Monday, October 26, 2020

KSE-100 up by 96 points closed at 38,649

Featured

Belarus: Opposition leader in quarantine after coming into contact with an infected

The leader of the Belarusian opposition, Svetlana Tikhanovskaya, announced that she is currently under quarantine after her contact with...

50 million Americans voted by mail in the presidential election so far

More than 50 million Americans cast their ballots in the US presidential election by mail 11 days before the...

GIP releases inaugural annual report at second plenary meeting

The Second Plenary Meeting of the Green Investment Principles for the Belt and Road (GIP) was held today in...
Zain Zubair
Zain Zubair
Zain Zubair is a staff writer for World News Observer. He is studying ACCA in Pakistan. Besides Accountancy and writing pieces, he loves cooking and nature photography. Zain has attended various modern journalism workshops. Contact: [email protected]

The benchmark KSE-100 index of Pakistan Stock exchange (PSX) on Friday surged by 96 points closed at 38,649.

Market performed range bound between -69pts and +180pts and did not oscillate much. Most volume (for the third consecutive session) was observed in UNITY rights of 25M shares as against total market volume of 138M (18%).

Cement sector performed well on the release of cement dispatch data that showed growth in sales volume against expectation. Analysts at Arif Habib Limited said that the selling pressure kept the price growth in check. Banks, Cement and Power sector led the volumes table (other than Vanaspati), which was mainly contributed by BOP, FCCL and KEL respectively.

The Index closed at 38,649pts as against 38,553pts showing an increase of 96pts (+0.3% DoD). Sectors contributing to the performance include O&GMCs (+34pts), Cement (+34pts), Fertilizer (+21pts), Textile (+18pts), Banks (+17pts), Power (-32pts).

Volumes increased slightly to 137.7mn shares as against 132.2mn shares (+4% DoD). Average traded value also increased by 18% to reach US$ 36.9mn as against US$ 31.3mn.

Stocks that contributed significantly to the volumes include UNITYR1, BOP, KEL, ASL and FCCL, which formed 38% of total volumes.

Stocks that contributed positively include OGDC (+18pts), UBL (+18pts), ENGRO (+17pts), LUCK (+15pts), and SNGP (+13pts).

Stocks that contributed negatively include HUBC (-36pts), HBL (-33pts), PSEL (-25pts), PPL (-10pts) and FFBL (-5pts).

Zain Zubair
Zain Zubair
Zain Zubair is a staff writer for World News Observer. He is studying ACCA in Pakistan. Besides Accountancy and writing pieces, he loves cooking and nature photography. Zain has attended various modern journalism workshops. Contact: [email protected]

Latest News

Belarus: Opposition leader in quarantine after coming into contact with an infected

The leader of the Belarusian opposition, Svetlana Tikhanovskaya, announced that she is currently under quarantine after her contact with...

50 million Americans voted by mail in the presidential election so far

More than 50 million Americans cast their ballots in the US presidential election by mail 11 days before the start of the race, a...

Remains of ships sunk hundreds of years ago discovered in Utbury, Sweden

Archaeologists in Sweden have discovered the remains of small, sunken ships dating back 400 years ago, during excavations in central Gothenburg in the coastal...

New York authorities preparing for possible riots after the election

New York City Mayor Bill de Blasio announced that the major American city authorities are preparing for possible unrest and riots in the city...

Trump: 180 million Americans would miss health care plans if Biden came to power

US President Donald Trump did not stop attacking his rival in the US presidential election, Democratic candidate Joe Biden, sending a message to Americans,...

Related News