Pakistan Stock Markets records an increase of 102pts today

  • Post author:
  • Post category:Uncategorized
  • Reading time:2 mins read

Market discounted all the hype created by the opposition parties yesterday on plans of tendering resignations from the National and Provincial assemblies. Banking sector played vital role in the shape of HBL and UBL taking charge again after a lull of almost 2 months since announcement of 3QFY20 financial results. International crude prices went positive as well, trading +1% that helped E&P stocks inch up. Chemical and O&GMCs also contributed to the positivity and helped the index maintain level above 42,200. The Index swayed between +248pts and -72pts, and closed the session +102pts. Among scrips, TRG topped the volumes with 33.7M shares, followed by LOTCHEM (27.1M) and UNITY (26.1M).

· The Index closed at 42,204pts as against 42,101pts showing an increase of 102pts (+0.2% DoD). Sectors contributing to the performance include E&P (+44pts), Technology (+20pts), Power (-13pts), Tobacco (-10pts) and Autos (-6pts).

· Volumes increased from 409.7mn shares to 438.1mn shares (+7% DoD). Average traded value also increased by 3% to reach US$ 118.3mn as against US$ 115.3mn.

· Stocks that contributed significantly to the volumes include TRG, LOTCHEM, UNITY, HASCOL and MLCF, which formed 30% of total volumes.

· Stocks that contributed positively to the index include TRG (+30pts), OGDC (+24pts), PPL (+12pts), UBL (+11pts) and HBL (+10pts). Stocks that contributed negatively include HUBC (-18pts), PAKT (-9pts), BAHL (-9pts), SYS (-9pts) and MLCF (-8pts).

(AHL reports)

Sharing is caring

Leave a Reply