July 28, 2021 (MLN): The domestic equity market witnessed dull trading session today amid rising cases of Covid-19 and anticipated lockdown in the metropolitan city. Given this, investors were more focused on profit booking which took the benchmark KSE100 index in to the red zone with the loss of a 368.96 point to close at 47,318.03.
On the global scale, markets tilted more towards downwards trajectories on the back of stumbling Chinese equities as concerns of regulatory risks continue to rise. In addition, international investors’ awaited Federal Reserve’s report for hints on economic triggers and policy on Fed’s purchases of government bonds, market closing note by Aba Ali Habib Securities noted.
The Index traded in a range of 630.48 points or 1.32 percent of previous close, showing an intraday high of 47,874.69 and a low of 47,244.21.
Of the 96 traded companies in the KSE100 Index 17 closed up 77 closed down, while 2 remained unchanged. Total volume traded for the index was 128.93 million shares.
Sector wise, the index was let down by Technology & Communication with 90 points, Cement with 42 points, Refinery with 33 points, Commercial Banks with 31 points and Oil & Gas Exploration Companies with 30 points.
The most points taken off the index was by TRG which stripped the index of 73 points followed by UNITY with 25 points, NRL with 17 points, HUBC with 16 points and LUCK with 16 points.
Sectors propping up the index were Chemical with 13 points, Tobacco with 4 points, Miscellaneous with 3 points and Sugar & Allied Industries with 3 points.
The most points added to the index was by KTML which contributed 24 points followed by MEBL with 14 points, COLG with 14 points, PAKT with 4 points and DAWH with 4 points.
All Share Volume decreased by 66.85 Million to 365.78 Million Shares. Market Cap decreased by Rs.56.46 Billion.
Total companies traded were 432 compared to 432 from the previous session. Of the scrips traded 91 closed up, 329 closed down while 12 remained unchanged.
Total trades increased by 2,176 to 136,143.
Value Traded decreased by 1.61 Billion to Rs.12.27 Billion
| Company | Volume |
|---|---|
| Worldcall Telecom | 40,378,500 |
| Byco Petroleum Pakistan | 26,892,500 |
| Telecard | 13,225,000 |
| Unity Foods | 12,449,488 |
| K-Electric | 11,616,500 |
| Hum Network | 11,023,000 |
| TPL Corp | 10,307,500 |
| Silkbank | 10,234,500 |
| TPL Properties | 9,812,000 |
| Sui Northern Gas Pipelines | 9,705,182 |
| Sector | Volume |
|---|---|
| Technology & Communication | 96,088,626 |
| Food & Personal Care Products | 33,123,308 |
| Refinery | 31,116,112 |
| Miscellaneous | 21,484,400 |
| Oil & Gas Marketing Companies | 20,715,896 |
| Inv. Banks / Inv. Cos. / Securities Cos. | 16,854,299 |
| Commercial Banks | 16,822,187 |
| Power Generation & Distribution | 15,766,964 |
| Cement | 12,516,260 |
| Modarabas | 12,042,800 |
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