Karachi, October 20, 2020: As the concerns over political uncertainty withered away, Investors fixed gaze on the upcoming FATF plenary session and the quarterly results. Positive expectations on both counts helped the Index post a gain of 717 points during the session and closed at session’s high (unadjusted).
O&GMCs, E&P scrips contributed the most, followed by Cement, Power and Banking scrips. Among Banks, investors preferred HBL over UBL with HBL crossing 140 several times during the session. Among scrips, UNITY topped the volumes with 77.9M shares, followed by HASCOL (50.6M) and FFL (35.1M).
The Index closed at 40,956 points as against 40,340 points showing an increase of 616 points (+1.4 percent DoD). Sectors contributing to the performance include Cement (+110 points), Power (+107 points), Banks (+91 points), E&P (+72 points) and O&GMCs (+50 points).
Volumes increased from 319.6 million shares to 492.7 million shares (+54 percent DoD). Average traded value also increase by 106 percent to reach US$ 101.7 million as against US$ 49 million.
Stocks that contributed significantly to the volumes include UNITY, HASCOL, FFL, PIBTL and KEL, which formed 43 percent of total volumes. Stocks that contributed positively to the index include HUBC (+84 points), LUCK (+48 points), MEBL (+42 points), PPL (+37 points) and HBL (+30 points). Stocks that contributed negatively include HMB (-7 points), UBL (-5 points), ABOT (-4 points), HGFA (-4 points) and FML (-3 points).
