ISLAMABAD (The HQ Markets) – Today, the PSX closed on a bullish note, gaining 584 points (41,850) after making a high of +610 points.
The market remained positive post results of FATF meeting where it was decided that the country will stay on the grey list until February 2021 on the back of successfully complying with 21 out of 27 points.
Lucky Cement (LUCK) (6.2%) in the Cements reported its consolidated 1Q20 EPS of Rs13.45 vs. EPS of Rs3.93 (SPLY). Moreover, CHCC (5.0%), KOHC (7.4%), FCCL (7.5%) closed in the upper circuit. NETSOL (7.5%) in the technology space closed in the upper circuit whereas Avanceon (AVN) (7.4%) closed up as the export remittances of IT & IT-enabled Services (ITeS), comprising computer services and call centres, surged 43.55pc during the first three months (July-September).
Furthermore, United Bank (UBL) (-2.2%) in the financials announced its 9MCY20 consolidated EPS of Rs12.81 vs. EPS of Rs12.82 (SPLY). Market Statistics given below:
|
Market Statistics |
|
| KSE-100 Index | 41,850.47 |
| Previous KSE-100 Index | 41,266.00 |
| Change from last closing – Positive | 584.47 |
| Change from last closing (%) | 1.42% |
| KSE Market Capitalization (Rs bn) | 7,730.93 |
| KSE Market Capitalization (US$ bn) | 47.99 |
| Total Volume (Shares mn) | 487.16 |
| Total Ready Market Value (Rs bn) | 21.51 |
| Total Ready Market Value (US$ mn) | 133.55 |
| KSE-30 Index | 17,594.63 |
| Change from last closing – Positive | 213.35 |
| Change from last closing (%) | 1.23% |
| KSE Future Volume (Shares mn) | 85.05 |
| KSE Future Value (Rs mn) | 3,921.80 |
| KSE Future Spread | 10.17% |
|* this financial analysis is conducted for The HQ Daily Markets by Wajid Marwat a seasoned “Financial Analyst & Former Senior Banker”.|