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Closing Bell: Wins-Day

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February 19, 2020 (MLN): The KSE-100 index depicted a wicked performed on Wednesday, as it added approximately 399 points to its kitty and closed at 40,574-mark, i.e. 0.99 percent higher than previous session’s closing.

The market remained positive throughout the session, as improvement in economic indicators kept investors’ sentiments afloat. Positive cues from IMF review held recently also helped in restoring investors’ confidence.

The Benchmark KSE100 index ended the trading session on Wednesday with a 399.17 point or 0.99 percent gain to close at 40,574.52.

The Index remained positive throughout the session touching an intraday high of 40,643.65

Of the 93 traded companies in the KSE100 Index 65 closed up 23 closed down, while 5 remained unchanged. Total volume traded for the index was 109.56 million shares.

Sectors propping up the index were Oil & Gas Exploration Companies with 76 points, Commercial Banks with 66 points, Cement with 55 points, Fertilizer with 40 points and Power Generation & Distribution with 22 points.

The most points added to the index was by OGDC which contributed 52 points followed by UBL with 33 points, HUBC with 24 points, PPL with 22 points and FFC with 21 points.

Of the winning scrips, UBL declared earnings of Rs 20.7 billion (EPS: Rs. 15.6) for the year ended December 31, 2019, showing an increase of 33.7% as compared to SPLY, whereas MTL posted profits of Rs. 748 million (EPS: Rs. 15) for the half-year ended December 2019, showing a decline of 59% as compared to SPLY.

Sector wise, the index was let down by Automobile Parts & Accessories with 4 points, Insurance with 3 points, Miscellaneous with 2 points, Close – End Mutual Fund with 1 points and Textile Spinning with 1 points.

The most points taken off the index was by HBL which stripped the index of 19 points followed by JLICL with 7 points, BAHL with 6 points, INDU with 5 points and MARI with 4 points.

From the losing scrips, HBL posted a consolidated net profit of Rs. 15.45 billion (EPS: 10.45) for the year i.e. 24.6% higher than the SPLY, while INDU declared earnings of Rs. 2.3 billion (EPS: Rs. 29.32) for the six months ended December 2019, showing a decline of 66.6% as compared to the SPLY.

All Share Volume increased by 51.32 Million to 142.96 Million Shares. Market Cap increased by Rs.69.28 Billion.

Total companies traded were 341 compared to 334 from the previous session. Of the scrips traded 222 closed up, 94 closed down while 25 remained unchanged.

Total trades increased by 17,834 to 60,947.

Value Traded increased by 1.63 Billion to Rs.6.50 Billion

Company Volume

Top Ten by Volume

Unity Foods 21,639,500
Hascol Petroleum 10,083,500
D.G. Khan Cement Company 9,509,000
Maple Leaf Cement Factory 7,526,000
TRG Pakistan 5,198,000
Oil & Gas Development Company 4,502,800
Worldcall Telecom 4,295,000
Avanceon 3,875,500
Pakistan Petroleum 3,613,800
Fauji Foods 3,304,500

 

Sector Volume

Top Sector by Volume

Cement 24,119,500
Vanaspati & Allied Industries 21,639,500
Technology & Communication 15,520,800
Commercial Banks 12,673,000
Oil & Gas Marketing Companies 12,175,200
Oil & Gas Exploration Companies 8,196,780
Food & Personal Care Products 5,386,410
Engineering 5,066,700
Power Generation & Distribution 5,054,500
Chemical 4,568,300

 

 

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Posted on: 2020-02-19T17:19:00+05:00

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