PSX Closing Bell: Painkiller

August 3, 2021 (MLN): Following on from the strong upward trend seen yesterday, the domestic equity market maintained this momentum on Tuesday, thanks to positive economic data.

Investors’ sentiments remained buoyant today on an account of the approval by the IMF Board of governors for the USD650billion SDR allocation to boost global liquidity after which Pakistan central bank’s reserves are likely to increase by USD2.8bn by end of August.

Moreover, according to the market closing note by Topline Securities, investors also cheered an improvement in July’s trade deficit by USD590mn MoM that sustained the bull momentum throughout the day.

The KSE-100 Index closed the trading session at 47,758.32, up by 305.07 points or 0.64 percent. It hit an intraday high of 47,807.41.

Of the 96 traded companies in the KSE100 Index, 70 closed up 24 closed down, while 2 remained unchanged. The total volume traded for the index was 143.34 million shares.

Sectors propping up the index were Cement with 63 points, Technology & Communication with 63 points, Commercial Banks with 55 points, Oil & Gas Marketing Companies with 42 points and Refinery with 26 points.

The most points added to the index was by TRG which contributed 51 points followed by HBL with 24 points, MEBL with 21 points, MLCF with 19 points and POL with 17 points.

Sector-wise, the index was let down by Tobacco with 8 points, Fertilizer with 5 points, Miscellaneous with 4 points, Chemical with 3 points and Power Generation & Distribution with 2 points.

The most points taken off the index was by ENGRO which stripped the index of 10 points followed by OGDC with 10 points, HMB with 9 points, PAKT with 8 points and HUBC with 8 points.

All Share Volume increased by 190.87 Million to 443.21 Million Shares. Market Cap increased by Rs.48.27 Billion.

Total companies traded were 482 compared to 486 from the previous session. Of the scrips traded 335 closed up, 120 closed down while 27 remained unchanged.

Total trades increased by 55,007 to 155,960.

Value Traded increased by 6.94 Billion to Rs.16.20 Billion

Top Ten by Volume

Company

Volume

Worldcall Telecom

36,354,000

Telecard

29,471,500

Byco Petroleum Pakistan

29,391,500

TPL Corp

22,176,500

Citi Pharma Ltd.

16,016,000

Treet Corporation

15,529,500

Ghani Global Glass

13,403,000

Unity Foods

11,572,700

Flying Cement Company

11,072,500

Pace (Pakistan)

8,944,500

 

Top Sector by Volume

Sector

Volume

Technology & Communication

117,674,149

Food & Personal Care Products

42,467,980

Refinery

38,590,221

Cement

24,887,066

Miscellaneous

24,518,400

Chemical

21,310,470

Glass & Ceramics

21,237,300

Oil & Gas Marketing Companies

18,539,445

Pharmaceuticals

17,011,889

Engineering

15,800,552

 

 

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Posted on: 2021-08-03T17:22:00+05:00

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