November 18, 2020 (MLN): The capital markets remained under selling pressure throughout the day today due to lack of fresh triggers, volume and a spike in COVID-19 cases.
According to the closing note by Aba Ali Habib Securities, vaccine hopes have been dampened by the rising Covid-19 cases and a slight fall in international oil prices earlier today resulted in a sell-off by the investors.
As a result, the KSE-100 concluded the session on a negative note by losing 138 points today and closed at 40,514-level. This was 0.34% lower compared to the previous closing.
The Index traded in a range of 312.38 points or 0.77 percent of previous close, showing an intraday high of 40,657.30 and a low of 40,344.92.
Of the 94 traded companies in the KSE100 Index 28 closed up 65 closed down, while 1 remained unchanged. Total volume traded for the index was 78.59 million shares.
Sector wise, the index was let down by Oil & Gas Exploration Companies with 52 points, Cement with 24 points, Oil & Gas Marketing Companies with 17 points, Fertilizer with 16 points and Food & Personal Care Products with 10 points.
The most points taken off the index was by HBL which stripped the index of 20 points followed by PPL with 19 points, ENGRO with 18 points, PSO with 14 points and POL with 14 points.
Sectors propping up the index were Engineering with 10 points, Technology & Communication with 9 points and Textile Spinning with 2 points.
The most points added to the index was by MCB which contributed 15 points followed by TRG with 13 points, ISL with 8 points, MEBL with 6 points and FFC with 5 points.
All Share Volume decreased by 4.44 Million to 145.90 Million Shares. Market Cap decreased by Rs.26.08 Billion.
Total companies traded were 377 compared to 381 from the previous session. Of the scrips traded 149 closed up, 203 closed down while 25 remained unchanged.
Total trades decreased by 1,274 to 69,672.
Value Traded decreased by 0.09 Billion to Rs.6.25 Billion
| Company | Volume |
|---|---|
| TRG Pakistan | 11,953,500 |
| Unity Foods | 8,830,500 |
| Soneri Bank | 6,441,500 |
| K-Electric | 5,647,000 |
| Avanceon | 5,162,500 |
| NetSol Technologies | 4,835,000 |
| Aisha Steel Mills | 4,819,000 |
| Al Shaheer Corporation | 4,663,500 |
| Maple Leaf Cement Factory | 4,569,200 |
| Pakistan Refinery | 4,120,500 |
| Sector | Volume |
|---|---|
| Technology & Communication | 26,528,700 |
| Commercial Banks | 19,544,219 |
| Cement | 12,329,908 |
| Engineering | 11,071,300 |
| Vanaspati & Allied Industries | 8,837,600 |
| Power Generation & Distribution | 8,496,348 |
| Food & Personal Care Products | 7,383,200 |
| Refinery | 6,424,300 |
| Oil & Gas Marketing Companies | 6,295,823 |
| Miscellaneous | 5,734,400 |
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