KARACHI: Benchmark KSE-100 Index gained 4.80 points to close in the green settling at 41,903.50.
While due to rise in the death toll because of Coronavirus has affected the oil price damping the investors confidence. The speculation whether Pakistan will be able to exit Financial Action Task Force’s (FATF) grey list scheduled to be reviewed in Paris next month is there. Decision to delay proposed gas tariffs helped augment investors’ sentiments. Buying activity in banking and cement stock also contributed positively. While cement and fertilizer sectors traded positively, oil and the banking sectors again faced selling pressure.
Volume leader was Bank of Punjab with 17.9 million shares, gaining Rs. 0.23 to close at Rs. 13.45. Avanceon Limited with 15.9 million shares, gaining Rs. 2.10 was the runner-up. They were followed by Unity Foods with 10 million shares. Foreign institutional investors were net sellers of Rs. 277.99 million worth of shares. 162.2 million shares worth Rs. 6.8 billion changed hands today. Value of the shares of 193 entities augmented, 136 plummeted while 20 remained stagnant.
Relevant pieces published earlier:
PSX: KSE-100 Index sheds 400 points on Wednesday
30th of January, 2020
KARACHI: KSE-100 Index closed in the red shedding 400.49 points here on Wednesday (29th January) at 41,898.70.
It seems that SBP’s decision to leave the policy rate unchanged was not well received by the market as a result cement and steel plummeted. The prediction that the agricultural output will not be very high also steered the market in the red.
Shares of Fauji Fertilizer Bin Qasim (FFBL) plummeted to lower circuit. 197.1m shares worth $47.9m were traded. Worldcall, Hascol Petroleum, Maple Leaf Cement, K-Electric and FFBL contributed significantly.
Maple Leaf decreased by 3pc, Cherat 2.4pc, Pioneer 2.4pc, Lucky 2.7pc and Fauji 2.2pc. Habib Bank -2.3pc, MCB -2.2pc, United Bank -1.6pc, Engro Corporation -1.1pc, Hub Power -1.1pc and Dawood Hercules -1.7pc contributed towards dragging down the Index.
PSX: KSE-100 Index closes in the red on 2nd trading day
28th of January, 2020
KARACHI: Due to unchanged interest rate and other aspects of the Monetary Policy, announced by the SBP, market remained under pressure on the second trading day here as a result the bourse closed in the red.
The Coronavirus-related slump in the crude oil demand and the plunge in its prices also unnerved the investors. Benchmark KSE-100 index closed at 42,300.19 shedding 240.04 points.
The volume was led by cement sector with 60.9 million shares changing hands. Oil and Gas marketing companies with 27.6 million shares was the runner-up while banks with 12.4 million shares followed.
HBL (-1.2%), MCB Bank (-1.3%), PPL (-1%), Dawood Hercules (-1.7%), Engro (-0.7%) and Fauji Fertilizer Company (-1%) were the major losers of the day that led to the shedding of 135 points.
Those entities that managed to remain in the green were Kohat Cement (+3%), Maple Leaf Cement (+0.6%), Cherat Cement (+1%) and DG Khan Cement (+0.4%). Pioneer Cement (-2.3%), Fauji Cement (-1.6%) and Lucky Cement (-0.5%) landed in the red.
189 million shares worth Rs. 6.7 billion belonging to 356 entities changed hands today. Prices of the shares of 130 stocks augmented, 206 plummeted while 20 remained stagnant. Volume leaders were Maple Leaf Cement, Hascol and Unity Foods.
Newspakistan.tv
