June 24, 2021 (MLN): After enduring three consecutive volatile red landings, the domestic equity market on Thursday managed to conclude the session in green zone, by gaining 61.84 points, to reach 47,962.54 points level.  

Market remained range bound today as FATF’s plenary session has kick-started and Pakistan’s case will be taken up by tomorrow which created ambiguity among investors.

Further, a strike call from APOTCA for the indefinite time, also dented investors’ sentiments slightly.

The Index traded in a range of 218.23 points or 0.46 percent of previous close, showing an intraday high of 48,117.91 and a low of 47,899.68.

Of the 94 traded companies in the KSE100 Index 42 closed up 45 closed down, while 7 remained unchanged. Total volume traded for the index was 150.16 million shares.

Sectors propping up the index were Power Generation & Distribution with 32 points, Commercial Banks with 24 points, Cement with 16 points, Inv. Banks / Inv. Cos. / Securities Cos. with 15 points and Oil & Gas Marketing Companies with 13 points.

The most points added to the index was by HUBC which contributed 27 points followed by UBL with 21 points, DAWH with 10 points, GLAXO with 10 points and HBL with 9 points.

Sector wise, the index was let down by Technology & Communication with 25 points, Refinery with 11 points, Paper & Board with 5 points, Food & Personal Care Products with 4 points and Textile Composite with 4 points.

The most points taken off the index was by TRG which stripped the index of 32 points followed by MCB with 11 points, ENGRO with 6 points, NRL with 5 points and BAFL with 5 points.

All Share Volume increased by 19.72 Million to 638.84 Million Shares. Market Cap increased by Rs.4.76 Billion.

Total companies traded were 421 compared to 420 from the previous session. Of the scrips traded 207 closed up, 187 closed down while 27 remained unchanged.

Total trades increased by 4,368 to 165,105.

Value Traded decreased by 2.27 Billion to Rs.16.38 Billion

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