Apr 28, 2021 (MNL): The Pakistan Stock Market on Wednesday remained sideways throughout the day, with the benchmark KSE-100 Index losing 233.75 points and closed at 45,059.12. i.e. down by 0.52% compared to yesterday’s close.
The index opened positive, finding support from strong earnings expectations and macroeconomic triggers. However, later on, it lost the impetus amid the announcement of ECC that deferred the summary till the next meeting on 40% payments to IPPs.
Further, the surge in inflation expectations of Apr’21 to double digits also dented investors’ sentiments.
The Index traded in a range of 564.98 points or 1.25 percent of the previous close, showing an intraday high of 45,589.26 and a low of 45,024.28.
Of the 97 traded companies in the KSE100 Index, 35 closed up 58 closed down, while 4 remained unchanged. The total volume traded for the index was 140.92 million shares.
Sector-wise, the index was let down by Commercial Banks with 93 points, Oil & Gas Exploration Companies with 44 points, Technology & Communication with 35 points, Cement with 33 points and Pharmaceuticals with 29 points.
The most points taken off the index was by HBL which stripped the index of 39 points followed by OGDC with 36 points, PPL with 24 points, MCB with 23 points and TRG with 21 points.
Sectors propping up the index were Fertilizer with 30 points, Chemical with 17 points, Refinery with 15 points, Textile Composite with 13 points and Transport with 3 points.
The most points added to the index was by COLG which contributed 24 points followed by FFC with 21 points, NRL with 13 points, ENGRO with 13 points and POL with 12 points.
All Share Volume decreased by 61.04 Million to 305.76 Million Shares. Market Cap decreased by Rs.27.84 Billion.
Total companies traded were 394 compared to 395 from the previous session. Of the scrips traded 156 closed up, 225 closed down while 13 remained unchanged.
Total trades decreased by 13,766 to 116,925.
Value Traded decreased by 1.17 Billion to Rs.16.16 Billion
| Company | Volume |
|---|---|
| Telecard | 29,326,500 |
| Azgard Nine | 25,605,500 |
| TRG Pakistan | 18,343,808 |
| Unity Foods | 15,890,665 |
| Ghani Global Glass | 13,383,500 |
| Worldcall Telecom | 12,121,000 |
| Pakistan Refinery | 11,286,500 |
| Service GlobalFootwear | 10,409,000 |
| Hum Network | 8,091,500 |
| Byco Petroleum Pakistan | 7,830,500 |
| Sector | Volume |
|---|---|
| Technology & Communication | 78,792,208 |
| Textile Composite | 31,903,260 |
| Refinery | 24,810,600 |
| Glass & Ceramics | 22,129,500 |
| Food & Personal Care Products | 21,814,145 |
| Commercial Banks | 20,367,214 |
| Power Generation & Distribution | 13,697,275 |
| Cement | 12,257,364 |
| Engineering | 11,236,693 |
| Leather & Tanneries | 10,429,950 |
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