Closing Bell: To Infinity and Beyond

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By MG News | August 03, 2020 at 06:43 PM GMT+05:00

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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

Top Ten by 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

Top Sector by 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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Name Price/Vol %Chg/NChg
KSE100 130,344.03
345.79M
1.67%
2144.61
ALLSHR 81,023.99
1,021.87M
1.55%
1236.37
KSE30 39,908.26
141.62M
2.05%
803.27
KMI30 189,535.00
150.29M
1.40%
2619.39
KMIALLSHR 54,783.66
508.76M
1.07%
581.78
BKTi 34,940.73
55.86M
4.37%
1464.05
OGTi 28,296.06
16.02M
1.19%
333.47
Symbol Bid/Ask High/Low
Name Last High/Low Chg/%Chg
BITCOIN FUTURES 109,440.00 110,105.00
109,380.00
-845.00
-0.77%
BRENT CRUDE 68.50 69.00
68.48
-0.61
-0.88%
RICHARDS BAY COAL MONTHLY 97.50 0.00
0.00
0.75
0.78%
ROTTERDAM COAL MONTHLY 109.20 110.00
108.25
1.70
1.58%
USD RBD PALM OLEIN 998.50 998.50
998.50
0.00
0.00%
CRUDE OIL - WTI 66.88 67.50
66.83
-0.57
-0.85%
SUGAR #11 WORLD 15.56 15.97
15.44
-0.14
-0.89%

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