February 10, 2021 (MLN): The domestic equities remained volatile throughout the day amid political uncertainty, leading the benchmark KSE-100 index to close in red by shedding 30 points to finish the trading at 46,644-level, down by 0.07% from yesterday’s close.
The political activity is heating up in the country as PDM continues its march for fresh elections. Analysts pointed out that the market may have been artificially driven in the past few weeks, with investors' sentiments being highly sensitive to positive indicators. Besides, FATF review is expected by the end of this month, acting as a strong gravitational force to the benchmark, a research note by Aba Ali Habib Securities said.
Meanwhile, it is important to highlight that the volume of the shares traded today touched a 16-year high to 1.01 billion, beating the previous record set in March 2005.
The value of the total trade clocked in at Rs 27.2 billion, while the highest all-time value traded was recorded on May 31, 2017, which was around Rs 53.34 billion when the volume was only 410.8 million shares.
The Index traded in a range of 503.14 points or 1.08 percent of previous close, showing an intraday high of 46,846.78 and a low of 46,343.64.
Of the 94 traded companies in the KSE100 Index 34 closed up 57 closed down, while 3 remained unchanged. Total volume traded for the index was 314.40 million shares.
Sector-wise, the index was let down by Oil & Gas Exploration Companies with 90 points, Commercial Banks with 49 points, Technology & Communication with 33 points, Fertilizer with 20 points, and Engineering with 11 points.
The most points taken off the index was by OGDC which stripped the index of 33 points followed by MARI with 23 points, SYS with 21 points, PPL with 19 points and BAHL with 16 points.
Sectors propping up the index were Cement with 208 points, Automobile Parts & Accessories with 9 points, Tobacco with 5 points, Oil & Gas Marketing Companies with 2 points and Power Generation & Distribution with 1 points.
The most points added to the index was by LUCK which contributed 74 points followed by FCCL with 29 points, CHCC with 25 points, PIOC with 25 points and DGKC with 21 points.
All Share Volume increased by 347.88 Million to 1011.91 Million Shares. Market Cap decreased by Rs.14.16 Billion.
Total companies traded were 412 compared to 420 from the previous session. Of the scrips traded 173 closed up, 223 closed down while 16 remained unchanged.
Total trades decreased by 2,837 to 196,190.
Value Traded decreased by 1.08 Billion to Rs.27.30 Billion
|Fauji Cement Company||25,075,000|
|Maple Leaf Cement Factory||22,585,708|
|Technology & Communication||490,829,360|
|Power Generation & Distribution||112,169,688|
|Oil & Gas Marketing Companies||24,661,261|
|Inv. Banks / Inv. Cos. / Securities Cos.||24,370,782|
|Food & Personal Care Products||19,879,870|
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