September 1, 2020 (MLN): Domestic equities extended its gains for another day by adding 266 points to the benchmark KSE-100 index and concluded the session at 41,377 point, which was 0.65% above than yesterday’s closing.
According to the closing note by Aba Ali Habib Securities, the investors cherished the news that government has released PKR 105.4bn for ongoing and new development project under PSDP which brought fresh buying on local bourse. Moreover, expected ease in inflation coupled with status quo in oil prices decision for September fueled investor sentiments.
The notable highlight in today’s session was the financial results of PSO in which it reported Rs 14.76 billion loss in FY20 due to hefty inventory loss.
The Index traded in a range of 305.20 points or 0.74 percent of previous close, showing an intraday high of 41,401.26 and a low of 41,096.06.
Of the 97 traded companies in the KSE100 Index 70 closed up 25 closed down, while 2 remained unchanged. Total volume traded for the index was 371.74 million shares.
Sectors propping up the index were Cement with 52 points, Power Generation & Distribution with 46 points, Technology & Communication with 45 points, Chemical with 38 points and Textile Composite with 26 points.
The most points added to the index was by TRG which contributed 39 points followed by COLG with 26 points, MARI with 18 points, PKGS with 17 points and KAPCO with 17 points.
Sector wise, the index was let down by Tobacco with 23 points, Oil & Gas Exploration Companies with 21 points, Commercial Banks with 20 points, Automobile Assembler with 8 points and Real Estate Investment Trust with 1 points.
The most points taken off the index was by OGDC which stripped the index of 29 points followed by HBL with 29 points, PAKT with 22 points, PPL with 14 points and UBL with 8 points.
All Share Volume increased by 307.62 Million to 759.36 Million Shares. Market Cap increased by Rs.42.76 Billion.
Total companies traded were 424 compared to 413 from the previous session. Of the scrips traded 278 closed up, 125 closed down while 21 remained unchanged.
Total trades increased by 39,865 to 176,875.
Value Traded increased by 5.43 Billion to Rs.21.72 Billion
| Company | Volume |
|---|---|
| Un ity Food(R) | 91,235,500 |
| Pak Elektron | 47,453,000 |
| Unity Foods | 45,769,500 |
| Hascol Petroleum | 45,500,500 |
| Power Cement (R) | 39,989,000 |
| TRG Pakistan | 33,519,500 |
| Power Cement | 32,927,500 |
| Pakistan Refinery | 32,017,500 |
| K-Electric | 26,462,000 |
| BankIslami Pakistan | 22,104,000 |
| Sector | Volume |
|---|---|
| Vanaspati & Allied Industries | 137,021,700 |
| Cement | 114,516,990 |
| Cable & Electrical Goods | 60,554,650 |
| Commercial Banks | 58,180,895 |
| Technology & Communication | 56,747,000 |
| Oil & Gas Marketing Companies | 54,005,691 |
| Power Generation & Distribution | 49,012,294 |
| Engineering | 48,474,700 |
| Refinery | 39,857,700 |
| Chemical | 31,150,950 |
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