March 26, 2021 (MLN): The Benchmark KSE100 index ended the trading session on Friday with a 204.54 point or 0.45 percent decline to close at 45,521.63 points amid ongoing rollover week.

Confirmation of amendment to the Income tax ordinance to take effect of withdrawal of Rs.140 billion tax exemptions had bearing on Steel, Cement, Fertilizer, O&GMCs whereas banking sector stocks also went down due to overall selling pressure, Arif Habib Limited in its market closing note said.

The Index traded in a range of 329.00 points or 0.72 percent of previous close, showing an intraday high of 45,764.24 and a low of 45,435.24.

Of the 94 traded companies in the KSE100 Index 29 closed up 64 closed down, while 1 remained unchanged. Total volume traded for the index was 321.41 million shares.

Sector wise, the index was let down by Commercial Banks with 93 points, Cement with 72 points, Oil & Gas Exploration Companies with 46 points, Oil & Gas Marketing Companies with 15 points and Power Generation & Distribution with 14 points.

The most points taken off the index was by HBL which stripped the index of 54 points followed by BAHL with 25 points, PSO with 24 points, UBL with 22 points and LUCK with 22 points.

Sectors propping up the index were Refinery with 26 points, Chemical with 17 points, Technology & Communication with 13 points, Leather & Tanneries with 12 points and Textile Composite with 7 points.

The most points added to the index was by ANL which contributed 21 points followed by ATRL with 19 points, MEBL with 18 points, HMB with 15 points and INDU with 12 points.

All Share Volume increased by 58.80 Million to 529.20 Million Shares. Market Cap decreased by Rs.33.57 Billion.

Total companies traded were 391 compared to 394 from the previous session. Of the scrips traded 131 closed up, 238 closed down while 22 remained unchanged.

Total trades decreased by 8,606 to 166,672.

Value Traded decreased by 0.64 Billion to Rs.25.19 Billion

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