PSX Closing Bell: Don’t Think Twice, It’s All Right

Feb 25, 2021 (MLN): Bourse gained for the first time during the week, hitting breaks on a three-day losing streak as international oil prices reached one year high of USD 66.80/bbl. Accordingly, the benchmark KSE-100 index gained 603 points today to settle at 45,965 level, up by 1.33% from the previous close.

Besides, the anticipation of FATF’s decision on Pakistan's status on the grey list helped the index move up.

 The investors' sentiments remained buoyed throughout the session, in addition, strong corporate results by UBL, MLCF, PIOC, Nestle, and GTYR further strengthened investors’ confidence.

The Index remained positive throughout the session touching an intraday high of 46,007.92

Of the 98 traded companies in the KSE100 Index 74 closed up 22 closed down, while 2 remained unchanged. Total volume traded for the index was 202.34 million shares.

Sectors propping up the index were Commercial Banks with 160 points, Cement with 145 points, Technology & Communication with 95 points, Fertilizer with 42 points and Power Generation & Distribution with 41 points.

The most points added to the index was by TRG which contributed 96 points followed by LUCK with 87 points, UBL with 57 points, HBL with 50 points and ENGRO with 27 points.

Sector wise, the index was let down by Tobacco with 5 points, Inv. Banks / Inv. Cos. / Securities Cos. with 5 points, Insurance with 4 points, Glass & Ceramics with 3 points and Textile Spinning with 2 points.

The most points taken off the index was by MCB which stripped the index of 10 points followed by DAWH with 8 points, NML with 6 points, EFUG with 6 points and PMPK with 5 points.

All Share Volume decreased by 88.53 Million to 468.97 Million Shares. Market Cap increased by Rs.83.47 Billion.

Total companies traded were 416 compared to 420 from the previous session. Of the scrips traded 286 closed up, 111 closed down while 19 remained unchanged.

Total trades decreased by 30,201 to 147,636.

Value Traded decreased by 2.99 Billion to Rs.23.26 Billion

CompanyVolume

Top Ten by Volume

Telecard36,199,000
Byco Petroleum Pakistan34,599,000
Unity Foods33,172,359
K-Electric32,179,000
TRG Pakistan30,139,558
Hum Network25,953,000
First Dawood Investment Bank18,787,500
Worldcall Telecom17,584,500
Media Times15,767,000
NetSol Technologies14,321,500

 

SectorVolume

Top Sector by Volume

Technology & Communication147,230,758
Refinery48,058,600
Food & Personal Care Products41,202,399
Power Generation & Distribution39,342,398
Cement32,025,042
Inv. Banks / Inv. Cos. / Securities Cos.31,679,072
Commercial Banks26,335,743
Textile Composite24,045,800
Engineering10,536,787
Chemical10,482,510

 

 

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Posted on: 2021-02-25T17:57:00+05:00

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