Closing Bell: Stock market extends winning streak

December 2, 2019(MLN): The KSE-100 index continued to experience a robust rally on the first trading day of the week as it surpassed 40,000 points for the first time since February 22, 2019.  

The index carried on its upward trajectory by gaining 836 points to close at 40,124 level as Moody's changed Pakistan's outlook to stable from negative, affirming B3 rating.

Market activity improved significantly as the exports of Pakistan have surpassed $2 billion in November 2019, resulting in shrinkage in trade deficit by $988 million.

A heavy volume of 557 million shares was traded today after the highest closing record of around 606 million shares set on May 24, 2017.

The Index remained positive throughout the session touching an intraday high of 40,142.90

Of the 97 traded companies in the KSE100 Index 80 closed up 15 closed down, while 2 remained unchanged. Total volume traded for the index was 361.66 million shares.

Sectors propping up the index were Commercial Banks with 516 points, Power Generation & Distribution with 73 points, Oil & Gas Marketing Companies with 53 points, Cement with 52 points and Textile Composite with 36 points.

The most points added to the index was by HBL which contributed 119 points followed by MCB with 92 points, UBL with 89 points, BAHL with 59 points and HUBC with 51 points.

Sector wise, the index was let down by Oil & Gas Exploration Companies with 83 points and Chemical with 3 points.

The most points taken off the index was by OGDC which stripped the index of 49 points followed by PPL with 24 points, POL with 19 points, MTL with 8 points and COLG with 7 points.

All Share Volume increased by 125.54 Million to 557.39 Million Shares. Market Cap increased by Rs.116.82 Billion.

Total companies traded were 409 compared to 407 from the previous session. Of the scrips traded 304 closed up, 89 closed down while 16 remained unchanged.

Total trades increased by 15,908 to 134,681.

Value Traded increased by 2.01 Billion to Rs.16.48 Billion

CompanyVolume

Top Ten by Volume

The Bank of Punjab74,927,500
K-Electric40,850,000
Unity Foods37,700,000
Fauji Foods18,273,500
Pak Elektron16,542,000
Agritech12,285,000
Dost Steels12,218,500
Power Cement11,588,000
Pakistan International Bulk Terminal10,868,500
Pakistan Telecommunication Company Ltd10,861,000

 

SectorVolume

Top Sector by Volume

Commercial Banks110,953,200
Cement59,018,800
Power Generation & Distribution47,034,000
Vanaspati & Allied Industries37,700,300
Technology & Communication36,934,500
Engineering36,902,500
Chemical26,769,414
Food & Personal Care Products25,253,640
Inv. Banks / Inv. Cos. / Securities Cos.23,649,900
Oil & Gas Marketing Companies19,694,000

 

 

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Posted on: 2019-12-02T17:37:00+05:00

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