May 28, 2021 (MLN): The Pakistan Stock Exchange showed a consistent performance today as the benchmark KSE-100 Index went up around 456 points in intraday trading amid monetary policy announcement later in the day whereby market participants expected Central Bank to maintain the interest rate at 7%.
The index concluded the session in a green territory by gaining 335 points today and closed at 47, 126.29 points. This was 0.72% higher compared to the previous closing.
According to the closing note by Arif Habib Ltd, the macro news flow on Pakistan’s green bond as well as improved real GDP estimates helped to lift investor sentiment, which was further supplemented by inching up of international crude oil prices.
Yesterday, PSX recorded a trading volume of over 2 billion shares, the highest on any single day. Commenting on this, an Economist, Ali Khizar tweeted, “Brokers, punters, and analysts are upbeat about record-breaking volumes traded at the PSX in the last few sessions. Every day is an all-time high. But that growth in volumes is not necessarily healthy, as volume leaders are extremely low-value stocks.”
The Index traded in a range of 547.91 points or 1.17 percent of the previous close, showing an intraday high of 47,248.28 and a low of 46,700.37.
Of the 95 traded companies in the KSE100 Index, 58 closed up 37 closed down, while 0 remained unchanged. The total volume traded for the index was 223.70 million shares.
Sectors propping up the index were Commercial Banks with 98 points, Oil & Gas Exploration Companies with 96 points, Oil & Gas Marketing Companies with 53 points, Fertilizer with 39 points and Automobile Assembler with 22 points.
The most points added to the index was by BAHL which contributed 47 points followed by SYS with 46 points, PPL with 46 points, HBL with 39 points and OGDC with 35 points.
Sector-wise, the index was let down by Chemical with 11 points, Insurance with 7 points, Automobile Parts & Accessories with 5 points, Technology & Communication with 4 points and Pharmaceuticals with 3 points.
The most points taken off the index was by TRG which stripped the index of 48 points followed by AICL with 11 points, DGKC with 8 points, COLG with 7 points and SEARL with 5 points.
All Share Volume decreased by 1260.17 Million to 959.89 Million Shares. Market Cap increased by Rs.64.56 Billion.
Total companies traded were 414 compared to 432 from the previous session. Of the scrips traded 239 closed up, 160 closed down while 15 remained unchanged.
Total trades decreased by 101,219 to 183,093.
Value Traded decreased by 20.09 Billion to Rs.22.75 Billion
| Company | Volume |
|---|---|
| Worldcall Telecom | 381,390,000 |
| Silkbank | 56,306,000 |
| Byco Petroleum Pakistan | 38,752,500 |
| Hum Network | 35,230,000 |
| Nimir Resins | 21,934,000 |
| Dost Steels | 20,641,500 |
| Oil & Gas Development Company | 16,838,692 |
| Ghani Global Holdings | 16,475,500 |
| K-Electric | 16,020,500 |
| Fauji Foods | 15,507,500 |
| Sector | Volume |
|---|---|
| Technology & Communication | 476,148,688 |
| Commercial Banks | 87,677,419 |
| Food & Personal Care Products | 52,127,480 |
| Chemical | 46,035,590 |
| Refinery | 44,742,600 |
| Engineering | 37,381,705 |
| Oil & Gas Marketing Companies | 32,355,355 |
| Power Generation & Distribution | 28,369,157 |
| Cement | 25,160,562 |
| Oil & Gas Exploration Companies | 24,316,026 |
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