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PSX Closing Bell: Residue Processing

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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

Top Ten by 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

Top Sector by 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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Posted on: 2021-03-16T18:17:00+05:00