PSX Closing Bell: In the Light…

December 2, 2020 (MLN): The domestic equities sustained positive momentum on Wednesday and extended its gains by further adding 362 points to the benchmark KSE-100 index and closed the session on 42,027 points marks.

The index remained positive throughout the session today, touching an intraday high of 42,072 points as cabinet approved USD150 million for Covid-19 vaccine and expects the first phase to start in early 2021 which geared up investors' sentiments, market closing report by Ismail Iqbal Securities highlighted.

In addition to this, investors also cherished the slowdown in November’s CPI inflation to 8.35%YoY and 0.82% MoM, compared to 8.91% YoY and 1.7% MoM in the previous month.

Of the 95 traded companies in the KSE100 Index 66 closed up 26 closed down, while 3 remained unchanged. Total volume traded for the index was 280.96 million shares.

Sectors propping up the index were Automobile Assembler with 75 points, Commercial Banks with 57 points, Technology & Communication with 38 points, Cement with 34 points and Power Generation & Distribution with 31 points.

The most points added to the index was by BAHL which contributed 42 points followed by TRG with 41 points, MTL with 40 points, HUBC with 24 points and LUCK with 23 points.

Sector wise, the index was let down by Paper & Board with 5 points, Vanaspati & Allied Industries with 3 points, Insurance with 1 points, Oil & Gas Exploration Companies with 1 points and Leather & Tanneries with 1 points.

The most points taken off the index was by PPL which stripped the index of 13 points followed by PKGS with 5 points, HBL with 4 points, EFUG with 3 points and KTML with 3 points.

All Share Volume decreased by 12.76 Million to 476.87 Million Shares. Market Cap increased by Rs.53.17 Billion.

Total companies traded were 403 compared to 393 from the previous session. Of the scrips traded 242 closed up, 125 closed down while 36 remained unchanged.

Total trades increased by 10,510 to 160,645.

Value Traded increased by 0.92 Billion to Rs.20.41 Billion

CompanyVolume

Top Ten by Volume

Unity Foods39,756,000
TRG Pakistan38,584,000
Pakistan Refinery34,602,000
Maple Leaf Cement Factory31,559,029
Hum Network25,599,500
Hascol Petroleum24,702,639
Pakistan International Bulk Terminal18,689,000
Aisha Steel Mills13,214,000
Fauji Fert.Bin(R)11,290,000
Fauji Fertilizer Bin Qasim11,060,500

 

SectorVolume

Top Sector by Volume

Technology & Communication85,360,800
Cement48,995,706
Refinery48,014,000
Vanaspati & Allied Industries39,791,300
Oil & Gas Marketing Companies36,508,122
Engineering34,781,500
Fertilizer26,709,157
Chemical20,414,610
Commercial Banks20,382,234
Transport19,655,100

 

 

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Posted on: 2020-12-02T17:33:00+05:00

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