March 4, 2021 (MNL): The KSE-100 index ended the trading session on Thursday with a 882.24 point or 1.91 percent decline to close at 45,278.54.
The stock markets seemed to be highly affected by the results of the senate elections, whereon the joint opposition’s candidate Syed Yousaf Raza Gilani secured victory by defeating PTI’s candidate Dr. Abdul Hafeez Sheikh on general seat in the Federal Capital. Nonetheless, Pakistan Tehreek-e-Insaf emerged as the majority party in the Senate after the elections on thirty-seven vacant seats of the Upper House held on Wednesday.
Oil prices, too, left some impact on bourse after it rose for a second straight session on Thursday, as the possibility that OPEC+ producers might decide against increasing output at a key meeting later in the day lent support alongside a drop in U.S. fuel inventories.
The Index remained negative throughout the session touching an intraday low of 45,088.40
Of the 96 traded companies in the KSE100 Index 5 closed up 90 closed down, while 1 remained unchanged. Total volume traded for the index was 215.94 million shares.
Sector wise, the index was let down by Cement with 167 points, Commercial Banks with 142 points, Oil & Gas Exploration Companies with 71 points, Fertilizer with 71 points and Power Generation & Distribution with 60 points.
The most points taken off the index was by LUCK which stripped the index of 67 points followed by TRG with 53 points, HBL with 35 points, HUBC with 34 points and UBL with 31 points.
Sectors propping up the index were Synthetic & Rayon with 2 points.
The most points added to the index was by COLG which contributed 22 points followed by GATI with 2 points and NESTLE with 1 point.
All Share Volume increased by 37.80 Million to 441.50 Million Shares. Market Cap decreased by Rs.143.22 Billion.
Total companies traded were 412 compared to 407 from the previous session. Of the scrips traded 46 closed up, 358 closed down while 8 remained unchanged.
Total trades increased by 7,984 to 156,324.
Value Traded decreased by 2.27 Billion to Rs.21.23 Billion
| Company | Volume |
|---|---|
| K-Electric | 33,106,000 |
| Ghani Global Holdings | 28,669,500 |
| TRG Pakistan | 25,827,172 |
| Byco Petroleum Pakistan | 22,435,000 |
| Worldcall Telecom | 18,472,000 |
| Unity Foods | 16,869,099 |
| Pakistan Refinery | 16,737,000 |
| Azgard Nine | 14,854,000 |
| Hum Network | 13,055,000 |
| Maple Leaf Cement Factory | 12,063,056 |
| Sector | Volume |
|---|---|
| Technology & Communication | 80,310,472 |
| Refinery | 47,905,400 |
| Power Generation & Distribution | 42,893,715 |
| Cement | 40,961,420 |
| Chemical | 40,326,340 |
| Engineering | 26,098,863 |
| Food & Personal Care Products | 25,842,689 |
| Commercial Banks | 25,626,813 |
| Textile Composite | 21,578,140 |
| Oil & Gas Marketing Companies | 15,873,765 |
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