May 27, 2022 (MLN): Following the government’s decision to increase fuel prices to meet IMF demand, Pakistan stock market witnessed buying activity most of the day with profit taking towards the close, leading the benchmark KSE-100 index to settle at 42,861 level, up by 319 points or 0.75% DoD.
The index remained positive throughout the session, touching an intraday high of 43,552 points as the IMF tranche worth over $900m is likely to be finalized after the talks in Doha on the resumption of EFF program.
Of the 94 traded companies in the KSE100 Index 63 closed up 30 closed down, while 1 remained unchanged. Total volume traded for the index was 236.80 million shares.
Sectors propping up the index were Fertilizer with 44 points, Oil & Gas Exploration Companies with 43 points, Commercial Banks with 41 points, Chemical with 38 points and Cement with 35 points.
The most points added to the index was by FFC which contributed 31 points followed by OGDC with 30 points, EPCL with 25 points, MTL with 21 points and SYS with 20 points.
Sector wise, the index was let down by Food & Personal Care Products with 8 points, Transport with 3 points, Close – End Mutual Fund with 2 points, Leather & Tanneries with 1 points and Engineering with 1 points.
The most points taken off the index was by ENGRO which stripped the index of 11 points followed by NBP with 9 points, PTC with 7 points, UNITY with 6 points and IGIHL with 4 points.
All Share Volume increased by 180.60 Million to 527.67 Million Shares. Market Cap increased by Rs.57.07 Billion.
Total companies traded were 368 compared to 351 from the previous session. Of the scrips traded 223 closed up, 131 closed down while 14 remained unchanged.
Total trades increased by 30,870 to 168,080.
Value Traded increased by 4.93 Billion to Rs.13.97 Billion
| Company | Volume |
|---|---|
| Cnergyico PK | 64,002,196 |
| Pakistan Refinery | 55,636,420 |
| Worldcall Telecom | 21,506,000 |
| Hum Network | 21,350,000 |
| Ghani Global Holdings | 19,588,012 |
| Pak Elektron | 19,205,500 |
| Telecard | 19,065,000 |
| K-Electric | 15,469,500 |
| Unity Foods | 12,541,292 |
| Fauji Foods | 11,961,000 |
| Sector | Volume |
|---|---|
| Refinery | 125,910,649 |
| Technology & Communication | 95,715,728 |
| Chemical | 41,329,628 |
| Food & Personal Care Products | 35,575,762 |
| Commercial Banks | 35,214,419 |
| Cement | 33,450,759 |
| Cable & Electrical Goods | 26,128,150 |
| Power Generation & Distribution | 20,964,913 |
| Oil & Gas Marketing Companies | 17,760,305 |
| Miscellaneous | 12,247,381 |
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