March 16, 2021 (MLN): A tug of war between the bulls and bears witnessed at the local bourse today, with the indices moved both ways amid mixed trading activities until finally landing in green.
The benchmark KSE-100 Index remained volatile throughout the session and concluded the trading with a 90.47 point or 0.20 percent gain to close at 44,857.06 level.
According to Pearl Securities, investors were divided over the upcoming PDM strategy to pressurize the government. Also, the Oil & gas sector came under selling pressure due to the decrease in international oil prices.
Meanwhile, the rising COVID positive ratio also triggered profit-taking at higher levels.
Nevertheless, the KSE-100 index sustained positive momentum led by 7.9% YoY growth in LSM during 7MFY21.
The Index traded in a range of 361.16 points or 0.81 percent of the previous close, showing an intraday high of 44,907.11 and a low of 44,545.95.
Of the 94 traded companies in the KSE100 Index, 38 closed up 51 closed down, while 5 remained unchanged. Total volume traded for the index was 168.58 million shares.
Sectors propping up the index were Technology & Communication with 124 points, Commercial Banks with 61 points, Fertilizer with 42 points, Textile Composite with 23 points and Automobile Assembler with 16 points.
The most points added to the index was by TRG which contributed 105 points followed by HBL with 28 points, EFERT with 21 points, MEBL with 19 points and SYS with 15 points.
Sector-wise, the index was let down by Cement with 54 points, Oil & Gas Marketing Companies with 28 points, Power Generation & Distribution with 28 points, Oil & Gas Exploration Companies with 27 points and Pharmaceuticals with 10 points.
The most points taken off the index was by HUBC which stripped the index of 37 points followed by PSO with 17 points, DGKC with 14 points, MLCF with 12 points and OGDC with 12 points.
All Share Volume decreased by 47.09 Million to 408.46 Million Shares. Market Cap increased by Rs.4.09 Billion.
Total companies traded were 405 compared to 403 from the previous session. Of the scrips traded 168 closed up, 213 closed down while 24 remained unchanged.
Total trades decreased by 4,057 to 154,042.
Value Traded decreased by 1.97 Billion to Rs.19.99 Billion
| Company | Volume |
|---|---|
| Unity Foods | 37,238,113 |
| Telecard | 35,608,000 |
| TRG Pakistan | 28,550,715 |
| Ghani Global Holdings | 23,420,000 |
| Pakistan Refinery | 16,055,500 |
| Fauji Fertilizer Bin Qasim | 14,454,000 |
| Hum Network | 13,076,500 |
| Kot Addu Power Company | 12,994,500 |
| Worldcall Telecom | 11,671,000 |
| Media Times | 11,201,000 |
| Sector | Volume |
|---|---|
| Technology & Communication | 113,193,615 |
| Food & Personal Care Products | 44,681,483 |
| Chemical | 39,790,950 |
| Refinery | 33,848,700 |
| Cement | 29,231,030 |
| Power Generation & Distribution | 21,394,147 |
| Commercial Banks | 19,360,797 |
| Fertilizer | 18,733,864 |
| Textile Composite | 16,097,920 |
| Inv. Banks / Inv. Cos. / Securities Cos. | 14,710,542 |
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