October 19, 2020 (MLN): The capital markets remained range bound today as lack of fresh triggers, continued political noise and FATF review which is just around the corner, influenced investors to take a cautious trading approach. The KSE-100 Index concluded the trading session in the green zone on Monday with a gain of 176 points or 0.44% increase to close at 40,340 level.
According to the closing note by Ismail Iqbal Securities, Energy sector stocks (mainly heavyweight E&Ps, IPPs) remained in limelight as Government is working on transfer of DISCOs to provinces (major reform), adjustments in power tariffs for increasing consumption and finalization of K-Electric acquisition by Shanghai Electric.
The Index traded in a range of 423.35 points or 1.05 percent of previous close, showing an intraday high of 40,491.85 and a low of 40,068.50.
Of the 93 traded companies in the KSE100 Index 56 closed up 35 closed down, while 2 remained unchanged. Total volume traded for the index was 182.42 million shares.
Sectors propping up the index were Fertilizer with 88 points, Oil & Gas Exploration Companies with 31 points, Oil & Gas Marketing Companies with 19 points, Transport with 15 points and Vanaspati & Allied Industries with 14 points.
The most points added to the index was by ENGRO which contributed 62 points followed by EFERT with 23 points, MARI with 20 points, MEBL with 16 points and PIBTL with 15 points.
Sector wise, the index was let down by Commercial Banks with 15 points, Tobacco with 5 points, Cement with 5 points, Power Generation & Distribution with 4 points and Insurance with 3 points.
The most points taken off the index was by HBL which stripped the index of 13 points followed by MCB with 12 points, POL with 5 points, PAKT with 5 points and NBP with 5 points.
All Share Volume increased by 65.36 Million to 319.56 Million Shares. Market Cap increased by Rs.22.74 Billion.
Total companies traded were 392 compared to 391 from the previous session. Of the scrips traded 233 closed up, 140 closed down while 19 remained unchanged.
Total trades increased by 7,441 to 97,001.
Value Traded increased by 0.23 Billion to Rs.7.96 Billion
| Company | Volume |
|---|---|
| Unity Foods | 53,658,500 |
| Pakistan International Bulk Terminal | 36,636,000 |
| Fauji Foods | 26,738,000 |
| Kohinoor Spinning Mills | 25,608,000 |
| Hascol Petroleum | 18,696,013 |
| Azgard Nine | 17,639,000 |
| TRG Pakistan | 6,524,000 |
| K-Electric | 5,421,500 |
| Pakistan Refinery | 5,216,000 |
| Lalpir Power | 5,197,000 |
| Sector | Volume |
|---|---|
| Vanaspati & Allied Industries | 53,658,900 |
| Transport | 36,998,800 |
| Textile Spinning | 34,977,950 |
| Food & Personal Care Products | 31,855,900 |
| Textile Composite | 23,123,950 |
| Oil & Gas Marketing Companies | 22,143,327 |
| Technology & Communication | 16,251,800 |
| Cement | 14,043,971 |
| Power Generation & Distribution | 13,433,708 |
| Chemical | 9,877,950 |
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