June 1, 2020 (MLN): After depicting relatively depressing performances from the past few sessions, the KSE-100 gained some pulse to start the new month, as it accumulated 90 points in today’s session and closed at 34,022 level, i.e. around 0.27% higher than the previous session’s close.
The trading remained range bound throughout the session. The sentiments within the market saw a boost after the PBS released inflation numbers as per which May’20 inflation settled at 8.2% in line with the expectations.
However, according to Aba Ali Habib Securities, the investors remained cautious at this level primarily due to ongoing NCC meeting that will decide fate of lockdown, furthermore, the pre-budget uncertainty drove investors sentiments throughout the trading session.
The Index traded in a range of 241.85 points or 0.71 percent of previous close, showing an intraday high of 34,061.92 and a low of 33,820.07.
Of the 94 traded companies in the KSE100 Index 38 closed up 56 closed down, while 0 remained unchanged. Total volume traded for the index was 124.14 million shares.
Sectors propping up the index were Commercial Banks with 169 points, Oil & Gas Exploration Companies with 52 points, Pharmaceuticals with 6 points, Cable & Electrical Goods with 6 points and Glass & Ceramics with 2 points.
The most points added to the index was by MCB which contributed 56 points followed by UBL with 37 points, OGDC with 35 points, HBL with 27 points and BAHL with 25 points.
Sector wise, the index was let down by Cement with 41 points, Power Generation & Distribution with 20 points, Insurance with 18 points, Inv. Banks / Inv. Cos. / Securities Cos. with 18 points and Food & Personal Care Products with 12 points.
The most points taken off the index was by HUBC which stripped the index of 21 points followed by LUCK with 18 points, DAWH with 14 points, NESTLE with 12 points and MARI with 12 points.
All Share Volume decreased by 34.93 Million to 198.10 Million Shares. Market Cap increased by Rs.8.25 Billion.
Total companies traded were 354 compared to 341 from the previous session. Of the scrips traded 141 closed up, 195 closed down while 18 remained unchanged.
Total trades decreased by 1,883 to 85,647.
Value Traded decreased by 2.93 Billion to Rs.7.26 Billion
| Company | Volume |
|---|
Top Ten by Volume
| Pak Elektron | 22,743,000 |
| Unity Foods | 14,232,500 |
| Fauji Foods | 11,381,500 |
| TRG Pakistan | 10,321,500 |
| Jahangir Siddiqui & Co. Ltd. | 10,260,500 |
| Hascol Petroleum | 8,909,000 |
| Hum Network | 7,408,000 |
| Maple Leaf Cement Factory | 5,963,000 |
| Siddiqsons Tin Plate | 4,668,500 |
| Oil & Gas Development Company | 4,021,658 |
| Sector | Volume |
|---|
Top Sector by Volume
| Technology & Communication | 24,650,700 |
| Cable & Electrical Goods | 23,508,700 |
| Commercial Banks | 16,761,155 |
| Food & Personal Care Products | 15,514,080 |
| Cement | 15,122,759 |
| Inv. Banks / Inv. Cos. / Securities Cos. | 14,364,500 |
| Vanaspati & Allied Industries | 14,232,500 |
| Oil & Gas Marketing Companies | 13,087,746 |
| Oil & Gas Exploration Companies | 7,342,333 |
| Power Generation & Distribution | 7,295,285 |
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