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PSX Closing Bell: Distance over Time

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Jun 09, 2021 (MLN): The KSE -100 Index opened on a positive note but lost momentum in the second half as selling pressure forced the index to pare 370.36 points to settle at 47,777.62 level. This was 0.77 % lower compared to yesterday’s closing.

Throughout the week, the benchmark index faced stern resistance at the key 48,000 level, which led participants to resort to profit-booking at elevated equities prices.

Investors’ confidence remained weak during the trading as the government continued to discuss key relief measures for the upcoming budget with the International Monetary Fund (IMF), as per the market closing note by Aba Ali Habib.

The Index traded in a range of 586.04 points or 1.22 percent of previous close, showing an intraday high of 48,312.51 and a low of 47,726.47.

Of the 96 traded companies in the KSE100 Index, 23 closed up 71 closed down, while 2 remained unchanged. The total volume traded for the index was 296.73 million shares.

Sector-wise, the index was let down by Commercial Banks with 95 points, Oil & Gas Exploration Companies with 68 points, Technology & Communication with 55 points, Cement with 42 points and Power Generation & Distribution with 33 points.

The most points taken off the index was by TRG which stripped the index of 48 points followed by OGDC with 36 points, PPL with 23 points, HBL with 23 points and KAPCO with 20 points.

Sectors propping up the index were Automobile Assembler with 11 points, Inv. Banks / Inv. Cos. / Securities Cos. with 7 points, Real Estate Investment Trust with 4 points, Pharmaceuticals with 2 points and Leasing Companies with 1 points.

The most points added to the index was by INDU which contributed 19 points followed by EFERT with 8 points, PTC with 7 points, UNITY with 7 points and PSX with 5 points.

All Share Volume increased by 314.65 Million to 1355.17 Million Shares. Market Cap decreased by Rs.68.33 Billion.

Total companies traded were 416 compared to 422 from the previous session. Of the scrips traded 130 closed up, 274 closed down while 12 remained unchanged.

Total trades increased by 4,350 to 205,499.

Value Traded decreased by 0.72 Billion to Rs.23.18 Billion

Top Ten by Volume

Company

Volume

Worldcall Telecom

716,814,000

Hum Network

75,861,500

K-Electric

59,628,000

Kot Addu Power Company

41,138,500

Pakistan Telecommunication Company Ltd

34,111,000

TPL Properties

26,787,000

Byco Petroleum Pakistan

25,232,000

Silkbank

16,485,500

Sui Northern Gas Pipelines

15,970,746

Telecard

13,599,500

 

Top Sector by Volume

Sector

Volume

Technology & Communication

885,349,651

Power Generation & Distribution

109,652,968

Miscellaneous

40,102,100

Cement

38,589,789

Inv. Banks / Inv. Cos. / Securities Cos.

38,308,231

Commercial Banks

33,965,265

Oil & Gas Marketing Companies

33,823,881

Refinery

30,456,000

Chemical

27,533,650

Food & Personal Care Products

25,996,27

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Posted on: 2021-06-09T17:52:00+05:00

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