PSX Closing Bell: Shenanigans

January 15, 2021 (MLN): The KSE-100 index ended the trading session on Friday with a 58.35 point or 0.13 percent decline to close at 45,931.00.

The index remained positive for most part of the session but lost momentum as investors turned towards profit-taking.

The major events for today included drop in oil prices as concerns about lockdown in Chinese cities due to coronavirus outbreak tempered a rally driven by strong import data from the world's biggest crude importer and U.S. plans for a large stimulus package.

While it had no significant impact on the trading activity, investors seemed briefly moved by the latest economic data which showed a 9.59% MoM improvement in exports from Pakistan for the month of December 2020. On the other hand, imports during the said period increased by 17% MoM.

Furthermore, Prime Minister Imran Khan approved little increase in the petroleum prices against the recommendations of the Oil and Gas Regulatory Authority. According to new prices, a raise of 3.2 rupees per liter was allowed in petrol, high speed diesel 2.95 rupees per liter, Kerosene oil 3 rupees per liter, and light diesel 4.42 per liter.

The Index traded in a range of 297.37 points or 0.65 percent of previous close, showing an intraday high of 46,170.26 and a low of 45,872.89.

Of the 94 traded companies in the KSE100 Index 33 closed up 60 closed down, while 1 remained unchanged. Total volume traded for the index was 221.93 million shares.

Sector wise, the index was let down by Commercial Banks with 50 points, Cement with 33 points, Fertilizer with 20 points, Tobacco with 18 points and Chemical with 16 points.

The most points taken off the index was by MCB which stripped the index of 22 points followed by HBL with 20 points, PAKT with 18 points, LUCK with 11 points and EFERT with 10 points.

Sectors propping up the index were Power Generation & Distribution with 30 points, Food & Personal Care Products with 16 points, Technology & Communication with 15 points, Engineering with 13 points and Glass & Ceramics with 13 points.

The most points added to the index was by HUBC which contributed 24 points followed by NATF with 18 points, GHGL with 13 points, INIL with 11 points and APL with 11 points.

All Share Volume decreased by 89.68 Million to 531.07 Million Shares. Market Cap decreased by Rs.33.64 Billion.

Total companies traded were 412 compared to 437 from the previous session. Of the scrips traded 169 closed up, 225 closed down while 18 remained unchanged.

Total trades decreased by 22,511 to 154,412.

Value Traded decreased by 1.96 Billion to Rs.17.85 Billion


Top Ten by Volume

Hum Network66,328,000
Power Cement45,258,000
Fauji Fertilizer Bin Qasim23,731,000
TRG Pakistan21,953,500
Kohinoor Spinning Mills16,016,500
Gul Ahmed Textile Mills14,405,000
Kot Addu Power Company13,879,000
Worldcall Telecom12,993,000
Fauji Foods10,957,000



Top Sector by Volume

Technology & Communication119,149,100
Power Generation & Distribution36,142,286
Commercial Banks33,631,681
Textile Composite31,748,390
Textile Spinning28,959,300
Food & Personal Care Products25,144,730
Inv. Banks / Inv. Cos. / Securities Cos.20,282,623



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Posted on: 2021-01-15T17:58:00+05:00