March 26, 2020 (MLN): The domestic equities after a spell of a relentless rout, took a breather today as the KSE-100 index gained 38 points or 0.14% up from yesterday’s session and closed at 27,267 mark.
The market opened on a positive note and went up by 963 points within 2 hours of trading, however, after touching an altitude of 28,199 points, the market lost its momentum as selling was witnessed by profits takers at a higher level.
The investors’ sentiments remained positive throughout the session due to the regulatory measures and incentives introduced by the government to support financial markets including ban on short selling.
Furthermore, international donors such as IMF and World Bank offered debt repayment relief to poor countries including Pakistan, this also helped in keeping investors’ sentiments intact.
The Index traded in a range of 1144.62 points or 4.20 percent of previous close, showing an intraday high of 28,191.33 and a low of 27,046.71.
Of the 93 traded companies in the KSE100 Index 47 closed up 45 closed down, while 1 remained unchanged. Total volume traded for the index was 157.44 million shares.
Sectors propping up the index were Commercial Banks with 97 points, Fertilizer with 77 points, Power Generation & Distribution with 28 points, Food & Personal Care Products with 12 points and Real Estate Investment Trust with 4 points.
The most points added to the index was by HBL which contributed 55 points followed by ENGRO with 50 points, MEBL with 29 points, HUBC with 24 points and EFERT with 18 points.
Sector-wise, the index was let down by Cement with 66 points, Oil & Gas Marketing Companies with 31 points, Oil & Gas Exploration Companies with 28 points, Textile Composite with 20 points and Tobacco with 14 points.
The most points taken off the index was by OGDC which stripped the index of 32 points followed by UBL with 32 points, LUCK with 25 points, DGKC with 19 points and PAKT with 14 points.
All Share Volume increased by 41.64 Million to 186.75 Million Shares. Market Cap decreased by Rs.23.51 Billion.
Total companies traded were 347 compared to 298 from the previous session. Of the scrips traded 152 closed up, 182 closed down while 13 remained unchanged.
Total trades increased by 23,871 to 69,051.
Value Traded increased by 0.04 Billion to Rs.5.54 Billion
| Company | Volume |
|---|---|
| K-Electric | 21,632,000 |
| Unity Foods | 15,140,000 |
| TRG Pakistan | 13,279,000 |
| Hascol Petroleum | 10,887,500 |
| Pioneer Cement | 9,571,500 |
| The Bank of Punjab | 9,189,000 |
| Maple Leaf Cement Factory | 8,362,000 |
| Oil & Gas Development Company | 7,997,759 |
| Lotte Chemical Pakistan | 6,554,000 |
| The Hub Power Company | 4,346,710 |
| Sector | Volume |
|---|---|
| Cement | 33,532,401 |
| Power Generation & Distribution | 28,691,210 |
| Commercial Banks | 22,758,774 |
| Technology & Communication | 17,731,900 |
| Vanaspati & Allied Industries | 15,140,000 |
| Oil & Gas Marketing Companies | 13,671,674 |
| Oil & Gas Exploration Companies | 10,907,029 |
| Chemical | 9,448,460 |
| Fertilizer | 7,186,642 |
| Food & Personal Care Products | 5,080,580 |
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