April 06, 2022 (MLN): The capital market witnessed a range-bound trading session on Wednesday as investors remained sideways on the back of political uncertainty and the continuous depreciation of PKR.
Bullish sentiments were observed in the early hours of the session owing to the drop in international oil prices but the delay in Supreme Court proceedings forced investors to remain cautious in the later hours.
The political atmosphere endures uncertainty as to who will take over the government which eventually decides the market sentiments in the upcoming days, the post-closing note by Aba Ali Habib Securities said.
Accordingly, the benchmark KSE100 index ended the trading session with a gain of 183.02 points to close at 44,111.10, marking an intraday high of 44,377.60.
Of the 91 traded companies in the KSE100 Index 53 closed up 32 closed down, while 6 remained unchanged. The total volume traded for the index was 47.01 million shares.
Sectors propping up the index were Fertilizer with 64 points, Commercial Banks with 36 points, Technology & Communication with 31 points, Power Generation & Distribution with 29 points, and Inv. Banks / Inv. Cos. / Securities Cos. with 25 points.
The most points added to the index were by ENGRO which contributed 47 points followed by HUBC with 26 points, DAWH with 25 points, SYS with 24 points, and EPCL with 20 points.
Sector-wise, the index was let down by Food & Personal Care Products with 20 points, Pharmaceuticals with 13 points, Oil & Gas Exploration Companies with 6 points, Tobacco with 6 points, and Insurance with 5 points.
The most points taken off the index was by NESTLE which stripped the index of 22 points followed by OGDC with 16 points, ABOT with 7 points, PAKT with 6 points, and SEARL with 6 points.
All Share Volume decreased by 7.23 million to 108.41 million Shares. Market Cap increased by Rs1.46 billion.
Total companies traded were 324 compared to 302 from the previous session. Of the scrips traded 190 closed up, 104 closed down while 30 remained unchanged.
Total trades decreased by 4,059 to 58,639.
Value Traded decreased by 0.31 billion to Rs4.27 billion
| Company | Volume |
|---|---|
| Treet Corporation | 13,434,500 |
| Telecard | 11,966,834 |
| Engro Polymer & Chemicals | 5,562,174 |
| K-Electric | 5,265,000 |
| Ghani Global Holdings | 4,506,500 |
| TPL Properties | 3,935,644 |
| Pak Elektron | 3,629,000 |
| Hum Network | 3,475,368 |
| Maple Leaf Cement Factory | 3,383,069 |
| Worldcall Telecom | 2,989,000 |
| Sector | Volume |
|---|---|
| Technology & Communication | 25,037,827 |
| Food & Personal Care Products | 15,607,235 |
| Chemical | 12,908,874 |
| Power Generation & Distribution | 7,908,688 |
| Cement | 7,867,837 |
| Cable & Electrical Goods | 5,733,700 |
| Miscellaneous | 4,230,944 |
| Commercial Banks | 3,961,495 |
| Fertilizer | 3,627,579 |
| Oil & Gas Exploration Companies | 3,457,578 |
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