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PSX Closing Bell: Blooming Hell

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March 8, 2021 (MLN): The KSE-100 index ended the trading session on Monday with a 786.29 point or 1.72 percent decline to close at 45,051.06.

The index opened up on an extremely positive note as it went on to gain over 300 points during the initial hours of the trading activity on account of rising political stability. However, the situation quickly took a turn for worse after the brent crude oil surged more than two percent following a missile attack on facilities owned by energy giant Aramco in Saudi Arabia.

On local front, Hub Power Holdings Limited, a wholly owned subsidiary of The Hub Power Company Limited together with ENI’s local employees (in a 50:50 joint venture) executed definitive agreements to acquire all the upstream operations in Pakistan of Eni and renewable energy assets owned by Eni in Pakistan.

The Index traded in a range of 1587.09 points or 3.46 percent of previous close, showing an intraday high of 46,435.75 and a low of 44,848.66.

Of the 96 traded companies in the KSE100 Index 14 closed up 82 closed down, while 0 remained unchanged. Total volume traded for the index was 235.65 million shares.

Sector wise, the index was let down by Cement with 205 points, Commercial Banks with 104 points, Power Generation & Distribution with 67 points, Automobile Assembler with 49 points and Pharmaceuticals with 46 points.

The most points taken off the index was by LUCK which stripped the index of 85 points followed by HUBC with 48 points, HBL with 39 points, DGKC with 36 points and INDU with 24 points.

Sectors propping up the index were Tobacco with 7 points, Close – End Mutual Fund with 2 points and Glass & Ceramics with 1 points.

The most points added to the index was by PAKT which contributed 10 points followed by POL with 10 points, ANL with 7 points, MEBL with 3 points and FCEPL with 2 points.

All Share Volume increased by 142.63 Million to 459.87 Million Shares. Market Cap decreased by Rs.109.07 Billion.

Total companies traded were 405 compared to 409 from the previous session. Of the scrips traded 85 closed up, 311 closed down while 9 remained unchanged.

Total trades increased by 47,169 to 167,248.

Value Traded increased by 8.81 Billion to Rs.24.75 Billion

Company Volume

Top Ten by Volume

Azgard Nine 48,203,500
Unity Foods 45,359,701
TRG Pakistan 35,358,942
Pakistan Refinery 20,792,500
Byco Petroleum Pakistan 19,808,000
Ghani Global Holdings 17,732,000
Telecard 16,366,500
K-Electric 10,355,500
Fauji Fertilizer Bin Qasim 10,035,000
Pakistan International Bulk Terminal 9,258,500

 

Sector Volume

Top Sector by Volume

Technology & Communication 78,832,642
Food & Personal Care Products 56,073,661
Textile Composite 53,236,140
Refinery 47,955,000
Cement 38,219,031
Chemical 26,796,400
Commercial Banks 26,710,635
Power Generation & Distribution 18,630,104
Glass & Ceramics 18,318,000
Engineering 18,049,190

 

 

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Posted on: 2021-03-08T17:25:00+05:00

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