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CPI Preview: Inflation to fall below 14% YoY in May

PSX Closing Bell: Movin’ On Up

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January 04, 2021 (MNL): The positive sentiment from the potential resolution of the circular debt issue carried over from Friday as the index added an additional 251 points.

The Benchmark KSE100 index ended the trading session on Monday with a 251.66 point or 0.57 percent gain to close at 44,686.46.

The Index remained positive throughout the session touching an intraday high of 45,074.37, however the highest value of the day was achieved fairly early in the session after which the index traded in a relatively narrow range.

A note from JS Research highlighted “the Steel sector came under pressure on the back of news of Prime Minister Imran Khan forming a committee that comprises of government higher-ups and the private sector to look into the rising steel bar prices”. Furthermore, profit booking was also witnessed in Cement sector.

Of the 96 traded companies in the KSE100 Index 44 closed up 50 closed down, while 2 remained unchanged. Total volume traded for the index was 335.13 million shares.

Sectors propping up the index were Oil & Gas Exploration Companies with 164 points, Power Generation & Distribution with 127 points, Oil & Gas Marketing Companies with 97 points, Commercial Banks with 77 points and Textile Composite with 31 points.

The most points added to the index was by HUBC which contributed 104 points followed by PSO with 80 points, PPL with 79 points, OGDC with 64 points and MCB with 31 points.

Sector wise, the index was let down by Technology & Communication with 96 points, Cement with 87 points, Automobile Assembler with 24 points, Engineering with 18 points and Vanaspati & Allied Industries with 13 points.

The most points taken off the index was by TRG which stripped the index of 62 points followed by SYS with 33 points, LUCK with 31 points, DGKC with 21 points and ENGRO with 19 points.

All Share Volume decreased by 101.79 Million to 540.83 Million Shares. Market Cap increased by Rs.20.07 Billion.

Total companies traded were 412 compared to 406 from the previous session. Of the scrips traded 161 closed up, 231 closed down while 20 remained unchanged.

Total trades decreased by 6,768 to 192,510.

Value Traded decreased by 0.64 Billion to Rs.26.66 Billion

Company Volume

Top Ten by Volume

Pak Elektron 27,367,500
The Hub Power Company 25,367,723
Hascol Petroleum 24,960,670
Worldcall Telecom 22,932,000
TRG Pakistan 21,650,000
Azgard Nine 19,821,000
Unity Foods 19,812,960
Pakistan Refinery 19,583,000
Fauji Fertilizer Bin Qasim 15,301,500
Jahangir Siddiqui & Co. Ltd. 12,677,500


Sector Volume

Top Sector by Volume

Technology & Communication 66,941,100
Oil & Gas Marketing Companies 53,471,600
Textile Composite 45,773,470
Power Generation & Distribution 40,252,223
Cement 36,981,628
Commercial Banks 33,802,469
Refinery 30,647,700
Cable & Electrical Goods 29,025,600
Fertilizer 27,132,313
Chemical 26,486,950



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Posted on: 2021-01-04T20:15:00+05:00