December 30, 2020 (MLN): Following Tuesday’s sell-off, the domestic equities rebounded on Wednesday, by adding 412.49 points to the benchmark KSE-100 index and closed the trading at 43,694.76 points. This was up by 0.95% compared to yesterday’s closing figures.
The market gained impetus from the buying activity witnessed throughout the trading session as per Next Capital’s closing note.
Furthermore, Wapda received approvals to issue $500mn Eurobonds coupled with consolidation in international coal prices on an MoM basis which is beneficial for the cement sector influenced investors' trading strategy, said Aba Ali Habib’s research.
The Index remained positive throughout the session touching an intraday high of 43,749.94
Of the 97 traded companies in the KSE100 Index, 75 closed up 21 closed down, while 1 remained unchanged. The total volume traded for the index was 227.30 million shares.
Sectors propping up the index were Technology & Communication with 93 points, Commercial Banks with 50 points, Textile Composite with 44 points, Oil & Gas Exploration Companies with 32 points and Food & Personal Care Products with 28 points.
The most points added to the index was by TRG which contributed 63 points followed by SYS with 30 points, UBL with 29 points, POL with 25 points and KTML with 18 points.
Sector-wise, the index was let down by Glass & Ceramics with 2 points, Leather & Tanneries with 1 points and Modarabas with 1 points.
The most points taken off the index was by BAHL which stripped the index of 27 points followed by FCCL with 5 points, KEL with 4 points, MARI with 3 points and SHEL with 2 points.
All Share Volume decreased by 47.13 Million to 455.99 Million Shares. Market Cap increased by Rs.76.38 Billion.
Total companies traded were 423 compared to 400 from the previous session. Of the scrips traded 310 closed up, 96 closed down while 17 remained unchanged.
Total trades decreased by 9,133 to 159,428.
Value Traded increased by 1.67 Billion to Rs.22.63 Billion
| Company | Volume |
|---|---|
| Pakistan Refinery | 55,266,000 |
| TRG Pakistan | 31,216,000 |
| Unity Foods | 18,495,000 |
| Hascol Petroleum | 18,380,385 |
| K-Electric | 14,614,000 |
| Azgard Nine | 14,415,500 |
| Fauji Foods | 13,759,500 |
| Pak Elektron | 13,003,000 |
| Jahangir Siddiqui & Co. Ltd. | 12,729,000 |
| Byco Petroleum Pakistan | 11,259,500 |
| Sector | Volume |
|---|---|
| Refinery | 76,865,800 |
| Technology & Communication | 60,598,200 |
| Oil & Gas Marketing Companies | 26,527,388 |
| Engineering | 25,229,700 |
| Commercial Banks | 25,118,984 |
| Textile Composite | 24,227,300 |
| Power Generation & Distribution | 22,150,085 |
| Food & Personal Care Products | 20,791,330 |
| Inv. Banks / Inv. Cos. / Securities Cos. | 20,723,332 |
| Chemical | 19,664,550 |
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