April 6, 2021 (MLN): Following yesterday’s choppy session, the domestic equities rally rebounded on Tuesday, by adding 856 points to the benchmark KSE-100 index and closed the trading at 44,404 points. This was up by 1.97% compared to yesterday’s closing figures.
The index traded in green all day long, touching an intraday high of 44,478 points.
Investors took positive cues from the statement by chairman NCOC that increased restrictions and the broader lockdown have started showing results where the positive COVID ratio has started declining.
Also, Pakistan may get further debt relief from G-20 countries till Dec’2021 which triggers investors’ interest. Furthermore, the technology sector also came into the limelight as PM Imran Khan has disclosed intentions to promote the sector by giving several incentives in the outgoing year, a market closing note by Pearl Securities cited.
On the announcement front, Maple Leaf Cement Factory Limited announced that its existing clinker capacity of brownfield clinker production line-3 has been enhanced by 500tons/day of clinker from 7,300 tons to 7,800 tons/day of clinker through debottlenecking and Balancing, Modernization and Replacement program (BMR), after which the stock closed at 44.95 points (up by 4.22%).
Of the 95 traded companies in the KSE100 Index 80 closed up 10 closed down, while 5 remained unchanged. Total volume traded for the index was 157.97 million shares.
Sectors propping up the index were Cement with 165 points, Technology & Communication with 137 points, Commercial Banks with 97 points, Oil & Gas Exploration Companies with 53 points and Power Generation & Distribution with 53 points.
The most points added to the index was by TRG which contributed 103 points followed by LUCK with 66 points, HUBC with 41 points, HBL with 32 points and SYS with 27 points.
Sector wise, the index was let down by Miscellaneous with 1 points.
The most points taken off the index was by BAFL which stripped the index of 4 points followed by EFUG with 3 points, AKBL with 2 points, INDU with 2 points and ATLH with 1 point.
All Share Volume increased by 3.16 Million to 305.96 Million Shares. Market Cap increased by Rs.135.16 Billion.
Total companies traded were 393 compared to 391 from the previous session. Of the scrips traded 301 closed up, 71 closed down while 21 remained unchanged.
Total trades increased by 4,659 to 129,675.
Value Traded increased by 2.66 Billion to Rs.16.08 Billion
| Company | Volume |
|---|---|
| TRG Pakistan | 20,647,165 |
| NetSol Technologies | 19,228,000 |
| Unity Foods | 16,488,242 |
| Azgard Nine | 15,868,500 |
| Byco Petroleum Pakistan | 15,776,500 |
| Pakistan Refinery | 13,683,500 |
| Telecard | 13,646,500 |
| First National Equities | 12,925,500 |
| Ghani Global Holdings | 10,416,000 |
| K-Electric | 9,965,500 |
| Sector | Volume |
|---|---|
| Technology & Communication | 76,424,965 |
| Refinery | 37,460,200 |
| Cement | 23,125,078 |
| Chemical | 20,050,710 |
| Power Generation & Distribution | 19,699,366 |
| Food & Personal Care Products | 19,683,442 |
| Textile Composite | 18,825,610 |
| Engineering | 18,388,825 |
| Inv. Banks / Inv. Cos. / Securities Cos. | 18,187,877 |
| Commercial Banks | 11,926,118 |
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