December 23, 2020 (MLN): The KSE-100 index ended the trading session on Wednesday with a 180.76 point or 0.42 percent gain to close at 43,087.70. Having experienced bearish sentiments in the previous sessions, the market finally saw some positivity on account of positive trade figures and fertilizer numbers.
According to Aba Ali Habib Securities, ‘KSE-100 index gained for the first time during the week, hitting breaks on three-day losing streak as international oil prices take breather after new Covid strain consternation. Bourse gained 180.76 points on Wednesday, after losing over 859 points in past three sessions, consolidating the day’s session at 43,087.70 points. Positive trend in stocks mainly stemmed from price hike in local steel prices, recovery in international oil prices and expectation of pumped-up payouts in banks’ annual results’.
The Index traded in a range of 361.14 points or 0.84 percent of previous close, showing an intraday high of 43,214.37 and a low of 42,853.23.
Of the 96 traded companies in the KSE100 Index 62 closed up 32 closed down, while 2 remained unchanged. Total volume traded for the index was 164.65 million shares.
Sectors propping up the index were Cement with 81 points, Automobile Assembler with 19 points, Engineering with 18 points, Commercial Banks with 17 points and Insurance with 17 points.
The most points added to the index was by MLCF which contributed 21 points followed by HBL with 20 points, LUCK with 18 points, ENGRO with 18 points and CHCC with 13 points.
Sector wise, the index was let down by Textile Composite with 19 points, Oil & Gas Exploration Companies with 13 points, Automobile Parts & Accessories with 6 points, Pharmaceuticals with 4 points and Inv. Banks / Inv. Cos. / Securities Cos. with 2 points.
The most points taken off the index was by MARI which stripped the index of 17 points followed by KTML with 10 points, POL with 10 points, FFC with 10 points and MEBL with 9 points.
All Share Volume decreased by 182.92 Million to 378.94 Million Shares. Market Cap increased by Rs.12.90 Billion.
Total companies traded were 387 compared to 411 from the previous session. Of the scrips traded 231 closed up, 136 closed down while 20 remained unchanged.
Total trades decreased by 33,914 to 151,266.
Value Traded decreased by 4.90 Billion to Rs.17.73 Billion
| Company | Volume |
|---|---|
| Pakistan Refinery | 26,978,500 |
| Maple Leaf Cement Factory | 17,667,064 |
| TRG Pakistan | 16,221,500 |
| Invest Capital Investment Bank | 16,092,000 |
| Unity Foods | 14,202,000 |
| Ghani Global(R) | 13,257,500 |
| Fauji Foods | 11,124,000 |
| Avanceon | 10,474,500 |
| Pakistan International Bulk Terminal | 10,367,000 |
| NetSol Technologies | 10,140,500 |
| Sector | Volume |
|---|---|
| Technology & Communication | 58,103,000 |
| Refinery | 41,461,100 |
| Cement | 34,895,649 |
| Chemical | 30,963,000 |
| Inv. Banks / Inv. Cos. / Securities Cos. | 23,459,415 |
| Commercial Banks | 21,322,646 |
| Engineering | 18,250,800 |
| Textile Spinning | 17,126,150 |
| Oil & Gas Marketing Companies | 16,766,116 |
| Food & Personal Care Products | 16,062,790 |
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