May 7, 2020 (MNL): Pakistan’s stock markets took a significant dip on Thursday, owing to the profit-taking activity by fear-ridden investors as well as lack of positive drivers.The markets across Asia were in a pretty bad shape as well, as the economic reality of the coronavirus crisis became even starker, and China-US relations soured, overshadowing recent optimism over the easing of lockdown measures.
Consequently, the KSE-100 index lost nearly 424 points in today’s session and closed at 33,304-level, which is around 1.26 percent lower as compared to the previous day’s close.
The Index traded in a range of 573.10 points or 1.70 percent of previous close, showing an intraday high of 33,811.36 and a low of 33,238.26.
Of the 92 traded companies in the KSE100 Index 16 closed up 75 closed down, while 1 remained unchanged. Total volume traded for the index was 128.61 million shares.
Sector wise, the index was let down by Oil & Gas Exploration Companies with 122 points, Cement with 54 points, Power Generation & Distribution with 52 points, Fertilizer with 39 points and Oil & Gas Marketing Companies with 38 points.
The most points taken off the index was by OGDC which stripped the index of 49 points followed by PPL with 46 points, HUBC with 43 points, LUCK with 33 points and BAHL with 27 points.
Sectors propping up the index were Insurance with 8 points, Paper & Board with 3 points, Inv. Banks / Inv. Cos. / Securities Cos. with 2 points and Automobile Assembler with 2 points.
The most points added to the index was by HBL which contributed 23 points followed by UBL with 12 points, EFUG with 11 points, SYS with 7 points and MTL with 5 points.
All Share Volume decreased by 32.95 Million to 176.03 Million Shares. Market Cap decreased by Rs.78.72 Billion.
Total companies traded were 331 compared to 350 from the previous session. Of the scrips traded 75 closed up, 243 closed down while 13 remained unchanged.
Total trades increased by 1,417 to 86,194.
Value Traded increased by 0.29 Billion to Rs.7.49 Billion
| Company | Volume |
|---|---|
| Hascol Petroleum | 16,085,500 |
| Maple Leaf Cement Factory | 12,559,500 |
| D.G. Khan Cement Company | 8,190,500 |
| Unity Foods | 7,684,000 |
| Fauji Cement Company | 7,537,000 |
| K-Electric | 5,899,000 |
| Pioneer Cement | 5,854,000 |
| The Crescent Textile Mills | 5,255,000 |
| Habib Bank | 5,017,246 |
| Worldcall Telecom | 4,698,000 |
| Sector | Volume |
|---|---|
| Cement | 41,794,708 |
| Commercial Banks | 19,102,872 |
| Oil & Gas Marketing Companies | 18,916,213 |
| Technology & Communication | 13,870,000 |
| Power Generation & Distribution | 10,240,185 |
| Textile Composite | 7,845,450 |
| Vanaspati & Allied Industries | 7,729,600 |
| Oil & Gas Exploration Companies | 7,108,484 |
| Engineering | 7,082,100 |
| Inv. Banks / Inv. Cos. / Securities Cos. | 6,511,200 |
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