July 3, 2020 (MLN): Domestic equities remained range-bound today, after dithering between red and green zone, ultimately fell into bull’s territory with a gain of just 73 points and closed the week at 35,051 points mark. This was 0.2% higher compared to yesterday’s closing.
Over the week, KSE-100 index gained 1,111 points, translating into a WoW increase of 3.3%, despite the terrorist attack at Pakistan Stock Exchange building.
Potential triggers of this optimism were likely clarity over foreign exchange reserve buffer, muted political noise, and smooth approval of federal budget without much resistance, a report by BMA capital mentioned.
Speaking of today’s session, the Index traded in a range of 186.84 points or 0.53 percent of previous close, showing an intraday high of 35,105.16 and a low of 34,918.32.
Of the 90 traded companies in the KSE100 Index 42 closed up 44 closed down, while 4 remained unchanged. Total volume traded for the index was 108.99 million shares.
Sectors propping up the index were Pharmaceuticals with 34 points, Commercial Banks with 32 points, Fertilizer with 28 points, Technology & Communication with 16 points and Insurance with 7 points.
The most points added to the index was by FFC which contributed 24 points followed by SEARL with 23 points, TRG with 21 points, UBL with 21 points and BAFL with 15 points.
Sector wise, the index was let down by Cement with 33 points, Power Generation & Distribution with 13 points, Oil & Gas Marketing Companies with 13 points, Chemical with 2 points and Sugar & Allied Industries with 2 points.
The most points taken off the index was by LUCK which stripped the index of 16 points followed by HUBC with 12 points, OGDC with 9 points, MCB with 8 points and PSO with 7 points.
All Share Volume decreased by 207.32 Million to 175.76 Million Shares. Market Cap increased by Rs.10.43 Billion.
Total companies traded were 346 compared to 381 from the previous session. Of the scrips traded 155 closed up, 172 closed down while 19 remained unchanged.
Total trades decreased by 54,527 to 67,947.
Value Traded decreased by 5.76 Billion to Rs.6.74 Billion
| Company | Volume |
|---|
Top Ten by Volume
| TRG Pakistan | 23,306,000 |
| Jahangir Siddiqui & Co. Ltd. | 12,745,000 |
| Hum Network | 9,117,500 |
| Worldcall Telecom | 8,769,500 |
| Pakistan Telecommunication Company Ltd | 8,320,000 |
| Unity Foods | 8,058,500 |
| Maple Leaf Cement Factory | 7,598,000 |
| K-Electric | 7,531,500 |
| The Searle Company | 6,261,400 |
| Pak Elektron | 5,204,500 |
| Sector | Volume |
|---|
Top Sector by Volume
| Technology & Communication | 51,784,600 |
| Inv. Banks / Inv. Cos. / Securities Cos. | 14,822,900 |
| Cement | 13,871,230 |
| Commercial Banks | 13,113,855 |
| Power Generation & Distribution | 9,606,710 |
| Pharmaceuticals | 9,256,050 |
| Vanaspati & Allied Industries | 8,068,100 |
| Food & Personal Care Products | 7,975,500 |
| Chemical | 7,120,680 |
| Engineering | 6,351,700 |
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