Mettis Global News
Mettis Global News
Mettis Global News
Mettis Global News

Trending :

Closing Bell: When the Music’s Over

Share on facebook
Share on twitter
Share on linkedin
Share on whatsapp

August 13, 2020 (MLN): The benchmark KSE-100 index ended the trading session on Thursday with a 182.44 point or 0.45 percent decline to close at 40,290.74.

The capital markets opened higher on the last trading day of the week but the verdict of the GIDC case left the markets on the rocky ground ahead of the long weekend as investors took them as cues to book profits which brought the index down.

The Supreme Court canceled all the petitions against GIDC levy and ordered the companies to pay the outstanding GIDC amount of Rs. 417 billion in monthly installments.

Throughout the session, Fertilizer sector felt the heat of the SC’s decision on GIDC.

Another notable highlight in today’s session was the announcement of the MSCI quarterly index review wherein no changes were witnessed regarding Pakistan in both Standard Index and Small Cap Index.

Besides this, the Askari bank has posted its net profits of Rs 4.97 billion (EPS: Rs 3.94) during 1HCY20, showing an increase of 58.75 % against net profits of Rs 3.13 billion.

The Index traded in a range of 664.50 points or 1.64 percent of the previous close, showing an intraday high of 40,563.16 and a low of 39,898.66.

Of the 95 traded companies in the KSE100 Index, 36 closed up 58 closed down, while 1 remained unchanged. The total volume traded for the index was 342.13 million shares.

Sector-wise, the index was let down by Fertilizer with 201 points, Inv. Banks / Inv. Cos. / Securities Cos. with 27 points, Commercial Banks with 19 points, Textile Composite with 19 points and Automobile Parts & Accessories with 11 points.

The most points taken off the index were by FFC which stripped the index of 114 points followed by ENGRO with 44 points, MCB with 27 points, EFERT with 26 points and DAWH with 24 points.

Sectors propping up the index were Technology & Communication with 30 points, Oil & Gas Marketing Companies with 29 points, Power Generation & Distribution with 22 points, Oil & Gas Exploration Companies with 18 points and Cement with 14 points.

The most points added to the index was by TRG which contributed 37 points followed by HUBC with 22 points, BAHL with 20 points, SNGP with 15 points and HASCOL with 13 points.

All Share Volume decreased by 35.03 Million to 556.15 Million Shares. Market Cap decreased by Rs.22.94 Billion.

Total companies traded were 419 compared to 405 from the previous session. Of the scrips traded 179 closed up, 220 closed down while 20 remained unchanged.

Total trades decreased by 19,522 to 164,361.

Value Traded decreased by 3.11 Billion to Rs.19.35 Billion

Company Volume

Top Ten by Volume

Unity Foods 60,265,500
Hascol Petroleum 50,870,000
Un ity Food(R) 50,641,500
Worldcall Telecom 33,450,500
TRG Pakistan 32,343,500
Pakistan Refinery 15,912,000
Maple Leaf Cement Factory 12,425,500
Engro Polymer & Chemicals 12,274,500
Sui Northern Gas Pipelines 12,125,000
Pak Elektron 11,791,000

 

Sector Volume

Top Sector by Volume

Vanaspati & Allied Industries 110,907,300
Technology & Communication 81,137,100
Oil & Gas Marketing Companies 73,057,516
Cement 44,817,180
Power Generation & Distribution 30,144,089
Fertilizer 28,375,187
Commercial Banks 28,022,065
Chemical 24,227,890
Refinery 22,128,700
Cable & Electrical Goods 17,925,150

 

 

Copyright Mettis Link News

 

Posted on: 2020-08-13T17:53:00+05:00

36307