August 3, 2020 (MLN): After delivering a splendid performance in the month of July’20, the benchmark KSE-100 started second month of FY21 on the bullish note by adding 613 points to the index in today’s session or up by 1.56% compared to last trading session to settle at 39,871 points.
Last month, the index delivered a return of 14.05%, which has now increased to 15.83% after incorporating today’s performance.
Furthermore, the index has been positive for the past 6 sessions gaining 2,293.4 points or 6.10%. Total number of trades recorded were 186,354 which is the highest since Sep 20, 2016.
Speaking of today’s session, the total traded value clocked in at Rs 20.45 billion which was the highest since June 1, 2017.
According to the closing note by Aba Ali Habib Securities, today’s bullish session was backed by the international media reports that Pakistan witnessed sharp decline (more than 80% from its peak) in Covid-19 cases and deaths. Moreover, Association of Builders and Developers of Pakistan (ABAD) has pledged to initiate various projects in next three to four months supported the bull rally and influenced investors’ buying strategy.
In addition to this, the PBS announced headline inflation numbers for Jul’20 today as per which inflation surged by 9.3% YoY and 2.50% MoM, but market remained resilient, the report added.
The Index remained positive throughout the session touching an intraday high of 39,926.30
Of the 97 traded companies in the KSE100 Index 73 closed up 21 closed down, while 3 remained unchanged. Total volume traded for the index was 339.27 million shares.
Sectors propping up the index were Commercial Banks with 169 points, Cement with 126 points, Fertilizer with 39 points, Oil & Gas Marketing Companies with 37 points and Pharmaceuticals with 34 points.
The most points added to the index was by HBL which contributed 83 points followed by LUCK with 54 points, TRG with 35 points, ENGRO with 29 points and UBL with 25 points.
Sector wise, the index was let down by Oil & Gas Exploration Companies with 38 points, Tobacco with 2 points and Vanaspati & Allied Industries with 1 points.
The most points taken off the index was by MARI which stripped the index of 14 points followed by PPL with 13 points, POL with 6 points, OGDC with 5 points and MEBL with 5 points.
All Share Volume increased by 170.61 Million to 539.32 Million Shares. Market Cap increased by Rs.95.94 Billion.
Total companies traded were 412 compared to 397 from the previous session. Of the scrips traded 286 closed up, 110 closed down while 16 remained unchanged.
Total trades increased by 43,623 to 186,354.
Value Traded increased by 8.73 Billion to Rs.25.82 Billion
| Company | Volume |
|---|---|
| Maple Leaf Cement Factory | 34,912,500 |
| Power Cement | 32,593,500 |
| TRG Pakistan | 29,894,000 |
| Pak Elektron | 24,971,500 |
| K-Electric | 23,026,000 |
| Fauji Cement Company | 21,243,500 |
| Fauji Foods | 18,902,500 |
| D.G. Khan Cement Company | 17,432,000 |
| The Bank of Punjab | 15,664,000 |
| Pakistan Refinery | 14,811,500 |
| Sector | Volume |
|---|---|
| Cement | 125,599,242 |
| Technology & Communication | 51,883,100 |
| Engineering | 45,471,600 |
| Commercial Banks | 44,927,318 |
| Power Generation & Distribution | 36,073,202 |
| Cable & Electrical Goods | 28,296,400 |
| Refinery | 27,624,900 |
| Chemical | 26,373,391 |
| Food & Personal Care Products | 25,033,860 |
| Oil & Gas Marketing Companies | 22,780,413 |
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