May 06, 2021 (MLN): Bulls continued to rule the Pakistan Stock Exchange on the last working day before Eid leading the KSE-100 index to close positive as the index gained 231.06 points or a 0.51 % increase to close at 45,174.67-level.
The index extended its winning run into the third straight session, gathering almost 1,099 points in that span.
This positivity in the market can be attributed to Finance Minister’s Statement that Pakistan will request IMF that there is no room to increase power tariff and taxes and reiterated his stance on focus towards growth, a closing report by Topline Securities highlighted.
The Index traded in a range of 354.57 points or 0.79 percent of previous close, showing an intraday high of 45,244.17 and a low of 44,889.60.
Of the 91 traded companies in the KSE100 Index 61 closed up 28 closed down, while 2 remained unchanged. Total volume traded for the index was 78.64 million shares.
Sectors propping up the index were Cement with 80 points, Commercial Banks with 55 points, Technology & Communication with 33 points, Tobacco with 25 points and Power Generation & Distribution with 14 points.
The most points added to the index was by LUCK which contributed 61 points followed by TRG with 37 points, BAFL with 26 points, PAKT with 25 points and KAPCO with 14 points.
Sector wise, the index was let down by Oil & Gas Exploration Companies with 30 points, Chemical with 11 points, Engineering with 6 points, Synthetic & Rayon with 5 points and Automobile Parts & Accessories with 2 points.
The most points taken off the index was by UBL which stripped the index of 20 points followed by EPCL with 13 points, POL with 12 points, MARI with 10 points and PPL with 10 points.
All Share Volume decreased by 14.23 Million to 245.64 Million Shares. Market Cap increased by Rs.54.34 Billion.
Total companies traded were 358 compared to 370 from the previous session. Of the scrips traded 231 closed up, 110 closed down while 17 remained unchanged.
Total trades decreased by 26,299 to 76,183.
Value Traded decreased by 5.34 Billion to Rs.9.47 Billion
|Ghani Global Holdings||10,716,500|
|Aisha Steel Mills||7,408,000|
|Kot Addu Power Company||6,329,000|
|Byco Petroleum Pakistan||3,007,000|
|Technology & Communication||124,945,768|
|Food & Personal Care Products||15,510,559|
|Power Generation & Distribution||11,394,891|
|Oil & Gas Marketing Companies||5,736,395|
|Inv. Banks / Inv. Cos. / Securities Cos.||3,514,648|
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