March 10, 2021 (MLN): The KSE 100 index ended the trading session on Wednesday with a 531.23 point or 1.20 percent decline to close at 43,691.68.
The YTD return on benchmark index turned negative for the first time in CY21 after today's performance, showing a decline of 63 points or 0.15% as compared to the closing of the previous year.
However, compared to CY21 high of 46,933.63 points witnessed on February 3, the index has fallen by 3241.95 points or 6.91%.
Bearish momentum continued for the third consecutive day as political uncertainty pushed investors to book profits across all sectors. Fear of redemption by Mutual Funds caused further chaos on the trading floors.
Amidst all the noise, AICL registered a growth of 4.51% and emerged as one of the best performing stocks today after it announced the decision by its wholly owned subsidiary company, Adamjee Life Assurance Company Limited, to list itself on the Pakistan Stock Exchange through Initial Public Offering.
The Index traded in a range of 801.94 points or 1.81 percent of previous close, showing an intraday high of 44,422.71 and a low of 43,620.77.
Of the 95 traded companies in the KSE100 Index 25 closed up 67 closed down, while 3 remained unchanged. Total volume traded for the index was 188.32 million shares.
Sector wise, the index was let down by Technology & Communication with 130 points, Cement with 60 points, Fertilizer with 52 points, Power Generation & Distribution with 46 points and Oil & Gas Marketing Companies with 32 points.
The most points taken off the index was by TRG which stripped the index of 76 points followed by SYS with 52 points, LUCK with 43 points, HUBC with 35 points and HBL with 31 points.
Sectors propping up the index were Insurance with 7 points, Paper & Board with 3 points and Leather & Tanneries with 2 points.
The most points added to the index was by UBL which contributed 12 points followed by MEBL with 11 points, AICL with 11 points, BAHL with 10 points and FCCL with 8 points.
All Share Volume decreased by 129.07 Million to 363.24 Million Shares. Market Cap decreased by Rs.99.37 Billion.
Total companies traded were 397 compared to 419 from the previous session. Of the scrips traded 110 closed up, 271 closed down while 16 remained unchanged.
Total trades decreased by 25,834 to 148,548.
Value Traded decreased by 2.29 Billion to Rs.21.14 Billion
| Company | Volume |
|---|---|
| TRG Pakistan | 38,162,837 |
| Unity Foods | 25,040,513 |
| Ghani Global Holdings | 19,176,000 |
| Fauji Fertilizer Bin Qasim | 15,796,500 |
| Pakistan Refinery | 14,982,000 |
| Fauji Cement Company | 12,952,000 |
| Hum Network | 10,801,000 |
| Pakistan International Bulk Terminal | 9,972,500 |
| Attock Refinery | 9,610,100 |
| Byco Petroleum Pakistan | 8,433,500 |
| Sector | Volume |
|---|---|
| Technology & Communication | 73,106,837 |
| Cement | 40,373,197 |
| Refinery | 34,498,100 |
| Food & Personal Care Products | 32,829,903 |
| Chemical | 30,464,270 |
| Commercial Banks | 24,438,270 |
| Fertilizer | 20,312,420 |
| Engineering | 14,533,088 |
| Power Generation & Distribution | 13,335,302 |
| Oil & Gas Marketing Companies | 12,255,216 |
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