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PSX Closing Bell: Prognosis negative

February 09, 2021(MLN): Bulls squandered an early lead and were narrowly edged out by the bears as the Benchmark KSE100 index ended the trading session on Tuesday with a 47.10 point or 0.10 percent decline to close at 46,674.77.

The anticipation of better quarterly results, as well as continued bull run in international crude oil prices, boosted investor confidence to take new positions in O&GMCs, E&P, and Refinery sectors. Banking sector stocks remained under selling pressure following the downtrend witnessed in the recent sessions, the closing note of Arif Habib Limited highlighted.

The Power and Refinery sectors remained in limelight on the expectation of finalization of OMC Policy by the Government.

On the result front, FrieslandCampina Engro Pakistan Limited (FCEPL) witnessed a turnaround in annual profits to Rs 176 million (EPS: Rs 0.23) compared to the net losses of Rs 954 million (LPS: Rs 1.25) incurred last year.

The Index traded in a range of 362.90 points or 0.78 percent of previous close, showing an intraday high of 46,991.87 and a low of 46,628.97.

Of the 95 traded companies in the KSE100 Index 38 closed up 56 closed down, while 1 remained unchanged. Total volume traded for the index was 278.82 million shares.

Sector wise, the index was let down by Commercial Banks with 79 points, Pharmaceuticals with 22 points, Textile Composite with 20 points, Food & Personal Care Products with 19 points and Fertilizer with 16 points.

The most points taken off the index was by UBL which stripped the index of 30 points followed by HBL with 26 points, MCB with 24 points, ENGRO with 13 points and FCEPL with 11 points.

Sectors propping up the index were Oil & Gas Exploration Companies with 44 points, Oil & Gas Marketing Companies with 22 points, Technology & Communication with 20 points, Power Generation & Distribution with 19 points and Refinery with 17 points.

The most points added to the index was by POL which contributed 22 points followed by PSO with 20 points, MEBL with 14 points, KAPCO with 14 points and ATRL with 14 points.

All Share Volume increased by 235.41 Million to 664.03 Million Shares. Market Cap decreased by Rs.20.78 Billion.

Total companies traded were 420 compared to 419 from the previous session. Of the scrips traded 191 closed up, 212 closed down while 17 remained unchanged.

Total trades increased by 40,417 to 199,027.

Value Traded increased by 6.20 Billion to Rs.28.38 Billion

Company Volume

Top Ten by Volume

Telecard 62,859,000
Pakistan Refinery 43,177,500
Hascol Petroleum 39,783,599
TRG Pakistan 35,061,536
Pakistan International Bulk Terminal 32,040,000
Worldcall Telecom 30,631,000
Hum Network 28,240,000
Pace (Pakistan) 22,991,000
Unity Foods 20,822,021
Byco Petroleum Pakistan 19,197,500

 

Sector Volume

Top Sector by Volume

Technology & Communication 193,329,436
Refinery 77,936,900
Oil & Gas Marketing Companies 49,051,636
Engineering 40,675,394
Commercial Banks 36,665,122
Inv. Banks / Inv. Cos. / Securities Cos. 33,911,711
Transport 32,993,800
Power Generation & Distribution 31,590,707
Miscellaneous 26,002,700
Vanaspati & Allied Industries 20,832,621

 

 

Copyright Mettis Link News

 

Posted on: 2021-02-09T21:25:00+05:00

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