December 17, 2020 (MLN): Pakistan equities sustained positive momentum on Thursday, as the benchmark KSE-100 ended the session on a bullish note by adding 406.5 points or up by 0.94% compared to yesterday's trading and closed at its highest value of 43,766 since June 11, 2018.
The bullish momentum was attributable to value buying in banks and E&Ps as rising crude oil prices developed investors’ interest in E&Ps, a report by Ismail Iqbal Securities highlighted.
Furthermore, faster than expected economic recovery revealed by key economic indicators further strengthened investors’ sentiments.
The Index remained positive throughout the session touching an intraday high of 43,792.57
Of the 97 traded companies in the KSE100 Index 75 closed up 21 closed down, while 1 remained unchanged. Total volume traded for the index was 286.34 million shares.
Sectors propping up the index were Commercial Banks with 90 points, Oil & Gas Exploration Companies with 67 points, Fertilizer with 62 points, Cement with 30 points and Oil & Gas Marketing Companies with 26 points.
The most points added to the index was by HBL which contributed 46 points followed by PPL with 33 points, ENGRO with 28 points, OGDC with 26 points and EFERT with 18 points.
Sector wise, the index was let down by Tobacco with 4 points.
The most points taken off the index was by HUBC which stripped the index of 14 points followed by BAHL with 4 points, NML with 4 points, PAKT with 2 points and KTML with 2 points.
All Share Volume increased by 64.54 Million to 497.56 Million Shares. Market Cap increased by Rs.76.64 Billion.
Total companies traded were 416 compared to 403 from the previous session. Of the scrips traded 304 closed up, 93 closed down while 19 remained unchanged.
Total trades decreased by 1,541 to 159,830.
Value Traded increased by 1.17 Billion to Rs.22.55 Billion
| Company | Volume |
|---|---|
| Pakistan Refinery | 45,135,000 |
| Pak Elektron | 41,731,000 |
| K-Electric | 29,033,000 |
| Azgard Nine | 27,630,000 |
| Fauji Foods | 18,425,500 |
| TRG Pakistan | 15,992,500 |
| Habib Bank | 15,773,135 |
| Byco Petroleum Pakistan | 15,191,500 |
| Hascol Petroleum | 14,014,587 |
| Fauji Fertilizer Bin Qasim | 13,405,000 |
| Sector | Volume |
|---|---|
| Refinery | 69,292,000 |
| Technology & Communication | 47,637,600 |
| Cable & Electrical Goods | 46,165,150 |
| Commercial Banks | 38,895,161 |
| Power Generation & Distribution | 38,349,662 |
| Chemical | 36,760,270 |
| Textile Composite | 33,965,650 |
| Fertilizer | 31,732,237 |
| Food & Personal Care Products | 28,181,310 |
| Cement | 19,189,931 |
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