July 01, 2020 (MLN): The capital markets rose on Wednesday as well to start off the new fiscal year with the KSE-100 Index gaining 467 points to settle at 34,889-level i.e. 1.36% increase from the previous close.
The inertia from yesterday inspired today’s session as well which was fuelled by inflation numbers for June, clocked in at 8.6%, in line with market expectations and the approval of a $500mn loan from the World Bank.
Moreover, FBR’s collection Rs 3974 billion taxes during FY20 played a catalyst role in bullish activity at the bourse.
The Index traded in a range of 515.96 points or 1.50 percent of previous close, showing an intraday high of 34,925.45 and a low of 34,409.49.
Of the 92 traded companies in the KSE100 Index 62 closed up 28 closed down, while 2 remained unchanged. Total volume traded for the index was 196.71 million shares.
Sectors propping up the index were Cement with 178 points, Oil & Gas Exploration Companies with 116 points, Power Generation & Distribution with 87 points, Fertilizer with 84 points and Oil & Gas Marketing Companies with 25 points.
The most points added to the index was by LUCK which contributed 95 points followed by HUBC with 68 points, OGDC with 58 points, PPL with 41 points and ENGRO with 38 points.
Sector wise, the index was let down by Commercial Banks with 89 points, Food & Personal Care Products with 6 points, Pharmaceuticals with 4 points, Leather & Tanneries with 3 points and Paper & Board with 2 points.
The most points taken off the index was by UBL which stripped the index of 22 points followed by BAFL with 17 points, MCB with 16 points, BAHL with 14 points and HBL with 11 points.
All Share Volume increased by 91.73 Million to 315.04 Million Shares. Market Cap increased by Rs.79.15 Billion.
Total companies traded were 378 compared to 369 from the previous session. Of the scrips traded 242 closed up, 114 closed down while 22 remained unchanged.
Total trades increased by 24,255 to 109,488.
Value Traded increased by 3.17 Billion to Rs.10.67 Billion
| Company | Volume |
|---|---|
| K-Electric | 39,105,500 |
| Hum Network | 30,679,500 |
| TRG Pakistan | 26,473,000 |
| Maple Leaf Cement Factory | 22,952,500 |
| D.G. Khan Cement Company | 14,526,000 |
| Pak Elektron | 11,330,500 |
| Worldcall Telecom | 11,208,000 |
| JS Bank | 8,784,000 |
| Fauji Foods | 7,533,500 |
| Agritech | 6,764,500 |
| Sector | Volume |
|---|---|
| Technology & Communication | 78,907,300 |
| Cement | 64,496,329 |
| Power Generation & Distribution | 44,630,535 |
| Commercial Banks | 18,612,916 |
| Chemical | 15,926,270 |
| Cable & Electrical Goods | 12,047,300 |
| Oil & Gas Marketing Companies | 11,174,897 |
| Food & Personal Care Products | 10,724,540 |
| Oil & Gas Exploration Companies | 10,286,681 |
| Fertilizer | 9,366,112 |
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