December 13, 2019 (MLN): The equity market on Friday ended the trading session on a cheerful note as it gained 402 points and closed at 40,916 points level, only 84 points short of touching 41,000 mark.
Throughout the day, bullish momentum continued on account of back to back news on the economic front which invigorated investors’ confidence. These include; an increase in the country’s foreign reserves by 120.7 million to eight months high at $9.23 billion.
In addition, Pakistan has offered Russia to become the strategic partner by acquiring shares of the country’s largest two state-owned oil and gas companies; OGDCL and PPL.
Further, Pakistan Investment Bond (PIB) yields fell once again in Wednesday’s auction, all these events gave investors’ sentiment a boost, which was reflected in today’s session
The Index remained positive throughout the session touching an intraday high of 41,077.83.
Of the 91 traded companies in the KSE100 Index, 63 closed up 25 closed down, while 3 remained unchanged. Total volume traded for the index was 180.34 million shares.
Sectors propping up the index were Oil & Gas Exploration Companies with 168 points, Commercial Banks with 77 points, Oil & Gas Marketing Companies with 55 points, Textile Composite with 28 points and Inv. Banks / Inv. Cos. / Securities Cos. with 14 points.
The most points added to the index was by PPL which contributed 92 points followed by OGDC with 77 points, HBL with 34 points, PSO with 26 points and SNGP with 20 points.
Sector wise, the index was let down by Fertilizer with 11 points, Automobile Parts & Accessories with 5 points and Leasing Companies with 1 point.
The most points taken off the index was by FFC which stripped the index of 9 points followed by THALL with 8 points, ENGRO with 8 points, MLCF with 6 points and MARI with 5 points.
All Share Volume increased by 43.69 Million to 270.71 Million Shares. Market Cap increased by Rs.75.04 Billion.
Total companies traded were 363 compared to 366 from the previous session. Of the scrips traded 227 closed up, 116 closed down while 20 remained unchanged.
Total trades increased by 11,619 to 94,367.
Value Traded increased by 3.26 Billion to Rs.11.67 Billion
| Company | Volume |
|---|
Top Ten by Volume
| Unity Foods | 28,273,000 |
| The Bank of Punjab | 14,831,000 |
| Fauji Foods | 13,577,000 |
| Avanceon | 12,938,000 |
| Oil & Gas Development Company | 10,854,100 |
| Soneri Bank | 9,538,500 |
| Pak Elektron | 9,497,500 |
| Pakistan Petroleum | 8,893,700 |
| Fauji Cement Company | 7,963,500 |
| Maple Leaf Cement Factory | 7,331,000 |
| Sector | Volume |
|---|
Top Sector by Volume
| Commercial Banks | 37,926,700 |
| Vanaspati & Allied Industries | 28,295,000 |
| Technology & Communication | 27,309,500 |
| Cement | 24,284,100 |
| Food & Personal Care Products | 21,332,420 |
| Oil & Gas Exploration Companies | 20,250,000 |
| Oil & Gas Marketing Companies | 18,900,600 |
| Chemical | 15,510,770 |
| Power Generation & Distribution | 12,306,000 |
| Cable & Electrical Goods | 9,663,450 |
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