June 5, 2020 (MLN): The capital markets rebounded from yesterday’s close and ended the last day of the week on a positive note on the back of improved investors’ sentiments.
The KSE-100 Index gained 231 points to finish at 34,350-level i.e. 0.68% higher than the previous closing.
Yesterday, the Pakistan Bureau of Statistics (PBS) released trade deficit data which showed improvement of 35%, MoM, in May’20, giving market participants hope for recovery. Moreover, SBP’s forex reserves declined this week by $1.7bn to $10.3bn, this decline is primarily attributed to the government's external debt repayment, as per the closing note of Ismail Iqbal Securities.
The Index traded in a range of 286.62 points or 0.84 percent of the previous close, showing an intraday high of 34,367.62 and a low of 34,081.00.
Of the 87 traded companies in the KSE100 Index, 57 closed up 29 closed down, while 1 remained unchanged. The total volume traded for the index was 53.70 million shares.
Sectors propping up the index were Cement with 54 points, Oil & Gas Exploration Companies with 50 points, Fertilizer with 46 points, Pharmaceuticals with 45 points and Textile Composite with 12 points.
The most points added to the index was by ENGRO which contributed 41 points followed by POL with 21 points, LUCK with 15 points, SEARL with 13 points and MARI with 13 points.
Sector-wise, the index was let down by Commercial Banks with 13 points, Automobile Assembler with 3 points, Oil & Gas Marketing Companies with 3 points, Miscellaneous with 1 point and Transport with 1 points.
The most points taken off the index were by MCB which stripped the index of 12 points followed by BAFL with 5 points, PSO with 3 points, SNGP with 3 points and KAPCO with 2 points.
All Share Volume decreased by 54.51 Million to 89.13 Million Shares. Market Cap increased by Rs.38.34 Billion.
Total companies traded were 319 compared to 341 from the previous session. Of the scrips traded 191 closed up, 103 closed down while 25 remained unchanged.
Total trades decreased by 22,027 to 48,040.
Value Traded decreased by 1.59 Billion to Rs.3.96 Billion
| Company | Volume |
|---|
Top Ten by Volume
| Maple Leaf Cement Factory | 6,651,500 |
| Jahangir Siddiqui & Co. Ltd. | 5,206,500 |
| TRG Pakistan | 4,351,500 |
| Unity Foods | 3,834,000 |
| MACPAC Films | 3,655,500 |
| Hascol Petroleum | 3,632,000 |
| Hum Network | 3,480,000 |
| Pioneer Cement | 3,401,000 |
| Kot Addu Power Company | 2,151,000 |
| Pak Elektron | 2,079,500 |
| Sector | Volume |
|---|
Top Sector by Volume
| Cement | 16,108,400 |
| Technology & Communication | 10,869,300 |
| Inv. Banks / Inv. Cos. / Securities Cos. | 7,571,400 |
| Oil & Gas Marketing Companies | 5,232,212 |
| Textile Composite | 5,215,100 |
| Miscellaneous | 4,903,200 |
| Power Generation & Distribution | 4,087,666 |
| Commercial Banks | 3,985,014 |
| Food & Personal Care Products | 3,972,850 |
| Vanaspati & Allied Industries | 3,834,500 |
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