April 09, 2020 (MLN): The capital markets witnessed strong gains on Thursday, racking up 866 points in line with global equity markets while news of IMF to disburse an additional $1.43 billion to Pakistan to support the economic impact of COVID-19 improved investors’ sentiments.
Moreover, the hopes that the talk between OPEC and its allies for output cut and decline in T-Bills yields in yesterday’s auction remained the key upside triggers for the market.
The KSE-100 index closed at 31,837-mark i.e. 2.80% higher than the previous closing.
The Index remained positive throughout the session touching an intraday high of 32,009.88
Of the 97 traded companies in the KSE100 Index, 84 closed up 11 closed down, while 2 remained unchanged. The total volume traded for the index was 172.68 million shares.
Sectors propping up the index were Commercial Banks with 201 points, Oil & Gas Exploration Companies with 150 points, Fertilizer with 102 points, Cement with 94 points and Oil & Gas Marketing Companies with 67 points.
The most points added to the index were by PPL which contributed 52 points followed by FFC with 49 points, OGDC with 45 points, UBL with 45 points and PSO with 40 points.
Sector-wise, the index was let down by Tobacco with 11 points, Close - End Mutual Fund with 3 points and Sugar & Allied Industries with 1 point.
The most points taken off the index were by PAKT which stripped the index of 11 points followed by COLG with 3 points, HGFA with 3 points, GLAXO with 2 points and JDWS with 1 point.
All Share Volume increased by 35.51 Million to 216.51 Million Shares. Market Cap increased by Rs.120.58 Billion.
Total companies traded were 352 compared to 333 from the previous session. Of the scrips traded 276 closed up, 57 closed down while 19 remained unchanged.
Total trades increased by 13,738 to 90,962.
Value Traded increased by 2.65 Billion to Rs.8.55 Billion
| Company | Volume |
|---|
Top Ten by Volume
| Maple Leaf Cement Factory | 21,403,000 |
| Hascol Petroleum | 21,109,000 |
| Unity Foods | 12,418,000 |
| K-Electric | 11,128,500 |
| Pioneer Cement | 9,279,000 |
| Fauji Cement Company | 8,546,500 |
| Pak Elektron | 7,922,000 |
| The Bank of Punjab | 6,465,500 |
| Kohat Cement Company | 5,868,000 |
| Oil & Gas Development Company | 5,564,474 |
| Sector | Volume |
|---|
Top Sector by Volume
| Cement | 61,257,391 |
| Oil & Gas Marketing Companies | 27,291,225 |
| Commercial Banks | 16,650,132 |
| Technology & Communication | 14,677,100 |
| Power Generation & Distribution | 14,676,287 |
| Vanaspati & Allied Industries | 12,418,200 |
| Oil & Gas Exploration Companies | 10,180,037 |
| Cable & Electrical Goods | 8,045,300 |
| Food & Personal Care Products | 6,871,150 |
| Engineering | 6,701,900 |
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