October 22, 2020 (MLN): The stock market saw profit booking on Thursday that dragged the KSE-100 index down by 337 points (0.81 per cent) to close at 41,199 points.
According to the report by Aba Ali Habib Securities, the bearish run was backed by the volatility in international oil prices which has spillover effect on local bourse. Moreover, FATF’s plenary session has kick-started and Pakistan’s case will be taken up by tomorrow which created ambiguity among investors.
Furthermore, investors sentiments were also impacted by warning issued by National Command and Operations Centre (NCOC) to impose lockdown again, another report by Ismail Iqbal Securities cited.
Besides, during the session, FABL, Askari Bank, EFUG and NATF announced their financial results amid ongoing earnings season which also effected investors’ sentiments for today.
The Index traded in a range of 728.57 points or 1.75 percent of previous close, showing an intraday high of 41,816.95 and a low of 41,088.38.
Of the 95 traded companies in the KSE100 Index 24 closed up 66 closed down, while 5 remained unchanged. Total volume traded for the index was 348.08 million shares.
Sector wise, the index was let down by Oil & Gas Exploration Companies with 110 points, Power Generation & Distribution with 85 points, Oil & Gas Marketing Companies with 38 points, Pharmaceuticals with 22 points and Technology & Communication with 19 points.
The most points taken off the index was by HUBC which stripped the index of 71 points followed by OGDC with 40 points, PPL with 33 points, POL with 20 points and MEBL with 20 points.
Sectors propping up the index were Cement with 19 points, Commercial Banks with 10 points, Vanaspati & Allied Industries with 9 points, Automobile Assembler with 6 points and Synthetic & Rayon with 2 points.
The most points added to the index was by BAHL which contributed 74 points followed by HMB with 17 points, MLCF with 15 points, MTL with 10 points and FFC with 10 points.
All Share Volume decreased by 161.18 Million to 500.10 Million Shares. Market Cap decreased by Rs.62.15 Billion.
Total companies traded were 408 compared to 424 from the previous session. Of the scrips traded 124 closed up, 261 closed down while 23 remained unchanged.
Total trades decreased by 34,657 to 154,614.
Value Traded decreased by 4.57 Billion to Rs.17.30 Billion
| Company | Volume |
|---|
Top Ten by Volume
| Unity Foods | 61,308,000 |
| Pakistan International Bulk Terminal | 56,291,500 |
| Maple Leaf Cement Factory | 44,538,338 |
| Hascol Petroleum | 43,097,344 |
| TRG Pakistan | 23,461,500 |
| Fauji Foods | 15,029,000 |
| Pakistan Refinery | 14,810,000 |
| Aisha Steel Mills | 14,683,000 |
| Pak Elektron | 13,479,000 |
| Hum Network | 9,559,000 |
| Sector | Volume |
|---|
Top Sector by Volume
| Cement | 73,596,481 |
| Vanaspati & Allied Industries | 61,310,300 |
| Transport | 57,005,500 |
| Oil & Gas Marketing Companies | 45,267,822 |
| Technology & Communication | 43,971,900 |
| Commercial Banks | 35,648,393 |
| Engineering | 30,862,000 |
| Food & Personal Care Products | 24,969,350 |
| Refinery | 23,177,400 |
| Chemical | 20,443,250 |
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