February 28, 2022 (MLN): The capital market witnessed a volatile trading session as investors swayed both sides in search of direction. However, in the later hours buying activity was observed which led the benchmark KSE-100 index to close at 44,461.01 with a gain of 476.77 points.
The market witnessed a steady reversal in later hours of the session on the back of anticipation that PM Imran Khan will announce a few incentives today. Resultantly, investors capitalized on that and took positions on attractive valuations, post-closing note by Aba Ali Habib Securities highlighted.
Moreover, international oil prices saw a mild correction which also boosted the investors’ confidence.
The index traded in a range of 917.93 points or 2.09 percent of the previous close, showing an intraday high of 44,557.10 and a low of 43,639.17.
Of the 91 traded companies in the KSE100 Index 69 closed up 18 closed down, while 4 remained unchanged. The total volume traded for the index was 81.02 million shares.
Sectors propping up the index were Fertilizer with 99 points, Oil & Gas Exploration Companies with 82 points, Cement with 70 points, Power Generation & Distribution with 36 points and Commercial Banks with 36 points.
The most points added to the index was by MEBL which contributed 52 points followed by LUCK with 43 points, ENGRO with 36 points, HUBC with 33 points and OGDC with 27 points.
Sector-wise, the index was let down by Real Estate Investment Trust with 5 points, Leather & Tanneries with 3 points and Chemical with 3 points.
The most points taken off the index was by COLG which stripped the index of 15 points followed by NBP with 11 points, TRG with 10 points, UBL with 7 points and BAFL with 6 points.
All share volume decreased by 33.52 million to 208.12 million shares. Market Cap increased by Rs75.57 billion.
Total companies traded were 340 compared to 356 from the previous session. Of the scrips traded 226 closed up, 96 closed down while 18 remained unchanged.
Total trades decreased by 6,480 to 96,526.
Value Traded decreased by 0.67 Billion to Rs6.06 billion
| Company | Volume |
|---|---|
| Agritech | 15,675,500 |
| TPL Properties | 14,272,500 |
| Flying Cement(R) | 12,934,500 |
| Worldcall Telecom | 10,541,500 |
| Ghani Global Holdings | 10,511,000 |
| Cnergyico PK | 8,435,763 |
| Telecard | 8,359,003 |
| TRG Pakistan | 6,660,827 |
| Aisha Steel Mills | 5,878,302 |
| K-Electric | 5,003,000 |
| Sector | Volume |
|---|---|
| Technology & Communication | 37,231,232 |
| Chemical | 32,374,690 |
| Cement | 20,873,288 |
| Miscellaneous | 16,197,700 |
| Food & Personal Care Products | 13,491,907 |
| Engineering | 11,287,874 |
| Refinery | 10,307,685 |
| Commercial Banks | 10,112,606 |
| Power Generation & Distribution | 10,025,759 |
| Glass & Ceramics | 7,228,900 |
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