August 6, 2020 (MLN): Today, the benchmark KSE-100 Index crossed the much-awaited psychological level of 40,000 mark. Another day of bullish trend at Pakistan Stock Exchange, brought the KSE-100 index to 40,166 points (a highest level since February 21, 2020), a rise of 283 points or 0.71 percent.
According to the market closing note by Ismail Iqbal Securities, today Pakistan equities also witnessed historic volumes of 826 million, up by 64% DoD which is highest since Sept 2016, mainly due to increased volume in WorldCall Telecom Ltd which captured 29% of KSE-ALL volumes after ARY Communications Ltd submitted an intention to acquire 51% of issued and paid-up share capital.
Furthermore, the total traded value clocked in at Rs 24 billion which was the highest since January 1, 2017.
Besides this, several announcements made by the companies throughout the day also forced the index to stay in green, some of which include, expansion plan of setting up another glass melting furnace for tube in view of an increased demand by Ghani Global Glass Limited, UBL posted an increase in its half-yearly profits by 17% YoY on higher NII despite hefty provisions and the announcement made by Avanceon that it has secured a contract worth Rs 30 million to provide a comprehensive Building Management solution for the new Business Hub building by DHA Lahore.
The Index remained positive throughout the session touching an intraday high of 40,426.17
Of the 96 traded companies in the KSE100 Index 58 closed up 38 closed down, while 0 remained unchanged. Total volume traded for the index was 335.06 million shares.
Sectors propping up the index were Commercial Banks with 94 points, Technology & Communication with 43 points, Oil & Gas Exploration Companies with 42 points, Cement with 35 points and Automobile Assembler with 24 points.
The most points added to the index was by MCB which contributed 65 points followed by TRG with 39 points, NBP with 22 points, POL with 20 points and KEL with 17 points.
Sector wise, the index was let down by Miscellaneous with 3 points, Leather & Tanneries with 2 points, Automobile Parts & Accessories with 2 points, Vanaspati & Allied Industries with 1 points and Pharmaceuticals with 1 points.
The most points taken off the index was by ENGRO which stripped the index of 16 points followed by HUBC with 14 points, UBL with 9 points, ABL with 8 points and NML with 7 points.
All Share Volume increased by 324.86 Million to 826.81 Million Shares. Market Cap increased by Rs.63.77 Billion.
Total companies traded were 415 compared to 405 from the previous session. Of the scrips traded 234 closed up, 166 closed down while 15 remained unchanged.
Total trades increased by 31,320 to 195,491.
Value Traded increased by 2.06 Billion to Rs.24.34 Billion
| Company | Volume |
|---|
Top Ten by Volume
| Worldcall Telecom | 242,817,000 |
| Power Cement | 45,339,000 |
| Maple Leaf Cement Factory | 38,472,000 |
| K-Electric | 37,758,000 |
| TRG Pakistan | 30,494,500 |
| Aisha Steel Mills | 25,053,500 |
| Pakistan International Bulk Terminal | 22,446,500 |
| The Bank of Punjab | 20,090,500 |
| Pak Elektron | 15,898,500 |
| Fauji Cement Company | 14,949,500 |
| Sector | Volume |
|---|
Top Sector by Volume
| Technology & Communication | 303,277,800 |
| Cement | 141,419,263 |
| Engineering | 52,061,400 |
| Commercial Banks | 50,570,439 |
| Power Generation & Distribution | 46,374,508 |
| Food & Personal Care Products | 23,762,210 |
| Transport | 23,523,100 |
| Refinery | 21,695,600 |
| Oil & Gas Marketing Companies | 20,302,943 |
| Inv. Banks / Inv. Cos. / Securities Cos. | 19,731,100 |
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