January 08, 2020 (MLN): Pakistani equities enjoyed gains on Friday as the KSE-100 index surged over 300 points on an account of excessive buying across the board. The driving force behind market movements was the rise in leading macro indicators such as growth in exports and a steady increase in SBP forex reserves that boosted investors’ confidence.
However, the market reaction to the massive wave of protests over the Quetta incident was muted, with the benchmark KSE-100 Index advancing 309.80 points and closed the trading at 45,654.34 i.e. up by 0.68% compared to yesterday’s close.
The index gained 1,219 points or 2.74 percent during the week compared to the previous week's closing.
Since the start of the New Year, the index return has been 4.34 % or 1,898 points.
The Index remained positive throughout the session touching an intraday high of 45,915.83
Of the 95 traded companies in the KSE100 Index 56 closed up 36 closed down, while 3 remained unchanged. Total volume traded for the index was 457.58 million shares.
Sectors propping up the index were Commercial Banks with 161 points, Engineering with 24 points, Oil & Gas Exploration Companies with 21 points, Textile Composite with 21 points and Fertilizer with 21 points.
The most points added to the index was by UBL which contributed 49 points followed by MCB with 38 points, OGDC with 26 points, BAHL with 25 points and HBL with 21 points.
Sector wise, the index was let down by Oil & Gas Marketing Companies with 16 points, Cement with 7 points, Vanaspati & Allied Industries with 5 points, Synthetic & Rayon with 2 points and Automobile Parts & Accessories with 1 points.
The most points taken off the index was by FFC which stripped the index of 17 points followed by PSO with 15 points, MARI with 11 points, KOHC with 6 points and UNITY with 5 points.
All Share Volume increased by 55.00 Million to 696.43 Million Shares. Market Cap increased by Rs.61.80 Billion.
Total companies traded were 416 compared to 407 from the previous session. Of the scrips traded 222 closed up, 171 closed down while 23 remained unchanged.
Total trades decreased by 27,465 to 167,794.
Value Traded decreased by 3.88 Billion to Rs.21.64 Billion
| Company | Volume |
|---|---|
| Byco Petroleum Pakistan | 163,810,500 |
| Hum Network | 44,943,500 |
| Pakistan Refinery | 38,005,500 |
| K-Electric | 37,178,500 |
| Lotte Chemical Pakistan | 25,398,500 |
| The Bank of Punjab | 20,623,000 |
| Fauji Fertilizer Bin Qasim | 20,496,500 |
| Power Cement | 19,872,500 |
| Pak Elektron | 17,535,000 |
| Azgard Nine | 15,172,500 |
| Sector | Volume |
|---|---|
| Refinery | 205,635,100 |
| Commercial Banks | 95,478,502 |
| Technology & Communication | 79,171,100 |
| Power Generation & Distribution | 55,929,290 |
| Chemical | 36,634,790 |
| Cement | 36,056,770 |
| Engineering | 28,975,802 |
| Textile Composite | 26,730,230 |
| Fertilizer | 26,093,181 |
| Cable & Electrical Goods | 20,014,050 |
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