December 21, 2020 (MLN): Selling pressure intensified at the Pakistan Stock Exchange on the first day of the trading week, where the KSE-100 index tumbled by 406.8 points (0.93%) to settle at 43,333 level.
The market remained stable during most of the session, however, selling pressure in bourse increased at the end of the trading as investors chose to book profits at index year high level.
In addition to this, shorter roll-over week also added to market pressure, a report by Aba Ali Habib cited.
Furthermore, E&Ps stock remained under pressure today as international oil prices declined more than 5% during the session.
The Index traded in a range of 503.52 points or 1.15 percent of previous close, showing an intraday high of 43,791.06 and a low of 43,287.54.
Of the 97 traded companies in the KSE100 Index 23 closed up 69 closed down, while 5 remained unchanged. Total volume traded for the index was 243.63 million shares.
Sector wise, the index was let down by Oil & Gas Exploration Companies with 177 points, Commercial Banks with 92 points, Cement with 46 points, Fertilizer with 36 points and Automobile Assembler with 23 points.
The most points taken off the index was by OGDC which stripped the index of 69 points followed by PPL with 60 points, HBL with 33 points, ENGRO with 32 points and POL with 31 points.
Sectors propping up the index were Textile Composite with 20 points, Leather & Tanneries with 14 points, Tobacco with 13 points, Engineering with 10 points and Technology & Communication with 6 points.
The most points added to the index was by PAKT which contributed 14 points followed by SRVI with 14 points, FFC with 9 points, TRG with 9 points and KTML with 8 points.
All Share Volume increased by 33.84 Million to 516.47 Million Shares. Market Cap decreased by Rs.64.87 Billion.
Total companies traded were 404 compared to 405 from the previous session. Of the scrips traded 154 closed up, 224 closed down while 26 remained unchanged.
Total trades increased by 1,979 to 173,310.
Value Traded decreased by 1.26 Billion to Rs.22.47 Billion
| Company | Volume |
|---|---|
| Worldcall Telecom | 36,557,500 |
| TRG Pakistan | 35,184,000 |
| Invest Capital Investment Bank | 31,022,500 |
| Pakistan Refinery | 22,565,000 |
| Pak Elektron | 16,954,500 |
| Avanceon | 14,727,500 |
| Unity Foods | 14,682,000 |
| Byco Petroleum Pakistan | 14,155,000 |
| Hascol Petroleum | 13,331,566 |
| Pakistan International Airlines Corp | 12,382,000 |
| Sector | Volume |
|---|---|
| Technology & Communication | 104,436,100 |
| Inv. Banks / Inv. Cos. / Securities Cos. | 53,252,950 |
| Engineering | 46,082,000 |
| Commercial Banks | 45,187,613 |
| Refinery | 43,708,400 |
| Textile Composite | 28,230,600 |
| Transport | 24,417,000 |
| Chemical | 21,849,180 |
| Cement | 19,472,875 |
| Oil & Gas Marketing Companies | 19,060,408 |
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