Closing Bell: Sturm und Drang!

March 13, 2020 (MLN): Despite the dreadful start and even an early trading market halt for the third time this week as market sell-off intensified amid investors’ fears over fast-spreading coronavirus outbreak, the KSE-100 index rebounded and reversed its intraday losses to close on the green side.

In the first half, it seemed that the bad luck of “Friday the 13 arrived on trading floors, adding salt to the wounds as if coronavirus pandemic was not enough. But luckily in the last session of the last day of a tumultuous week, investors took a sigh of relief as the index gained 104 points to close at 36,060 level i.e. almost 0.29 % higher than the previous closing.

The Index traded in a range of 1960.87 points or 5.45 percent of the previous close, showing an intraday high of 36,230.24 and a low of 34,269.37.

Of the 92 traded companies in the KSE100 Index, 51 closed up 38 closed down, while 3 remained unchanged. Total volume traded for the index was 237.69 million shares.

Sectors propping up the index were Oil & Gas Exploration Companies with 117 points, Pharmaceuticals with 35 points, Oil & Gas Marketing Companies with 28 points, Chemical with 23 points and Inv. Banks / Inv. Cos. / Securities Cos. with 16 points.

The most points added to the index was by OGDC which contributed 57 points followed by PSO with 32 points, POL with 26 points, HBL with 25 points and ENGRO with 25 points.

Sector-wise, the index was let down by Commercial Banks with 63 points, Cement with 40 points, Tobacco with 37 points, Insurance with 8 points and Power Generation & Distribution with 5 points.

The most points taken off the index was by LUCK which stripped the index of 51 points followed by UBL with 48 points, MCB with 42 points, PAKT with 37 points and FFC with 16 points.

All Share Volume increased by 59.77 Million to 290.47 Million Shares. Market Cap decreased by Rs.9.34 Billion.

Total companies traded were 354 compared to 323 from the previous session. Of the scrips traded 158 closed up, 182 closed down while 14 remained unchanged.

Total trades increased by 17,736 to 93,604.

Value Traded increased by 4.13 Billion to Rs.13.97 Billion


Top Ten by Volume

The Bank of Punjab31,115,500
Maple Leaf Cement Factory25,705,000
Fauji Cement Company20,948,500
Hascol Petroleum20,217,000
D.G. Khan Cement Company12,791,500
TRG Pakistan11,431,000
Pioneer Cement10,536,000
Pakistan Petroleum8,779,200
Unity Foods7,521,500
Cherat Cement Company7,223,500



Top Sector by Volume

Commercial Banks47,272,200
Oil & Gas Marketing Companies24,976,300
Technology & Communication21,962,200
Oil & Gas Exploration Companies14,776,260
Power Generation & Distribution14,587,500
Vanaspati & Allied Industries7,523,700



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Posted on: 2020-03-13T17:48:00+05:00