May 21, 2021 (MLN): The Stock market turned bullish on Friday as the benchmark KSE-100 index recouped 341 points and closed at 45,915 level, due to overall positive sentiments.
Resolution of dispute between the members of ruling party as well as anticipation of tax incentives for the industries in the upcoming budget helped KSE100 index to recover some earlier losses. Deferral of OGDC and PPL for consideration of privatization resulted in a rebound in stock prices of both stocks, Arif Habib in its market closing note highlighted.
Moreover, the incentives proposal for the refinery sector gave way to NRL, ATRL and PRL to post gains, it added.
The Index traded in a range of 396.75 points or 0.87 percent of previous close, showing an intraday high of 45,948.15 and a low of 45,551.40.
Of the 96 traded companies in the KSE100 Index 70 closed up 24 closed down, while 2 remained unchanged. Total volume traded for the index was 294.85 million shares.
Sectors propping up the index were Commercial Banks with 116 points, Oil & Gas Exploration Companies with 68 points, Cement with 31 points, Oil & Gas Marketing Companies with 29 points and Automobile Assembler with 29 points.
The most points added to the index was by HBL which contributed 32 points followed by PPL with 31 points, OGDC with 28 points, UBL with 25 points and PSO with 20 points.
Sector wise, the index was let down by Inv. Banks / Inv. Cos. / Securities Cos. with 7 points, Transport with 6 points, Tobacco with 3 points, Synthetic & Rayon with 3 points and Leather & Tanneries with 1 points.
The most points taken off the index was by HASCOL which stripped the index of 8 points followed by PIBTL with 6 points, COLG with 4 points, TRG with 4 points and PSX with 4 points.
All Share Volume decreased by 73.61 Million to 710.43 Million Shares. Market Cap increased by Rs.72.70 Billion.
Total companies traded were 408 compared to 389 from the previous session. Of the scrips traded 276 closed up, 110 closed down while 22 remained unchanged.
Total trades decreased by 12,367 to 169,042.
Value Traded decreased by 1.17 Billion to Rs.19.66 Billion
| Company | Volume |
|---|---|
| Worldcall Telecom | 99,480,000 |
| Byco Petroleum Pakistan | 67,670,000 |
| Hascol Petroleum | 48,497,195 |
| K-Electric | 39,830,500 |
| Summit Bank | 37,909,000 |
| Pakistan Refinery | 33,688,500 |
| Azgard Nine | 24,111,000 |
| Invest Capital Investment Bank | 20,212,500 |
| Unity Foods | 16,559,953 |
| Nimir Resins | 16,354,500 |
| Sector | Volume |
|---|---|
| Technology & Communication | 145,375,366 |
| Refinery | 111,451,500 |
| Commercial Banks | 71,731,605 |
| Oil & Gas Marketing Companies | 57,401,742 |
| Power Generation & Distribution | 46,497,443 |
| Chemical | 44,942,920 |
| Inv. Banks / Inv. Cos. / Securities Cos. | 43,488,652 |
| Textile Composite | 26,832,380 |
| Food & Personal Care Products | 25,440,943 |
| Glass & Ceramics | 18,960,000 |
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