August 18, 2020 (MNL): The KSE-100 index ended the trading session on Tuesday with a 61.51 point or 0.15 percent gain to close at 40,184.01.
It is imperative to note that the benchmark index is trading in an increasingly narrower range with the all share volume the lowest since 2020-07-30.
The index opened on a highly applaudable note as it went up by over 300 points, but quickly came crashing down as investors turned towards profit-booking. Nonetheless, the performance was better as compared to yesterday mainly due to the high participation seen in the cement sector.
The improvement in performance can also be attributed to highest inflow of remittances recorded by the country for the month of July, as well as rating of ‘B-’ affirmed by Fitch to Pakistan’s IDR.
The Index traded in a range of 323.52 points or 0.81 percent of previous close, showing an intraday high of 40,435.20 and a low of 40,111.68.
Of the 93 traded companies in the KSE100 Index 46 closed up 46 closed down, while 1 remained unchanged. Total volume traded for the index was 295.89 million shares.
Sectors propping up the index were Cement with 120 points, Oil & Gas Exploration Companies with 21 points, Pharmaceuticals with 12 points, Transport with 9 points and Inv. Banks / Inv. Cos. / Securities Cos. with 7 points.
The most points added to the index was by LUCK which contributed 33 points followed by DGKC with 31 points, CHCC with 23 points, OGDC with 14 points and BAHL with 14 points.
Sector wise, the index was let down by Commercial Banks with 64 points, Fertilizer with 18 points, Technology & Communication with 17 points, Oil & Gas Marketing Companies with 11 points and Automobile Assembler with 8 points.
The most points taken off the index was by UBL which stripped the index of 28 points followed by HBL with 25 points, TRG with 18 points, PSO with 15 points and ENGRO with 11 points.
All Share Volume decreased by 63.85 Million to 458.80 Million Shares. Market Cap increased by Rs.8.91 Billion.
Total companies traded were 400 compared to 403 from the previous session. Of the scrips traded 184 closed up, 196 closed down while 20 remained unchanged.
Total trades decreased by 5,089 to 160,579.
Value Traded decreased by 1.75 Billion to Rs.20.74 Billion
| Company | Volume |
|---|---|
| Pakistan International Bulk Terminal | 35,581,500 |
| Pakistan Refinery | 27,569,000 |
| D.G. Khan Cement Company | 26,779,000 |
| Maple Leaf Cement Factory | 24,345,000 |
| Hascol Petroleum | 18,383,000 |
| K-Electric | 17,736,000 |
| TRG Pakistan | 16,941,000 |
| Unity Foods | 15,503,000 |
| Un ity Food(R) | 14,512,500 |
| The Bank of Punjab | 14,009,000 |
| Sector | Volume |
|---|---|
| Cement | 83,166,697 |
| Power Generation & Distribution | 48,815,813 |
| Oil & Gas Marketing Companies | 45,866,846 |
| Technology & Communication | 39,581,300 |
| Transport | 36,381,300 |
| Refinery | 33,868,400 |
| Vanaspati & Allied Industries | 30,016,000 |
| Commercial Banks | 27,634,546 |
| Engineering | 18,103,600 |
| Chemical | 14,664,400 |
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