November 25, 2020 (MLN): Pakistan’s stock market continued its upward drive as rally in oil stocks owing to rising international oil prices on improved global economic outlook and vaccine optimism, prompted a rally in the heavyweight E&P sector and pushed the benchmark KSE-100 index up by 514 points (1.29%) to settle at 40,377 points level on Wednesday.
Market largely remained in positive zone as investors were more optimistic at these levels. Furthermore, positive development on the circular debt issue hovering on the oil sector further supported the market towards the end of the trading session, particularly in the oil stocks. As benchmark index marched upward, the market completely ignored the future rollover factor coupled with the concerns over rising covid-19 cases today, a market closing note by Aba Ali Habib Securities stated.
The Index remained positive throughout the session touching an intraday high of 40,431.56
Of the 94 traded companies in the KSE100 Index 58 closed up 34 closed down, while 2 remained unchanged. Total volume traded for the index was 142.91 million shares.
Sectors propping up the index were Oil & Gas Exploration Companies with 280 points, Commercial Banks with 93 points, Technology & Communication with 78 points, Oil & Gas Marketing Companies with 31 points and Fertilizer with 25 points.
The most points added to the index was by PPL which contributed 93 points followed by OGDC with 90 points, POL with 68 points, SYS with 41 points and TRG with 34 points.
Sector wise, the index was let down by Cement with 39 points, Power Generation & Distribution with 15 points, Vanaspati & Allied Industries with 4 points, Food & Personal Care Products with 3 points and Insurance with 2 points.
The most points taken off the index was by HUBC which stripped the index of 23 points followed by LUCK with 17 points, FCCL with 9 points, EFERT with 8 points and ABOT with 6 points.
All Share Volume increased by 67.23 Million to 241.95 Million Shares. Market Cap increased by Rs.103.20 Billion.
Total companies traded were 378 compared to 377 from the previous session. Of the scrips traded 227 closed up, 134 closed down while 17 remained unchanged.
Total trades increased by 15,249 to 95,641.
Value Traded increased by 3.04 Billion to Rs.9.83 Billion
| Company | Volume |
|---|---|
| Fauji Fert.Bin(R) | 28,573,000 |
| TRG Pakistan | 21,158,000 |
| Unity Foods | 20,846,000 |
| Hascol Petroleum | 13,277,495 |
| Fauji Fertilizer Bin Qasim | 7,941,500 |
| Oil & Gas Development Company | 7,659,750 |
| Maple Leaf Cement Factory | 7,564,848 |
| K-Electric | 6,781,500 |
| Hum Network | 6,771,000 |
| Lotte Chemical Pakistan | 6,245,000 |
| Sector | Volume |
|---|---|
| Technology & Communication | 44,999,800 |
| Fertilizer | 38,250,056 |
| Vanaspati & Allied Industries | 20,856,100 |
| Oil & Gas Marketing Companies | 18,713,185 |
| Cement | 18,469,147 |
| Oil & Gas Exploration Companies | 14,994,635 |
| Commercial Banks | 12,165,579 |
| Power Generation & Distribution | 11,172,444 |
| Chemical | 11,069,540 |
| Engineering | 10,085,500 |
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