August 19, 2020 (MLN): The trading activity within capital markets remained mixed today despite major earnings announcements. The KSE-100 Index concluded the session on a flat note by losing only 29 points today and closed at 40,154-mark.
According to the closing note by Aba Ali Habib, lack of triggers intimidated investors' risk appetite which led to gradual profit-taking at the bourse.
Amid ongoing earnings season, several listed companies announced financial results today which include Hub Power Company Limited (HUBC) posted a two-fold increase in profits to Rs 26 billion in FY20, Pak Suzuki Motor Company (PSMC) suffered losses of Rs 2.4 billion for the half-year, Habib Metro Bank (HMB) recorded 27.71% YoY growth in half-yearly to Rs 4.29 billion, Jubilee Life Insurance Company Limited (JLICL) disclosed net profits of Rs 1.4 billion during 1HCY20.
The Index traded in a range of 366.60 points or 0.91 percent of the previous close, showing an intraday high of 40,427.90 and a low of 40,061.30.
Of the 92 traded companies in the KSE100 Index, 37 closed up 55 closed down, while 0 remained unchanged. The total volume traded for the index was 248.94 million shares.
Sector-wise, the index was let down by Cement with 23 points, Technology & Communication with 22 points, Automobile Assembler with 20 points, Power Generation & Distribution with 19 points and Commercial Banks with 19 points.
The most points taken off the index was by TRG which stripped the index of 22 points followed by HUBC with 20 points, INDU with 9 points, DGKC with 9 points and SHFA with 8 points.
Sectors propping up the index were Fertilizer with 60 points, Oil & Gas Exploration Companies with 38 points, Oil & Gas Marketing Companies with 10 points, Tobacco with 4 points and Insurance with 4 points.
The most points added to the index was by ENGRO which contributed 38 points followed by POL with 17 points, EFERT with 14 points, OGDC with 9 points and FFC with 9 points.
All Share Volume decreased by 31.60 Million to 427.20 Million Shares. Market Cap decreased by Rs.3.45 Billion.
Total companies traded were 400 compared to 400 from the previous session. Of the scrips traded 157 closed up, 223 closed down while 20 remained unchanged.
Total trades decreased by 11,098 to 149,481.
Value Traded decreased by 2.15 Billion to Rs.18.58 Billion
| Company | Volume |
|---|---|
| Pakistan International Bulk Terminal | 26,242,500 |
| TRG Pakistan | 22,655,500 |
| Power Cement (R) | 20,205,500 |
| Pakistan Refinery | 18,809,500 |
| Power Cement | 18,744,000 |
| Un ity Food(R) | 17,528,500 |
| Hascol Petroleum | 15,576,000 |
| Sui Northern Gas Pipelines | 13,428,500 |
| Maple Leaf Cement Factory | 12,061,500 |
| D.G. Khan Cement Company | 12,049,000 |
| Sector | Volume |
|---|---|
| Cement | 75,583,157 |
| Technology & Communication | 54,685,700 |
| Oil & Gas Marketing Companies | 40,400,863 |
| Refinery | 31,713,900 |
| Commercial Banks | 29,385,844 |
| Vanaspati & Allied Industries | 29,324,300 |
| Transport | 26,662,300 |
| Power Generation & Distribution | 24,641,736 |
| Engineering | 17,847,800 |
| Miscellaneous | 17,013,300 |
Copyright Mettis Link News
36421
