July 26, 2021 (MLN): Pakistan’s Stock market witnessed a volatile trading session today, shedding 120.39 points or 0.25% to close at 47,672.68 level.
The trading opened on the positive note scoring high of 137 points, however the bears took over in later hours on virus concerns.
The major reason for the investor’s negative sentiments was the increasing number of new virus cases. The Delta variant is spreading through the country rapidly due to which several restrictions have been placed that are becoming a hindrance for economic activities. Dull trading activity was also attributed to the upcoming monetary policy meeting scheduled for tomorrow (27th Jul), where the rate setters are expected to leave the interest rate unchanged at 7% amid rising virus cases, a closing note by Aba Ali Habib Securities highlighted.
The Index traded in a range of 322.06 points or 0.67 percent of previous close, showing an intraday high of 47,930.85 and a low of 47,608.79.
Of the 97 traded companies in the KSE100 Index 41 closed up 53 closed down, while 3 remained unchanged. Total volume traded for the index was 91.32 million shares.
Sector wise, the index was let down by Oil & Gas Exploration Companies with 73 points, Cement with 55 points, Commercial Banks with 37 points, Power Generation & Distribution with 19 points and Pharmaceuticals with 16 points.
The most points taken off the index was by PPL which stripped the index of 36 points followed by UBL with 25 points, MEBL with 25 points, OGDC with 25 points and HUBC with 17 points.
Sectors propping up the index were Fertilizer with 58 points, Technology & Communication with 25 points, Textile Composite with 15 points, Chemical with 14 points and Tobacco with 9 points.
The most points added to the index was by ENGRO which contributed 36 points followed by MCB with 24 points, EFERT with 24 points, SYS with 13 points and TRG with 13 points.
All Share Volume increased by 136.08 Million to 450.24 Million Shares. Market Cap decreased by Rs.15.26 Billion.
Total companies traded were 394 compared to 417 from the previous session. Of the scrips traded 187 closed up, 187 closed down while 20 remained unchanged.
Total trades increased by 31,199 to 142,926.
Value Traded increased by 2.47 Billion to Rs.13.56 Billion
| Company | Volume |
|---|---|
| Worldcall Telecom | 127,888,500 |
| Telecard | 45,078,000 |
| TPL Corp | 17,421,500 |
| Al Shaheer Corporation | 16,752,500 |
| Byco Petroleum Pakistan | 13,399,000 |
| Nimir Resins | 9,202,000 |
| TRG Pakistan | 8,542,484 |
| Waves Singer Pakistan | 8,393,500 |
| Pace (Pakistan) | 7,423,000 |
| Silkbank | 7,108,000 |
| Sector | Volume |
|---|---|
| Technology & Communication | 216,390,384 |
| Food & Personal Care Products | 37,071,526 |
| Chemical | 18,598,490 |
| Miscellaneous | 17,087,000 |
| Refinery | 15,818,940 |
| Commercial Banks | 15,063,812 |
| Inv. Banks / Inv. Cos. / Securities Cos. | 13,852,297 |
| Cement | 13,436,557 |
| Oil & Gas Marketing Companies | 13,281,536 |
| Textile Composite | 11,552,100 |
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