December 9, 2020 (MLN): Domestic equities on Wednesday took a turnaround from yesterday’s closing and concluded the session on a greener note by gaining 102 points to reach at 42,204 points level. This was 0.24% higher compared to yesterday’s close.
According to closing note by Aba Ali Habib Securities, the support resulted from positive trends witnessed in the global equity markets and oil prices.
The Index remained bullish most of the time, however, during the midday session, the market sentiments dampened due to profit booking emerged from political uncertainty as PDM members decided to submit their resignation from both provincial and national assemblies by Dec 31st to their party chiefs.
Besides, investors also reacted to the announcements made by SHELL and Al Shaheer Corporation to increase authorized share capital of the company. In addition, the Security Exchange Commission of Pakistan (SECP) allowed Askari Bank Limited to issue up to 210,526,315 shares, against conversion of Term Finance Certificates (TFCs) amounting to Rs.6,000,000,000.
The Index traded in a range of 326.22 points or 0.77 percent of previous close, showing an intraday high of 42,350.41 and a low of 42,024.19.
Of the 95 traded companies in the KSE100 Index 47 closed up 44 closed down, while 4 remained unchanged. Total volume traded for the index was 244.32 million shares.
Sectors propping up the index were Oil & Gas Exploration Companies with 44 points, Technology & Communication with 20 points, Commercial Banks with 11 points, Fertilizer with 10 points and Pharmaceuticals with 8 points.
The most points added to the index was by TRG which contributed 30 points followed by OGDC with 24 points, PPL with 12 points, UBL with 11 points and HBL with 10 points.
Sector wise, the index was let down by Power Generation & Distribution with 13 points, Tobacco with 10 points, Automobile Parts & Accessories with 6 points, Textile Composite with 6 points and Engineering with 5 points.
The most points taken off the index was by HUBC which stripped the index of 18 points followed by PAKT with 9 points, BAHL with 9 points, SYS with 9 points and MLCF with 8 points.
All Share Volume increased by 28.41 Million to 438.15 Million Shares. Market Cap increased by Rs.24.79 Billion.
Total companies traded were 393 compared to 383 from the previous session. Of the scrips traded 208 closed up, 162 closed down while 23 remained unchanged.
Total trades increased by 423 to 147,681.
Value Traded increased by 0.46 Billion to Rs.18.96 Billion
| Company | Volume |
|---|---|
| TRG Pakistan | 33,734,000 |
| Lotte Chemical Pakistan | 27,190,000 |
| Unity Foods | 26,151,500 |
| Hascol Petroleum | 24,655,604 |
| Maple Leaf Cement Factory | 21,907,425 |
| Pakistan International Bulk Terminal | 17,232,000 |
| Aisha Steel Mills | 14,198,500 |
| Fauji Foods | 13,435,000 |
| Pakistan Refinery | 12,773,500 |
| NetSol Technologies | 10,465,500 |
| Sector | Volume |
|---|---|
| Technology & Communication | 80,045,700 |
| Chemical | 48,468,050 |
| Cement | 40,819,841 |
| Oil & Gas Marketing Companies | 34,104,398 |
| Food & Personal Care Products | 32,039,400 |
| Engineering | 28,245,300 |
| Vanaspati & Allied Industries | 26,160,700 |
| Refinery | 26,103,200 |
| Commercial Banks | 22,426,878 |
| Transport | 17,646,200 |
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