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PSX Closing Bell: Over the Hills and Far Away

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December 14, 2020 (MLN): Taking cues from the last session, local bourse extended bull run as the benchmark KSE-100 index surged further 795 points to settle the day at 40,266 points.

Meanwhile, it is important to highlight that the index closed at year high, beating the previous value of 43,218 set on January 13, 2020.

The market largely remained in positive zone throughout the trading session with high volumes as lower than expected crowd in PDM rally coupled with delay in long march against the government (as no date was announced) gave investors some breather.

Moreover, the bull run was also backed by positive trend in industrial data and improvement in economic indicators led bourse to close the year on higher levels, Aba Ali Habib Securities in its market closing report highlighted.

Besides, investors also reacted to the announcements made by National Refinery Limited (NRL), in which the company clarified its stance regarding the trading price of its shares, by stating that it is not aware of any reason/material information which may have resulted in substantial increase in share price and which has not been announced previously.

The Index during the session touched an intraday high of 43,321.50

Of the 93 traded companies in the KSE100 Index 82 closed up 10 closed down, while 1 remained unchanged. Total volume traded for the index was 337.64 million shares.

Sectors propping up the index were Fertilizer with 135 points, Commercial Banks with 112 points, Oil & Gas Exploration Companies with 104 points, Cement with 102 points and Oil & Gas Marketing Companies with 59 points.

The most points added to the index was by FFC which contributed 63 points followed by LUCK with 55 points, OGDC with 50 points, PPL with 39 points and ENGRO with 37 points.

Sector wise, the index was let down by Glass & Ceramics with 3 points.

The most points taken off the index was by GHGL which stripped the index of 3 points followed by AGP with 2 points, SYS with 2 points, SPWL with 1 point and FML with 1 point.

All Share Volume increased by 71.92 Million to 629.53 Million Shares. Market Cap increased by Rs.126.33 Billion.

Total companies traded were 413 compared to 414 from the previous session. Of the scrips traded 320 closed up, 76 closed down while 17 remained unchanged.

Total trades increased by 30,114 to 188,254.

Value Traded increased by 2.52 Billion to Rs.26.43 Billion

Company Volume

Top Ten by Volume

Pakistan Refinery 57,480,500
Hascol Petroleum 46,848,653
Azgard Nine 30,973,000
Pakistan International Bulk Terminal 30,199,000
Maple Leaf Cement Factory 25,043,849
TRG Pakistan 23,023,500
Fauji Foods 22,636,500
Worldcall Telecom 21,642,000
Agha Steel Ind.Ltd 18,888,500
Fauji Fertilizer Bin Qasim 16,133,500

 

Sector Volume

Top Sector by Volume

Refinery 84,321,500
Technology & Communication 69,519,400
Cement 59,898,824
Engineering 59,643,500
Oil & Gas Marketing Companies 57,555,721
Textile Composite 44,294,550
Fertilizer 31,773,418
Food & Personal Care Products 31,273,700
Transport 31,116,500
Chemical 29,809,700

 

 

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Posted on: 2020-12-14T18:21:00+05:00

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