January 05, 2020 (MLN): After gathering almost 1,402.9 points in the last four sessions, the capital markets showed signs of fatigue on Tuesday as the benchmark KSE-100 index landed in consolidation by losing just 36 points or down by 0.08% compared to yesterday’s close to settle at 44,650.43- level.
According to the closing note by Arif Habib Limited, the market saw selling pressure from the start of the trading session, which was primarily caused by an overnight decline in crude oil prices as well as profit booking in Power, O&GMCs, and Fertilizer sector stocks. Cement and Steel sector stocks bounced back today after yesterday’s selling activity on the back of healthy growth in Cement dispatches.
The Index traded in a range of 366.48 points or 0.82 percent of the previous close, showing an intraday high of 44,830.28 and a low of 44,463.80.
Of the 95 traded companies in the KSE100 Index, 49 closed up 46 closed down, while 0 remained unchanged. The total volume traded for the index was 282.29 million shares.
Sector-wise, the index was let down by Oil & Gas Exploration Companies with 108 points, Power Generation & Distribution with 53 points, Oil & Gas Marketing Companies with 33 points, Fertilizer with 10 points and Automobile Parts & Accessories with 6 points.
The most points taken off the index were by HUBC which stripped the index of 74 points followed by PPL with 55 points, OGDC with 41 points, PSO with 19 points and POL with 12 points.
Sectors propping up the index were Technology & Communication with 46 points, Commercial Banks with 27 points, Cement with 20 points, Engineering with 16 points and Pharmaceuticals with 15 points.
The most points added to the index was by TRG which contributed 43 points followed by KAPCO with 25 points, HBL with 20 points, SEARL with 17 points and MCB with 16 points.
All Share Volume increased by 41.54 Million to 582.37 Million Shares. Market Cap decreased by Rs.4.13 Billion.
Total companies traded were 409 compared to 412 from the previous session. Of the scrips traded 221 closed up, 179 closed down while 9 remained unchanged.
Total trades decreased by 11,280 to 181,230.
Value Traded decreased by 2.43 Billion to Rs.24.24 Billion
| Company | Volume |
|---|---|
| Hum Network | 68,807,000 |
| Pakistan Refinery | 58,179,000 |
| TRG Pakistan | 31,051,500 |
| Pak Elektron | 26,059,000 |
| Kot Addu Power Company | 25,986,500 |
| Jahangir Siddiqui & Co. Ltd. | 16,599,000 |
| Azgard Nine | 13,654,500 |
| The Hub Power Company | 13,643,200 |
| Pakistan Telecommunication Company Ltd | 12,352,000 |
| Aisha Steel Mills | 11,199,500 |
| Sector | Volume |
|---|---|
| Technology & Communication | 136,431,900 |
| Refinery | 72,132,800 |
| Power Generation & Distribution | 65,087,700 |
| Commercial Banks | 55,531,617 |
| Cable & Electrical Goods | 29,187,450 |
| Oil & Gas Marketing Companies | 25,472,510 |
| Textile Composite | 24,792,800 |
| Engineering | 24,169,483 |
| Cement | 22,867,653 |
| Inv. Banks / Inv. Cos. / Securities Cos. | 21,556,576 |
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