April 20, 2021 (MLN): After yesterday’s sell-off, the capital markets witnessed a rebound with the benchmark KSE-100 Index closing the day above the psychological 45k level to settle at 45, 400, up by 486 points or a 1.08% increase.
As per a closing note by Topline securities, the markets gained impetus from the successful negotiation between the government and the protesting right-wing political parties.
The announcement of rollover of USD 2 billion from UAE and an 8% MoM increase in FDI in the month of March further fuelled the investors’ sentiments.
The market sentiments also relied on the robust corporate earnings of HBL, MCB bank, ASTL and ISL.
Moreover, the notable highlight in today’s session was TRG Pakistan's announcement regarding one of its associates, which entered into a definitive agreement to sell all of its economic stake in its health insurance marketing subsidiary to a leading US-based marketing company active in the insurance and financial services industry.
The Index remained positive throughout the session touching an intraday high of 45,557.17.
Of the 97 traded companies in the KSE100 Index 75 closed up 21 closed down, while 1 remained unchanged. Total volume traded for the index was 128.39 million shares.
Sectors propping up the index were Technology & Communication with 121 points, Commercial Banks with 78 points, Food & Personal Care Products with 43 points, Cement with 37 points and Fertilizer with 35 points.
The most points added to the index was by TRG which contributed 124 points followed by HBL with 36 points, UNITY with 25 points, LUCK with 21 points and COLG with 20 points.
Sector wise, the index was let down by Oil & Gas Exploration Companies with 13 points and Refinery with 4 points.
The most points taken off the index was by MARI which stripped the index of 12 points followed by EPCL with 11 points, MCB with 7 points, POL with 6 points and NRL with 3 points.
All Share Volume decreased by 19.82 Million to 343.28 Million Shares. Market Cap increased by Rs.84.76 Billion.
Total companies traded were 401 compared to 379 from the previous session. Of the scrips traded 280 closed up, 102 closed down while 19 remained unchanged.
Total trades increased by 4,523 to 116,005.
Value Traded increased by 1.49 Billion to Rs.14.21 Billion
| Company | Volume |
|---|---|
| Worldcall Telecom | 57,044,000 |
| Unity Foods | 30,641,019 |
| Ghani Global Holdings | 24,647,000 |
| TRG Pakistan | 18,932,319 |
| Telecard | 13,528,500 |
| Silkbank | 12,201,000 |
| Aisha Steel Mills | 12,115,500 |
| Byco Petroleum Pakistan | 10,373,500 |
| Hum Network | 7,327,000 |
| Fauji Foods | 6,807,500 |
| Sector | Volume |
|---|---|
| Technology & Communication | 111,135,819 |
| Food & Personal Care Products | 44,602,299 |
| Chemical | 29,854,260 |
| Engineering | 28,340,306 |
| Commercial Banks | 23,867,124 |
| Refinery | 21,009,500 |
| Cement | 16,968,784 |
| Inv. Banks / Inv. Cos. / Securities Cos. | 11,225,667 |
| Glass & Ceramics | 8,833,500 |
| Fertilizer | 7,413,433 |
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