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PSX Closing Bell: Beware of Brits bearing gifts

December 29, 2020 (MNL): The KSE-100 index ended the trading session on Tuesday by losing 392 points and closing at 43,282 points. The market initially opened on a welcoming note with the benchmark index recording a high of 0.54% in the intraday session.

However, profit taking was witnessed at high levels as well as the approaching year end while reports of the UK strain of the coronavirus being detected in Pakistan further dampened investor sentiment.

The Index traded in a range of 702.14 points or 1.61 percent of previous close, showing an intraday high of 43,909.86 and a low of 43,207.72.

Of the 96 traded companies in the KSE100 Index 31 closed up 63 closed down, while 2 remained unchanged. Total volume traded for the index was 297.89 million shares.

Sector wise, the index was let down by Commercial Banks with 119 points, Oil & Gas Exploration Companies with 89 points, Cement with 61 points, Power Generation & Distribution with 42 points and Fertilizer with 40 points.

The most points taken off the index was by HBL which stripped the index of 51 points followed by UBL with 47 points, HUBC with 38 points, MCB with 35 points and POL with 30 points.

Sectors propping up the index were Food & Personal Care Products with 13 points, Vanaspati & Allied Industries with 13 points, Cable & Electrical Goods with 5 points, Textile Composite with 3 points and Refinery with 3 points.

The most points added to the index was by MEBL which contributed 16 points followed by SEARL with 13 points, UNITY with 13 points, MUREB with 9 points and AKBL with 8 points.

All Share Volume increased by 39.71 Million to 503.12 Million Shares. Market Cap decreased by Rs.46.39 Billion.

Total companies traded were 400 compared to 398 from the previous session. Of the scrips traded 140 closed up, 241 closed down while 19 remained unchanged.

Total trades increased by 18,870 to 168,561.

Value Traded increased by 2.07 Billion to Rs.20.96 Billion

Company Volume

Top Ten by Volume

Unity Foods 41,327,000
K-Electric 38,148,000
Pakistan Refinery 32,048,500
TRG Pakistan 29,301,500
Pak Elektron 26,207,500
Worldcall Telecom 18,239,000
Byco Petroleum Pakistan 17,326,500
Aisha Steel Mills 13,206,000
Pakistan International Bulk Terminal 12,820,500
Hascol Petroleum 11,774,469


Sector Volume

Top Sector by Volume

Technology & Communication 64,540,200
Refinery 56,630,900
Power Generation & Distribution 45,964,850
Vanaspati & Allied Industries 41,328,000
Commercial Banks 40,784,869
Cable & Electrical Goods 27,114,800
Engineering 24,106,900
Food & Personal Care Products 23,425,390
Cement 23,103,032
Chemical 22,260,100



Copyright Mettis Link News


Posted on: 2020-12-29T21:10:00+05:00


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