August 10, 2020 (MLN): The KSE-100 index swung between gains and losses on Monday but landed in a red territory with a loss of 114 points to close the trading session at 39,914-mark on profit booking.
According to market closing note by Ismail Iqbal securities, the capital markets remained volatile despite the end of lockdown in the country while investors chose to book gains after uncertainty on deferred oil facility from Saudi Arabia.
The trading activity was knocked by the political uncertainty spurred after the FM Shah Muhammad Qureshi slammed OIC for not standing up for Kashmir issue, as per Aba Ali Habib’s closing note.
Besides this, the Indus motors company posted a 63% YoY decline in its profits during FY20 which also limited trading and business activity.
The Index traded in a range of 367.74 points or 0.92 percent of previous close, showing an intraday high of 40,192.95 and a low of 39,825.21.
Of the 96 traded companies in the KSE100 Index 34 closed up 58 closed down, while 4 remained unchanged. Total volume traded for the index was 289.98 million shares.
Sector wise, the index was let down by Technology & Communication with 48 points, Cement with 45 points, Oil & Gas Exploration Companies with 40 points, Commercial Banks with 24 points and Insurance with 24 points.
The most points taken off the index was by TRG which stripped the index of 41 points followed by MCB with 19 points, HCAR with 18 points, POL with 16 points and DAWH with 16 points.
Sectors propping up the index were Oil & Gas Marketing Companies with 31 points, Power Generation & Distribution with 28 points, Textile Composite with 25 points, Refinery with 13 points and Tobacco with 8 points.
The most points added to the index was by MTL which contributed 23 points followed by HUBC with 20 points, KTML with 16 points, KAPCO with 14 points and PSO with 13 points.
All Share Volume decreased by 152.22 Million to 576.55 Million Shares. Market Cap decreased by Rs.25.69 Billion.
Total companies traded were 415 compared to 402 from the previous session. Of the scrips traded 118 closed up, 266 closed down while 31 remained unchanged.
Total trades decreased by 20,309 to 164,817.
Value Traded decreased by 5.47 Billion to Rs.17.54 Billion
| Company | Volume |
|---|
Top Ten by Volume
| Unity Food(R) | 81,623,500 |
| Hascol Petroleum | 65,300,500 |
| Worldcall Telecom | 35,836,000 |
| Power Cement (R) | 31,221,000 |
| TRG Pakistan | 28,570,500 |
| Unity Foods | 26,787,000 |
| Pakistan International Bulk Terminal | 20,124,000 |
| Pak Elektron | 19,793,000 |
| Kot Addu Power Company | 15,669,500 |
| K-Electric | 13,515,500 |
| Sector | Volume |
|---|
Top Sector by Volume
| Vanaspati & Allied Industries | 108,410,500 |
| Technology & Communication | 78,904,300 |
| Oil & Gas Marketing Companies | 77,691,025 |
| Cement | 68,405,010 |
| Power Generation & Distribution | 32,878,812 |
| Engineering | 31,988,200 |
| Cable & Electrical Goods | 25,776,400 |
| Commercial Banks | 23,287,486 |
| Refinery | 21,842,000 |
| Transport | 20,832,700 |
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