Sep 19, 2019 (MNL): The Pakistan Stock Exchange witnessed bullish trend today as the decline in yield in yesterday’s PIB auction generated positive sentiments among investors.
The cut-off yields in all tenors declined drastically by approximately 100bps on average, taking yields for PIBs below the current policy rate. Moreover, expectations regarding further PIB rate cut also boosted stock prices.
The Benchmark KSE-100 index ended the trading session with a gain of 628 point or 1.99 percent and closed at 32,184 level.
The Index traded in a range of 760.29 points or 2.41 percent of previous close, showing an intraday high of 32,235.29 and a low of 31,475.00.
Of the 92 traded companies in the KSE100 Index 79 closed up 6 closed down, while 7 remained unchanged. Total volume traded for the index was 110.10 million shares.
Sectors propping up the index were Fertilizer with 129 points, Commercial Banks with 86 points, Power Generation & Distribution with 82 points, Oil & Gas Exploration Companies with 74 points and Cement with 53 points.
The most points added to the index was by ENGRO which contributed 81 points followed by HUBC with 70 points, LUCK with 36 points, PPL with 35 points and HBL with 32 points.
Sector wise, the index was let down by
The most points taken off the index was by FABL which stripped the index of 3 points followed by AKBL with 1 point, ICI with 1 point, LOTCHEM with 1 point and BWCL with 1 point.
All Share Volume increased by 37.20 Million to 136.57 Million Shares. Market Cap increased by Rs.81.59 Billion.
Total companies traded were 357 compared to 356 from the previous session. Of the scrips traded 263 closed up, 72 closed down while 22 remained unchanged.
Total trades increased by 9,901 to 57,017.
Value Traded increased by 1.92 Billion to Rs.5.89 Billion
| Company | Volume |
|---|
Top Ten by Volume
| Lotte Chemical Pakistan | 15,508,500 |
| Pakistan International Bulk Terminal | 7,995,000 |
| TRG Pakistan | 7,783,500 |
| Maple Leaf Cement Factory | 7,385,500 |
| K-Electric | 7,027,000 |
| Worldcall Telecom | 6,661,500 |
| Pak Elektron | 6,420,000 |
| International Steels | 4,775,500 |
| Oil & Gas Development Company | 3,853,000 |
| Pakistan State Oil Company | 3,095,400 |
| Sector | Volume |
|---|
Top Sector by Volume
| Chemical | 19,290,750 |
| Technology & Communication | 16,159,500 |
| Cement | 14,401,400 |
| Power Generation & Distribution | 10,772,500 |
| Transport | 8,663,000 |
| Oil & Gas Marketing Companies | 8,556,000 |
| Engineering | 8,380,100 |
| Commercial Banks | 8,227,100 |
| Oil & Gas Exploration Companies | 6,727,020 |
| Cable & Electrical Goods | 6,502,450 |
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