February 8, 2022 (MLN): Domestic stock market remained range bound today due to soaring international oil prices, however it managed to close green where benchmark KSE100 Index settled at a level of 45,948, up by 107 points or 0.23% DoD.
Cement sector stayed under pressure due to higher international coal prices. In the chemical sector, EPCL made the journey to the north as it announced tremendous financial result beating market expectations. FCEPL also announced financial results where, company registered a whopping ten-fold jump in net profits to Rs1.80 billion.
Physiological level of 46,000 was unable to digest by the investors as profit taking was witnessed across the board. Main board activity remained gloomy. Activity continued to remain side-ways as market witnessed hefty volumes in the 3rd tier stocks, Arif Habib Limited in tis market closing note said.
The Index traded in a range of 308.97 points or 0.67 percent of previous close, showing an intraday high of 46,037.85 and a low of 45,728.88.
Of the 95 traded companies in the KSE100 Index 37 closed up 53 closed down, while 5 remained unchanged. Total volume traded for the index was 91.90 million shares.
Sectors propping up the index were Fertilizer with 81 points, Chemical with 33 points, Inv. Banks / Inv. Cos. / Securities Cos. with 29 points, Textile Composite with 24 points and Power Generation & Distribution with 17 points.
The most points added to the index was by ENGRO which contributed 67 points followed by DAWH with 31 points, EPCL with 29 points, NML with 16 points and TRG with 15 points.
Sector wise, the index was let down by Commercial Banks with 56 points, Oil & Gas Exploration Companies with 20 points, Cement with 8 points, Oil & Gas Marketing Companies with 8 points and Food & Personal Care Products with 5 points.
The most points taken off the index was by BAHL which stripped the index of 16 points followed by SYS with 13 points, PPL with 11 points, FCEPL with 9 points and MCB with 8 points.
All Share Volume increased by 37.27 Million to 187.38 Million Shares. Market Cap increased by Rs.9.50 Billion.
Total companies traded were 364 compared to 362 from the previous session. Of the scrips traded 153 closed up, 184 closed down while 27 remained unchanged.
Total trades decreased by 813 to 90,429.
Value Traded increased by 0.85 Billion to Rs.7.10 Billion
| Company | Volume |
|---|---|
| Hum Network | 23,138,009 |
| Engro Polymer & Chemicals | 14,700,000 |
| Worldcall Telecom | 14,212,500 |
| K-Electric | 10,169,500 |
| Pak Elektron | 10,155,500 |
| TRG Pakistan | 7,181,851 |
| Treet Corporation | 5,229,500 |
| Telecard | 5,222,133 |
| Unity Foods | 4,953,563 |
| Ghani Global Holdings | 4,017,500 |
| Sector | Volume |
|---|---|
| Technology & Communication | 56,905,481 |
| Chemical | 22,261,690 |
| Power Generation & Distribution | 16,897,353 |
| Food & Personal Care Products | 14,076,007 |
| Cable & Electrical Goods | 10,889,650 |
| Textile Composite | 8,798,382 |
| Commercial Banks | 8,591,741 |
| Cement | 6,749,466 |
| Fertilizer | 5,496,064 |
| Miscellaneous | 5,462,700 |
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