June 21, 2021 (MLN): After a day’s breather, the capital market traded in a narrow range, with the KSE-100 index touching an intraday high of 132 points to eventually close the session in red at 48,012.52 points. This was 226 points or 0.47% lower compared to the previous closing.
The post-budget macro cues displaced investors’ confidence in local equities as the local currency continued its free-fall against the USD. The US dollar increased to PKR/-157.25 in intraday trading, marking a change of PKR 0.36 paisa against, a closing note by Aba Ali Habib research said.
The start of FATF’s four-day virtual conference to discuss Pakistan’s Post Observation Period Report (POPR) also added to bearish sentiments whereby the group is expected to issue a final report on June 25, it added.
The Index traded in a range of 407.97 points or 0.85 percent of previous close, showing an intraday high of 48,372.01 and a low of 47,964.04.
Of the 97 traded companies in the KSE100 Index 29 closed up 66 closed down, while 2 remained unchanged. Total volume traded for the index was 227.40 million shares.
Sector wise, the index was let down by Cement with 64 points, Commercial Banks with 33 points, Chemical with 25 points, Fertilizer with 24 points and Oil & Gas Marketing Companies with 20 points.
The most points taken off the index was by LUCK which stripped the index of 33 points followed by PSO with 22 points, MCB with 20 points, COLG with 15 points and ENGRO with 14 points.
Sectors propping up the index were Food & Personal Care Products with 16 points, Inv. Banks / Inv. Cos. / Securities Cos. with 9 points, Textile Spinning with 4 points, Transport with 3 points and Power Generation & Distribution with 1 points.
The most points added to the index was by SYS which contributed 19 points followed by FCEPL with 12 points, MEBL with 6 points, SNGP with 6 points and HUBC with 6 points.
All Share Volume increased by 88.63 Million to 839.19 Million Shares. Market Cap decreased by Rs.37.33 Billion.
Total companies traded were 411 compared to 405 from the previous session. Of the scrips traded 163 closed up, 233 closed down while 15 remained unchanged.
Total trades decreased by 11,747 to 162,340.
Value Traded decreased by 4.79 Billion to Rs.15.88 Billion
| Company | Volume |
|---|---|
| Silkbank | 235,101,000 |
| Hum Network | 60,357,000 |
| Worldcall Telecom | 58,453,500 |
| Pakistan International Bulk Terminal | 45,697,000 |
| Fauji Foods | 42,815,500 |
| Byco Petroleum Pakistan | 35,705,500 |
| K-Electric | 24,002,500 |
| Ghani Global Glass | 20,748,500 |
| Unity Foods | 20,544,323 |
| First National Equities | 15,076,000 |
| Sector | Volume |
|---|---|
| Commercial Banks | 261,361,819 |
| Technology & Communication | 153,335,789 |
| Food & Personal Care Products | 82,424,183 |
| Transport | 50,092,300 |
| Refinery | 42,453,100 |
| Power Generation & Distribution | 30,173,781 |
| Inv. Banks / Inv. Cos. / Securities Cos. | 28,233,000 |
| Glass & Ceramics | 27,412,500 |
| Oil & Gas Marketing Companies | 24,661,178 |
| Miscellaneous | 23,736,700 |
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