February 23, 2022 (MLN): The Pakistan Stock Exchange (PSX) on Wednesday witnessed a volatile trading session as investors swayed both sides in search of direction, however, it seemed that in line with global equities, the benchmark KSE-100 index is also caught in the crossfire between Russia and NATO because of Ukraine.
On the domestic front, the investors welcomed the IT Sector's Incentive Package announced by Prime Minister Imran Khan yesterday as market opened on a positive note with a gain of over 100 points. The announcement regarding the establishment of the Rs1bn fund along with other incentives dedicated to promote Startups and IT freelancing brought the technology stocks on the investors' radar as they enticed fresh flows into the tech sector, post-closing note by Topline Securities noted.
On the other hand, the political unrest in the country has compelled investors to remain cautious. However, the buying activity during the last trading hours led the index to close in green with a gain of 120.74 points to settle at the 45,132.92 mark.
The Index traded in a range of 475.17 points or 1.06 percent of the previous close, showing an intraday high of 45,231.40 and a low of 44,756.23.
Of the 92 traded companies in the KSE100 Index 48 closed up 44 closed down, while 0 remained unchanged. The total volume traded for the index was 94.49 million shares.
Sectors propping up the index were Cement with 69 points, Commercial Banks with 48 points, Automobile Assembler with 19 points, Tobacco with 12 points and Technology & Communication with 11 points.
The most points added to the index was by UBL which contributed 58 points followed by MLCF with 26 points, MARI with 19 points, HMB with 17 points and MTL with 15 points.
Sector-wise, the index was let down by Oil & Gas Marketing Companies with 15 points, Textile Composite with 13 points, Insurance with 12 points, Inv. Banks / Inv. Cos. / Securities Cos. with 6 points and Pharmaceuticals with 4 points.
The most points taken off the index was by MEBL which stripped the index of 22 points followed by NML with 12 points, ENGRO with 10 points, POL with 9 points and COLG with 9 points.
All Share Volume decreased by 40.82 million to 186.36 million Shares. Market Cap increased by Rs8.65 billion.
Total companies traded were 348 compared to 341 from the previous session. Of the scrips traded 178 closed up, 153 closed down while 17 remained unchanged.
Total trades decreased by 17,243 to 95,381.
Value Traded decreased by 0.82 billion to Rs6.80 billion
| Company | Volume |
|---|---|
| The Bank of Punjab | 13,629,000 |
| Telecard | 12,292,564 |
| Worldcall Telecom | 11,558,500 |
| Maple Leaf Cement Factory | 10,588,676 |
| TPL Properties | 9,426,000 |
| Ghani Global Holdings | 6,689,000 |
| TRG Pakistan | 6,688,716 |
| United Bank | 5,367,261 |
| TPL Corp | 5,209,000 |
| Hum Network | 4,973,824 |
| Sector | Volume |
|---|---|
| Technology & Communication | 47,083,704 |
| Commercial Banks | 24,746,769 |
| Cement | 22,637,326 |
| Chemical | 13,964,210 |
| Miscellaneous | 10,169,600 |
| Food & Personal Care Products | 9,674,469 |
| Power Generation & Distribution | 8,241,453 |
| Oil & Gas Marketing Companies | 6,181,597 |
| Refinery | 5,886,986 |
| Fertilizer | 5,884,798 |
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