February 17, 2021 (MLN): Following two-day’s successful performance of the stock market, the capital markets concluded today’s trade in red as profit taking emerged at higher levels which brought the index down by 99 points to close at 46,768 level, down by 0.21% compared to previous close.
The index opened on a positive note and remained in the green zone for most of the day on account of optimistic investors sentiments with regards to Pakistan reaching staff level agreement with IMF for Extended Fund Facility of $6 billion. In addition, pragmatic view of Finance division on collection of remaining petroleum levy by end of FY21 supported investors’ confidence, a closing note by Aba Ali Habib said.
However, after reaching a high of 47,305.86 points, the index lost its momentum owing to financial announcement of HBL which disappointed the investors, resulting in mass profit taking from the stock, solely deducting 130 points from the index.
The Index traded in a range of 579.65 points or 1.24 percent of previous close, showing an intraday high of 47,305.86 and a low of 46,726.21.
Of the 98 traded companies in the KSE100 Index 39 closed up 57 closed down, while 2 remained unchanged. Total volume traded for the index was 223.53 million shares.
Sector wise, the index was let down by Commercial Banks with 145 points, Oil & Gas Exploration Companies with 28 points, Tobacco with 21 points, Power Generation & Distribution with 20 points and Engineering with 9 points.
The most points taken off the index was by HBL which stripped the index of 131 points followed by OGDC with 23 points, PAKT with 19 points, DGKC with 18 points and HUBC with 16 points.
Sectors propping up the index were Automobile Assembler with 28 points, Cement with 26 points, Fertilizer with 24 points, Technology & Communication with 14 points and Chemical with 11 points.
The most points added to the index was by LUCK which contributed 56 points followed by MTL with 29 points, PSO with 24 points, TRG with 19 points and FFC with 17 points.
All Share Volume increased by 187.56 Million to 701.76 Million Shares. Market Cap decreased by Rs.24.55 Billion.
Total companies traded were 419 compared to 417 from the previous session. Of the scrips traded 204 closed up, 199 closed down while 16 remained unchanged.
Total trades increased by 42,200 to 204,907.
Value Traded increased by 3.15 Billion to Rs.28.51 Billion
| Company | Volume |
|---|---|
| Hum Network | 78,206,000 |
| Telecard | 76,131,000 |
| Dost Steels | 53,710,000 |
| Maple Leaf Cement Factory | 36,410,548 |
| Worldcall Telecom | 23,394,500 |
| Power Cement | 23,173,500 |
| TRG Pakistan | 17,375,938 |
| Dewan Cement | 16,153,500 |
| K-Electric | 15,512,000 |
| Unity Foods | 14,882,824 |
| Sector | Volume |
|---|---|
| Technology & Communication | 219,769,538 |
| Cement | 110,543,667 |
| Engineering | 72,365,366 |
| Food & Personal Care Products | 39,568,084 |
| Inv. Banks / Inv. Cos. / Securities Cos. | 33,551,803 |
| Commercial Banks | 31,176,833 |
| Textile Composite | 25,320,240 |
| Refinery | 21,054,500 |
| Glass & Ceramics | 20,915,500 |
| Power Generation & Distribution | 19,932,073 |
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