September 3, 2020 (MLN): The KSE-100 index delivered yet another ground-breaking performance on Thursday as it successfully crossed the 42,000-mark after gaining 353 points and closing at 42,188-level.
This is the highest index close the benchmark index has achieved since January 28, 2020, and the highest all-share volume and total trades in the last 15 years.
It is pertinent to mention that while all share volume and total trades were near all-time highs, value traded was not, which suggests that the activity was mostly observed in lower-priced shares.
Besides the positive energy that kept the index going, the sentiments were boosted by the global appreciation received by the Pakistan Stock Exchange, for being the best stock market in Asia and the fourth-best in the world.
The Index remained positive throughout the session touching an intraday high of 42,212.93
Of the 98 traded companies in the KSE100 Index 75 closed up and 23 closed down. Total volume traded for the index was 540.76 million shares.
Sectors propping up the index were Cement with 89 points, Commercial Banks with 51 points, Oil & Gas Marketing Companies with 44 points, Textile Composite with 41 points and Fertilizer with 35 points.
The most points added to the index was by MLCF which contributed 31 points followed by SYS with 29 points, KTML with 22 points, NBP with 21 points and PIOC with 19 points.
Sector wise, the index was let down by Power Generation & Distribution with 23 points, Oil & Gas Exploration Companies with 6 points, Automobile Parts & Accessories with 3 points, Close – End Mutual Fund with 2 points and Leather & Tanneries with 1 points.
The most points taken off the index was by HUBC which stripped the index of 25 points followed by BAHL with 13 points, POL with 8 points, OGDC with 6 points and DAWH with 6 points.
All Share Volume increased by 82.45 Million to 919.47 Million Shares. Market Cap increased by Rs.80.10 Billion.
Total companies traded were 439 compared to 425 from the previous session. Of the scrips traded 322 closed up, 97 closed down while 20 remained unchanged.
Total trades increased by 10,829 to 214,501.
Value Traded increased by 0.37 Billion to Rs.26.54 Billion
| Company | Volume |
|---|---|
| Unity Foods | 51,414,500 |
| The Bank of Punjab | 49,764,500 |
| K-Electric | 41,810,000 |
| Maple Leaf Cement Factory | 39,195,500 |
| Hascol Petroleum | 35,300,500 |
| Power Cement | 34,984,000 |
| Pakistan International Bulk Terminal | 32,996,500 |
| Fauji Foods | 27,378,500 |
| Pak Elektron | 26,727,500 |
| Lotte Chemical Pakistan | 24,982,000 |
| Sector | Volume |
|---|---|
| Commercial Banks | 123,923,372 |
| Cement | 112,065,629 |
| Technology & Communication | 93,491,800 |
| Oil & Gas Marketing Companies | 65,535,722 |
| Food & Personal Care Products | 63,071,010 |
| Chemical | 56,929,970 |
| Power Generation & Distribution | 52,619,225 |
| Vanaspati & Allied Industries | 51,420,400 |
| Transport | 37,657,600 |
| Refinery | 35,135,500 |
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