March 28, 2023 (MLN): The local equities experienced yet another uninspiring trading session as economic uncertainty and political instability continued to prevail.
According to reports, Finance Minister Ishaq Dar recently addressed the media, stating that Pakistan is counting on its friendly nations to fulfill their commitments, which will facilitate the completion of an agreement with the IMF and bolster the country's economy.
Adding fuel to the fire, the foreign investors' repatriation of profits and dividends dropped by a significant 80.36% YoY during the first eight months of the current fiscal year, plummeting to $225 million from $1.14 billion in the same period last year, which left investors on the sidelines.
As a result, the benchmark KSE-100 index managed to gain only 82 points to close at 40,082.37, marking an intraday high of 40,204.40.
Of the 92 traded companies in the KSE100 Index 49 closed up 38 closed down, while 5 remained unchanged. The total volume traded for the index was 36.70 million shares.
Sectors propping up the index were Commercial Banks with 31 points, Fertilizer with 25 points, Food & Personal Care Products with 21 points, Tobacco with 15 points and Inv. Banks / Inv. Cos. / Securities Cos. with 14 points.
The most points added to the index was by HBL which contributed 36 points followed by FFC with 18 points, MCB with 17 points, PAKT with 15 points and DAWH with 14 points.
Sector-wise, the index was let down by Miscellaneous with 43 points, Property with 9 points, Technology & Communication with 6 points, Power Generation & Distribution with 5 points and Cable & Electrical Goods with 1 points.
The most points taken off the index was by PSEL which stripped the index of 43 points followed by HMB with 15 points, LUCK with 11 points, JVDC with 9 points and PPL with 7 points.
All Share Volume increased by 22.70 mn to 87.22mn shares. Market Cap increased by Rs30.31bn.
The total number of companies traded was 300 compared to 298 from the previous session. Of the scrips traded 136 closed up, 134 closed down and 30 remained unchanged.
Total trades increased by 3,264 to 46,067.
Value Traded increased by 0.81bn to Rs3.31bn
| Company | Volume |
|---|---|
| Telecard | 23,781,500 |
| Worldcall Telecom | 4,170,588 |
| K-Electric | 3,769,542 |
| Habib Bank | 3,527,993 |
| D.G. Khan Cement Company | 3,430,473 |
| Maple Leaf Cement Factory | 2,560,318 |
| Highnoon Laboratories | 1,742,600 |
| The Searle Company | 1,415,931 |
| TRG Pakistan | 1,360,924 |
| Fauji Cement Company | 1,344,000 |
| Sector | Volume |
|---|---|
| Technology & Communication | 31,799,919 |
| Cement | 9,866,629 |
| Commercial Banks | 8,201,757 |
| Power Generation & Distribution | 6,064,768 |
| Pharmaceuticals | 3,730,130 |
| Oil & Gas Marketing Companies | 3,464,921 |
| Food & Personal Care Products | 2,692,855 |
| Chemical | 2,676,583 |
| Oil & Gas Exploration Companies | 2,413,219 |
| Engineering | 1,856,199 |
Copyright Mettis Link News
Posted on: 2023-03-28T14:49:02+05:00
