September 30, 2021 (MLN): Following a steep decline yesterday, the domestic equities rally rebounded on Thursday, by adding 532 points to the benchmark KSE-100 index and closed the trading at 44,899 points. This was up by 1.2% compared to yesterday’s closing figures.
Investor’s sentiments shifted mainly due to diffusion of speculation around the proposed bill in the US senate which seeks to sanction the Taliban and the countries accused of supporting them, a report by Aba Ali Habib cited.
The market opened on a negative note as it surrendered to the profit-taking activity by risk-averse investors, however, bulls managed to change the sentiments towards the close of the session due to increased domestic liquidity, attractive valuations and quarter closing.
On the announcement front, FFBL informed the exchange about the successful completion of the sale and transfer of its entire shareholding in FWEL-I and FWEL-II to FFC.
The Index traded in a range of 927.51 points or 2.09 percent of previous close, showing an intraday high of 44,899.60 and a low of 43,972.09.
Of the 97 traded companies in the KSE100 Index 74 closed up 22 closed down, while 1 remained unchanged. Total volume traded for the index was 212.62 million shares.
Sectors propping up the index were Commercial Banks with 139 points, Cement with 136 points, Oil & Gas Exploration Companies with 107 points, Power Generation & Distribution with 35 points and Oil & Gas Marketing Companies with 29 points.
The most points added to the index was by MEBL which contributed 77 points followed by KEL with 46 points, PPL with 38 points, OGDC with 34 points and LUCK with 33 points.
Sector wise, the index was let down by Fertilizer with 14 points, Technology & Communication with 7 points, Tobacco with 7 points, Pharmaceuticals with 5 points and Real Estate Investment Trust with 4 points.
The most points taken off the index was by FFC which stripped the index of 34 points followed by HBL with 27 points, SYS with 23 points, COLG with 20 points and HUBC with 10 points.
All Share Volume decreased by 96.33 Million to 372.43 Million Shares. Market Cap increased by Rs.103.33 Billion.
Total companies traded were 557 compared to 560 from the previous session. Of the scrips traded 385 closed up, 157 closed down while 15 remained unchanged.
Total trades decreased by 48,733 to 120,298.
Value Traded decreased by 2.64 Billion to Rs.13.76 Billion
| Company | Volume |
|---|---|
| K-Electric | 32,484,500 |
| Byco Petroleum Pakistan | 29,767,000 |
| Azgard Nine | 20,829,500 |
| Worldcall Telecom | 19,706,000 |
| Dolmen City REIT | 18,527,000 |
| Telecard | 18,525,000 |
| Hum Network | 17,255,500 |
| Unity Foods | 15,040,693 |
| TPL Corp | 9,605,500 |
| Ghani Global Holdings | 9,589,500 |
| Sector | Volume |
|---|---|
| Technology & Communication | 82,392,513 |
| Power Generation & Distribution | 37,674,601 |
| Refinery | 32,818,086 |
| Food & Personal Care Products | 30,451,633 |
| Cement | 29,436,175 |
| Commercial Banks | 27,937,940 |
| Textile Composite | 25,934,800 |
| Real Estate Investment Trust | 18,527,000 |
| Chemical | 14,334,490 |
| Miscellaneous | 9,716,500 |
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