June 26, 2020 (MLN): The Pakistan equities rose on Friday after the State Bank of Pakistan cut its policy rate by 100 basis points to 7 percent, helping reverse some of the previous day’s losses.
The surprise move from SBP lifted investors’ sentiments after a lacklustre session.
The benchmark KSE-100 Index remained positive throughout the session and gained 229 points to close at 33,939-level i.e. 0.68% higher than the previous close.
According to the closing note by Ismail Iqbal Securities, secondary market yields also came down by 30-67 bps today slightly lower than rate cut indicating upward adjustment in longer-term spreads and market expectations that interest rates may have bottomed out.
Of the 91 traded companies in the KSE100 Index, 55 closed up 35 closed down, while 1 remained unchanged. The total volume traded for the index was 122.49 million shares.
Sectors propping up the index were Fertilizer with 109 points, Cement with 93 points, Power Generation & Distribution with 43 points, Oil & Gas Marketing Companies with 15 points and Pharmaceuticals with 13 points.
The most points added to the index was by FFC which contributed 57 points followed by HUBC with 43 points, ENGRO with 40 points, LUCK with 31 points and DGKC with 26 points.
Sector-wise, the index was let down by Commercial Banks with 55 points, Inv. Banks / Inv. Cos. / Securities Cos. with 18 points, Tobacco with 5 points, Technology & Communication with 3 points and Vanaspati & Allied Industries with 1 point.
The most points taken off the index were by BAFL which stripped the index of 20 points followed by HBL with 18 points, DAWH with 16 points, UBL with 12 points and MEBL with 11 points.
All Share Volume increased by 29.76 Million to 198.19 Million Shares. Market Cap increased by Rs.21.46 Billion.
Total companies traded were 339 compared to 355 from the previous session. Of the scrips traded 169 closed up, 149 closed down while 21 remained unchanged.
Total trades decreased by 891 to 71,535.
Value Traded increased by 1.54 Billion to Rs.6.78 Billion
| Company | Volume |
|---|---|
| Maple Leaf Cement Factory | 15,199,500 |
| D.G. Khan Cement Company | 12,608,000 |
| Unity Foods | 10,668,000 |
| TRG Pakistan | 8,864,000 |
| Hum Network | 8,249,500 |
| Hascol Petroleum | 6,537,500 |
| Lotte Chemical Pakistan | 6,279,500 |
| Power Cement | 6,021,500 |
| K-Electric | 5,273,000 |
| Pak Elektron | 4,784,000 |
| Sector | Volume |
|---|---|
| Cement | 45,007,811 |
| Technology & Communication | 23,994,500 |
| Chemical | 13,472,546 |
| Vanaspati & Allied Industries | 10,673,500 |
| Commercial Banks | 10,230,811 |
| Oil & Gas Marketing Companies | 9,732,545 |
| Power Generation & Distribution | 9,113,213 |
| Inv. Banks / Inv. Cos. / Securities Cos. | 7,646,000 |
| Textile Composite | 7,295,500 |
| Fertilizer | 6,216,346 |
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