 13,596,000 |
| Pakistan International Bulk Terminal | 12,915,500 |
| Sector | Volume |
|---|---|
| Cement | 88,033,637 |
| Oil & Gas Marketing Companies | 66,543,142 |
| Technology & Communication | 56,737,200 |
| Vanaspati & Allied Industries | 53,332,600 |
| Refinery | 37,775,400 |
| Commercial Banks | 35,929,675 |
| Engineering | 34,263,300 |
| Miscellaneous | 21,011,700 |
| Food & Personal Care Products | 20,373,700 |
| Chemical | 19,469,500 |
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