February 1, 2021 (MLN): Despite positive development on economic front (24-month low inflation figures) and strong corporate earnings, the benchmark KSE-100 index ended today’s session on a negative note to settle at 46,248 level with a loss of 137 points.
The market remained positive during the initial hours of the session however, it couldn’t sustain momentum as investors preferred to book profit due to potential impact of recent shift in gas supply policy to domestic industrial units.
After consultation with business community over the weekend, federal government maintained its decision to gradually disconnect gas supply to industrial units which use gas for power generation, a closing note by Aba Ali Habib Securities said.
Furthermore, government’s decision to raise local fuel prices by around Rs 2.31 per litre also dented market confidence on rising input cost concerns, it added.
The Index traded in a range of 572.38 points or 1.23 percent of previous close, showing an intraday high of 46,762.64 and a low of 46,190.26.
Of the 99 traded companies in the KSE100 Index 42 closed up 56 closed down, while 1 remained unchanged. Total volume traded for the index was 375.69 million shares.
Sector wise, the index was let down by Cement with 85 points, Commercial Banks with 74 points, Technology & Communication with 51 points, Engineering with 24 points and Oil & Gas Marketing Companies with 18 points.
The most points taken off the index was by TRG which stripped the index of 58 points followed by LUCK with 46 points, UBL with 19 points, HBL with 16 points and ANL with 15 points.
Sectors propping up the index were Fertilizer with 36 points, Automobile Assembler with 27 points, Pharmaceuticals with 18 points, Refinery with 13 points and Inv. Banks / Inv. Cos. / Securities Cos. with 12 points.
The most points added to the index was by ENGRO which contributed 38 points followed by MTL with 18 points, SEARL with 17 points, ATRL with 14 points and MARI with 14 points.
All Share Volume decreased by 146.68 Million to 693.62 Million Shares. Market Cap decreased by Rs.15.07 Billion.
Total companies traded were 430 compared to 425 from the previous session. Of the scrips traded 193 closed up, 219 closed down while 18 remained unchanged.
Total trades increased by 2,252 to 215,157.
Value Traded decreased by 2.06 Billion to Rs.30.54 Billion
| Company | Volume |
|---|---|
| Pakistan Refinery | 81,621,000 |
| K-Electric | 65,107,000 |
| Pakistan International Bulk Terminal | 62,072,000 |
| Hascol Petroleum | 38,565,467 |
| TRG Pakistan | 29,544,000 |
| Silkbank | 26,502,500 |
| Worldcall Telecom | 25,444,500 |
| Telecard | 21,895,000 |
| Hum Network | 17,811,000 |
| Kot Addu Power Company | 15,260,500 |
| Sector | Volume |
|---|---|
| Refinery | 109,436,200 |
| Technology & Communication | 105,003,500 |
| Power Generation & Distribution | 85,208,763 |
| Transport | 62,858,400 |
| Oil & Gas Marketing Companies | 48,703,333 |
| Commercial Banks | 45,245,302 |
| Cement | 31,590,456 |
| Food & Personal Care Products | 25,710,460 |
| Engineering | 23,572,741 |
| Chemical | 22,450,300 |
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