May 04, 2021 (MLN): The capital markets turned positive on Tuesday as optimism gripped the investors, which continued throughout the session owing to series of news-flow, with the benchmark KSE-100 index advancing 487.39 points and closed at 44,563.59 i.e., up by 1.11% compared to yesterday's close.
The major trigger for today’s rally was a 57%YoY improvement in local oil sales to 1.67 MTs in the month of April which shows an uptick in overall economic activity despite virus spread.
Investors’ sentiments in bourse were also buoyed due to the statement from newly appointed Finance Minister, Shaukat Tarin stating that a policy has been prepared to shift from stabilization mode to economic growth and there might be some renegotiation with IMF over a delay in an increase in power tariff, a closing report by Topline Securities said.
The Index remained positive throughout the session touching an intraday high of 44,620.41
Of the 94 traded companies in the KSE100 Index, 70 closed up 22 closed down, while 2 remained unchanged. The total volume traded for the index was 108.32 million shares.
Sectors propping up the index were Technology & Communication with 127 points, Commercial Banks with 84 points, Fertilizer with 61 points, Cement with 43 points and Food & Personal Care Products with 27 points.
The most points added to the index were by TRG which contributed 116 points followed by LUCK with 38 points, HBL with 32 points, UNITY with 31 points and MCB with 23 points.
Sector-wise, the index was let down by Tobacco with 26 points, Transport with 2 points and Glass & Ceramics with 1 point.
The most points taken off the index was by PAKT which stripped the index of 26 points followed by KTML with 8 points, NESTLE with 6 points, ICI with 5 points and DGKC with 3 points.
All Share Volume decreased by 16.94 Million to 221.50 Million Shares. Market Cap increased by Rs.35.09 Billion.
Total companies traded were 371 compared to 360 from the previous session. Of the scrips traded 242 closed up, 110 closed down while 19 remained unchanged.
Total trades decreased by 5,442 to 81,389.
Value Traded decreased by 1.23 Billion to Rs.10.09 Billion
| Company | Volume |
|---|---|
| Unity Foods | 33,874,028 |
| Telecard | 26,289,000 |
| Ghani Global Holdings | 23,573,000 |
| TRG Pakistan | 18,274,850 |
| Hascol Petroleum | 8,889,906 |
| Worldcall Telecom | 8,000,500 |
| Dost Steels | 5,017,500 |
| Pakistan International Bulk Terminal | 4,737,500 |
| Azgard Nine | 4,515,500 |
| Balochistan Glass | 4,184,500 |
| Sector | Volume |
|---|---|
| Technology & Communication | 64,825,350 |
| Food & Personal Care Products | 37,394,608 |
| Chemical | 25,952,450 |
| Commercial Banks | 11,957,509 |
| Oil & Gas Marketing Companies | 11,061,371 |
| Engineering | 9,515,333 |
| Glass & Ceramics | 8,392,000 |
| Refinery | 7,521,300 |
| Textile Composite | 7,470,920 |
| Cement | 5,563,843 |
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