October 6, 2020 (MLN): The bulls staged a comeback at Pakistan Stock exchange in today’s trading session as the benchmark KSE-100 Index managed to gain 55 points and concluded the session at 39,127 points i.e. up by 0.14% compared to yesterday’s close.
The trading started on a weak note as the index shed more than 500 points in the early trading hours. However, market bounced back in the last trading hours as the value hunters dived into cherry pick oversold equities, said Ismail Iqbal Securities.
Furthermore, improvement in economic data and recovery in international oil prices due to demand optimism helped the index to close positive. Investors’ sentiments remained neutral as the domestic political environment continued to weigh on market stability, another report by Aba Ali Habib Securities stated.
Apart from this, during the session, FFBL announced to increase paid-up capital of PKR 4.99 billion through Right Issue.
The Index traded in a range of 773.84 points or 1.98 percent of previous close, showing an intraday high of 39,344.51 and a low of 38,570.67.
Of the 94 traded companies in the KSE100 Index 53 closed up 37 closed down, while 4 remained unchanged. Total volume traded for the index was 274.46 million shares.
Sectors propping up the index were Cement with 23 points, Insurance with 19 points, Oil & Gas Marketing Companies with 12 points, Power Generation & Distribution with 12 points and Fertilizer with 10 points.
The most points added to the index was by BAFL which contributed 16 points followed by ENGRO with 15 points, NBP with 14 points, SEARL with 13 points and EPCL with 12 points.
Sector wise, the index was let down by Oil & Gas Exploration Companies with 31 points, Commercial Banks with 16 points, Automobile Assembler with 9 points, Technology & Communication with 8 points and Inv. Banks / Inv. Cos. / Securities Cos. with 7 points.
The most points taken off the index was by BAHL which stripped the index of 19 points followed by OGDC with 18 points, TRG with 11 points, DAWH with 10 points and HBL with 10 points.
All Share Volume decreased by 3.91 Million to 406.04 Million Shares. Market Cap increased by Rs.15.42 Billion.
Total companies traded were 400 compared to 417 from the previous session. Of the scrips traded 236 closed up, 146 closed down while 18 remained unchanged.
Total trades increased by 7,691 to 129,323.
Value Traded decreased by 0.23 Billion to Rs.12.36 Billion
| Company | Volume |
|---|---|
| Hascol Petroleum | 78,202,419 |
| Unity Foods | 36,809,000 |
| TRG Pakistan | 29,387,000 |
| Pakistan Refinery | 16,541,500 |
| Fauji Foods | 14,321,000 |
| Pakistan International Bulk Terminal | 13,622,500 |
| K-Electric | 12,087,000 |
| Maple Leaf Cement Factory | 11,638,579 |
| Fauji Fertilizer Bin Qasim | 11,258,000 |
| Power Cement | 11,199,000 |
| Sector | Volume |
|---|---|
| Oil & Gas Marketing Companies | 83,884,554 |
| Technology & Communication | 46,604,100 |
| Vanaspati & Allied Industries | 36,824,700 |
| Cement | 33,045,779 |
| Food & Personal Care Products | 26,865,980 |
| Refinery | 25,931,200 |
| Power Generation & Distribution | 22,527,351 |
| Commercial Banks | 18,739,567 |
| Engineering | 17,295,400 |
| Fertilizer | 15,033,430 |
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