February 26, 2021 (MNL): The KSE-100 index ended the trading session on Friday with a 100.61 point or 0.22 percent decline to close at 45,865.02.
The stock market once again followed the footsteps of international oil prices, which fell on Friday as a collapse in bond prices led to gains in the U.S. dollar and expectations grew that with oil prices back above pre-pandemic levels, more supply is likely to come back to the market.
On local front, Pakistan and Qatar signed an LNG supply agreement, as per which, the latter would provide Pakistan with three million tons of Liquified Natural Gas for 10 years. Pursuant to this, Pakistan State Oil Company signed a Long Term LNG Sales and Purchase Agreement (SPA) with Qatar Petroleum.
Several companies announced their financial results for the period ended December 31, 2020, including HUBCO, SCBPL, LOTCHEM, PPL, and INDU. Out of these, only HUBC managed to make a place for itself in the top performing stocks for today.
The Index traded in a range of 479.96 points or 1.04 percent of previous close, showing an intraday high of 46,239.89 and a low of 45,759.93.
Of the 97 traded companies in the KSE100 Index 33 closed up 62 closed down, while 2 remained unchanged. Total volume traded for the index was 233.08 million shares.
Sector wise, the index was let down by Oil & Gas Exploration Companies with 56 points, Technology & Communication with 33 points, Chemical with 31 points, Automobile Assembler with 24 points and Oil & Gas Marketing Companies with 20 points.
The most points taken off the index was by OGDC which stripped the index of 54 points followed by TRG with 45 points, COLG with 30 points, NML with 16 points and NBP with 13 points.
Sectors propping up the index were Cement with 48 points, Pharmaceuticals with 27 points, Power Generation & Distribution with 16 points, Fertilizer with 13 points and Inv. Banks / Inv. Cos. / Securities Cos. with 9 points.
The most points added to the index was by LUCK which contributed 57 points followed by HBL with 34 points, SEARL with 21 points, FFC with 18 points and ANL with 16 points.
All Share Volume increased by 11.01 Million to 479.98 Million Shares. Market Cap decreased by Rs.55.31 Billion.
Total companies traded were 417 compared to 416 from the previous session. Of the scrips traded 144 closed up, 257 closed down while 16 remained unchanged.
Total trades increased by 23,228 to 170,864.
Value Traded increased by 2.49 Billion to Rs.25.75 Billion
| Company | Volume |
|---|
Top Ten by Volume
| Unity Foods | 45,361,711 |
| Telecard | 36,667,000 |
| TRG Pakistan | 33,150,585 |
| Byco Petroleum Pakistan | 26,514,500 |
| Hum Network | 15,659,000 |
| Pakistan Refinery | 15,001,500 |
| Hascol Petroleum | 13,623,737 |
| Lotte Chemical Pakistan | 13,231,500 |
| Pakistan International Bulk Terminal | 12,350,500 |
| Maple Leaf Cement Factory | 11,770,879 |
| Sector | Volume |
|---|
Top Sector by Volume
| Technology & Communication | 118,729,485 |
| Food & Personal Care Products | 55,038,671 |
| Refinery | 49,791,500 |
| Cement | 36,850,847 |
| Commercial Banks | 28,495,311 |
| Chemical | 24,634,120 |
| Power Generation & Distribution | 23,659,588 |
| Inv. Banks / Inv. Cos. / Securities Cos. | 23,523,826 |
| Oil & Gas Marketing Companies | 20,753,474 |
| Textile Composite | 15,690,760 |
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