March 10, 2020 (MLN): After yesterday’s thrashing performance amid crashing oil prices and fear of an outbreak of coronavirus, capital markets showed a solid rebound today, following the pattern in stock markets across the globe to support the economic impact of coronavirus and helped investors overcome panic.
Besides this, some clarity at macro front fueled investors’ sentiment since the recent drop in oil prices set the stage for expected ease in inflation in upcoming months coupled with early monetary easing as per Aba Ali Habib research.
The KSE-100 Index gained nearly 636 points and settled at 37695 level, i.e. 1.72% higher than the yesterday’s close.
The Index traded in a range of 874.83 points or 2.36 percent of the previous close, showing an intraday high of 37,704.13 and a low of 36,829.30.
Of the 91 traded companies in the KSE100 Index, 66 closed up 22 closed down, while 3 remained unchanged. Total volume traded for the index was 225.94 million shares.
Sectors propping up the index were Commercial Banks with 353 points, Fertilizer with 112 points, Oil & Gas Marketing Companies with 93 points, Chemical with 39 points and Pharmaceuticals with 32 points.
The most points added to the index was by HBL which contributed 101 points followed by BAHL with 64 points, MCB with 60 points, PSO with 50 points and ENGRO with 45 points.
Sector wise, the index was let down by Oil & Gas Exploration Companies with 152 points, Leather & Tanneries with 3 points, Engineering with 3 points, Close – End Mutual Fund with 3 points and Automobile Parts & Accessories with 2 points.
The most points taken off the index was by PPL which stripped the index of 85 points followed by POL with 61 points, OGDC with 36 points, LUCK with 19 points and HMB with 8 points.
All Share Volume decreased by 33.48 Million to 274.48 Million Shares. Market Cap increased by Rs.76.18 Billion.
Total companies traded were 358 compared to 360 from the previous session. Of the scrips traded 225 closed up, 114 closed down while 19 remained unchanged.
Total trades increased by 28,529 to 113,296.
Value Traded increased by 5.25 Billion to Rs.16.73 Billion
| Company | Volume |
|---|---|
| Maple Leaf Cement Factory | 27,881,000 |
| Pakistan Petroleum | 23,618,400 |
| Fauji Cement Company | 16,094,000 |
| Oil & Gas Development Company | 15,543,000 |
| K-Electric | 14,896,000 |
| Pioneer Cement | 12,333,000 |
| D.G. Khan Cement Company | 8,904,000 |
| The Bank of Punjab | 8,242,500 |
| Unity Foods | 7,172,000 |
| Hascol Petroleum | 6,757,000 |
| Sector | Volume |
|---|---|
| Cement | 86,239,500 |
| Oil & Gas Exploration Companies | 43,565,260 |
| Commercial Banks | 28,861,600 |
| Power Generation & Distribution | 20,719,000 |
| Oil & Gas Marketing Companies | 12,563,400 |
| Engineering | 12,430,800 |
| Technology & Communication | 10,239,300 |
| Chemical | 8,334,770 |
| Vanaspati & Allied Industries | 7,177,500 |
| Cable & Electrical Goods | 5,929,300 |
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