January 19, 2021 (MLN): The capital market witnessed a volatile trading activity amid roll-over effect on Tuesday, with the benchmark KSE-100 index advancing 176.55 points and closed at 45,903 i.e. up by 0.39% compared to yesterday’s close.
According to the closing note by Topline Securities, the E&P sector saw renewed investors’ interest amid news reports that Power Division has forwarded its proposal to ECC for allowing MARI to remove the cap for dividend distribution after which the stock closed at its upper circuit.
The market also gained impetus from the news flow that HUBC will receive PKR 70 bln out of the first tranche of PKR 150 bln which lifted the stock, the report added.
The Index traded in a range of 386.08 points or 0.84 percent of the previous close, showing an intraday high of 45,982.77 and a low of 45,596.69.
Of the 95 traded companies in the KSE100 Index, 43 closed up 48 closed down, while 4 remained unchanged. The total volume traded for the index was 224.06 million shares.
Sectors propping up the index were Power Generation & Distribution with 79 points, Oil & Gas Exploration Companies with 71 points, Technology & Communication with 40 points, Miscellaneous with 12 points and Cable & Electrical Goods with 7 points.
The most points added to the index was by HUBC which contributed 74 points followed by MARI with 62 points, TRG with 54 points, BAHL with 30 points and OGDC with 23 points.
Sector-wise, the index was let down by Textile Composite with 16 points, Commercial Banks with 13 points, Pharmaceuticals with 11 points, Automobile Assembler with 9 points and Cement with 7 points.
The most points taken off the index was by HBL which stripped the index of 26 points followed by UBL with 23 points, POL with 15 points, SYS with 14 points and MTL with 11 points.
All Share Volume decreased by 51.86 Million to 491.79 Million Shares. Market Cap increased by Rs.37.46 Billion.
Total companies traded were 425 compared to 427 from the previous session. Of the scrips traded 196 closed up, 210 closed down while 19 remained unchanged.
Total trades decreased by 3,527 to 159,406.
Value Traded decreased by 1.73 Billion to Rs.19.93 Billion
| Company | Volume |
|---|
Top Ten by Volume
| TRG Pakistan | 29,407,000 |
| Pakistan Refinery | 28,848,000 |
| Fauji Foods | 22,225,500 |
| Unity Foods | 21,176,131 |
| K-Electric | 18,889,000 |
| Worldcall Telecom | 16,950,000 |
| Samba Bank | 15,534,000 |
| Fauji Fertilizer Bin Qasim | 15,319,000 |
| Telecard | 14,695,000 |
| Power Cement | 13,413,000 |
| Sector | Volume |
|---|
Top Sector by Volume
| Technology & Communication | 79,852,700 |
| Commercial Banks | 55,066,622 |
| Food & Personal Care Products | 46,856,100 |
| Power Generation & Distribution | 42,099,589 |
| Refinery | 38,495,900 |
| Inv. Banks / Inv. Cos. / Securities Cos. | 29,513,836 |
| Cement | 24,638,735 |
| Engineering | 22,470,250 |
| Chemical | 21,947,030 |
| Vanaspati & Allied Industries | 21,190,031 |
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