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Mettis Global News
Mettis Global News
Mettis Global News

MPS Preview: High for Longer

PSX Closing Bell: The shape of things to come?

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December 4, 2020 (MLN): Domestic equities remained bullish throughout the day today, amid a buying spell, mainly witnessed in blue-chip stocks, especially in E&Ps and Banking sectors. Closing on 42,207 points level, KSE – 100 gained 150 points on Friday, or up by 0.38% from previous close.

Over the week, KSE-100 gained 1,400 points or up by 3.4% WoW and closed at its highest values since Sep 18, 2020.

Speaking of today’s performance, the Index remained positive throughout the session touching an intraday high of 42,316.17

Of the 97 traded companies in the KSE100 Index 62 closed up 32 closed down, while 3 remained unchanged. Total volume traded for the index was 237.17 million shares.

Sectors propping up the index were Oil & Gas Exploration Companies with 61 points, Commercial Banks with 57 points, Technology & Communication with 31 points, Engineering with 10 points and Refinery with 8 points.

The most points added to the index was by OGDC which contributed 38 points followed by TRG with 26 points, UBL with 15 points, PPL with 12 points and HMB with 11 points.

Sector wise, the index was let down by Oil & Gas Marketing Companies with 16 points, Fertilizer with 12 points, Automobile Assembler with 4 points, Transport with 4 points and Automobile Parts & Accessories with 2 points.

The most points taken off the index was by FFC which stripped the index of 12 points followed by MTL with 11 points, SNGP with 8 points, PSO with 7 points and EFERT with 6 points.

All Share Volume increased by 7.59 Million to 427.91 Million Shares. Market Cap increased by Rs.30.84 Billion.

Total companies traded were 409 compared to 400 from the previous session. Of the scrips traded 234 closed up, 151 closed down while 24 remained unchanged.

Total trades decreased by 17,679 to 132,936.

Value Traded increased by 0.12 Billion to Rs.18.15 Billion

Company Volume

Top Ten by Volume

TRG Pakistan 42,628,000
Pakistan Refinery 30,971,000
Pakistan Telecommunication Company Ltd 21,734,500
Aisha Steel Mills 21,413,500
K-Electric 18,745,500
Agha Steel Ind.Ltd 17,826,000
Unity Foods 17,435,500
Hum Network 16,943,500
Pak Elektron 15,848,500
Hascol Petroleum 13,981,120

 

Sector Volume

Top Sector by Volume

Technology & Communication 101,206,400
Engineering 65,448,900
Refinery 47,897,700
Cement 30,457,951
Power Generation & Distribution 24,527,004
Oil & Gas Marketing Companies 18,655,400
Commercial Banks 18,240,182
Vanaspati & Allied Industries 17,463,200
Cable & Electrical Goods 16,909,000
Food & Personal Care Products 13,784,980

 

 

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Posted on: 2020-12-04T18:30:00+05:00

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