February 15, 2021 (MLN): Following Friday’s choppy session, the domestic equities rally rebounded on Monday, by adding 567 points to the benchmark KSE-100 index and closed the trading at 46,375 level. This was up by 1.24% compared to previous closing figures.
The bullish spell was backed by a recovery in international oil prices, which retrieved to a Pre-pandemic level of USD 60/ barrel. Consequently, the E&P sector remained in limelight today.
Investors’ sentiments further cemented following foreign office briefing, as per which country has made substantial progress on all 27 benchmarks and expects Pakistan to be removed from the Grey-list.
Furthermore, strong corporate results by AKBL and EFERT also impacted investors’ strategy.
On the economic front, FBR has surpassed the 7MFY21 tax collection target by Rs 20 billion after collecting Rs 2.57 trillion revenue. The inflow of Remittances by overseas Pakistanis remained above $2 billion for the 8th straight month. These developments also helped in alleviating investors' sentiments for today.
The Index remained positive throughout the session touching an intraday high of 46,507.41
Of the 97 traded companies in the KSE100 Index 67 closed up 26 closed down, while 4 remained unchanged. Total volume traded for the index was 249.08 million shares.
Sectors propping up the index were Oil & Gas Exploration Companies with 119 points, Technology & Communication with 75 points, Cement with 68 points, Pharmaceuticals with 49 points and Commercial Banks with 47 points.
The most points added to the index was by OGDC which contributed 55 points followed by TRG with 46 points, DAWH with 34 points, DGKC with 34 points and SYS with 30 points.
Sector wise, the index was let down by Power Generation & Distribution with 15 points, Food & Personal Care Products with 1 points and Real Estate Investment Trust with 1 points.
The most points taken off the index was by HUBC which stripped the index of 8 points followed by FFC with 7 points, NBP with 7 points, KOHC with 7 points and BAFL with 7 points.
All Share Volume increased by 43.66 Million to 486.38 Million Shares. Market Cap increased by Rs.86.71 Billion.
Total companies traded were 405 compared to 405 from the previous session. Of the scrips traded 246 closed up, 141 closed down while 18 remained unchanged.
Total trades increased by 16,251 to 165,279.
Value Traded increased by 3.93 Billion to Rs.24.84 Billion
| Company | Volume |
|---|---|
| Worldcall Telecom | 40,310,000 |
| Maple Leaf Cement Factory | 35,654,191 |
| Telecard | 28,704,000 |
| Azgard Nine | 23,000,000 |
| Hum Network | 21,636,000 |
| TRG Pakistan | 18,718,394 |
| D.G. Khan Cement Company | 15,584,765 |
| Unity Foods | 15,004,791 |
| Nishat Mills | 13,611,000 |
| Dost Steels | 13,462,500 |
| Sector | Volume |
|---|---|
| Technology & Communication | 125,290,094 |
| Cement | 78,707,937 |
| Textile Composite | 44,881,760 |
| Engineering | 35,640,718 |
| Commercial Banks | 30,145,625 |
| Food & Personal Care Products | 24,291,161 |
| Refinery | 23,936,000 |
| Power Generation & Distribution | 22,156,485 |
| Inv. Banks / Inv. Cos. / Securities Cos. | 17,864,940 |
| Oil & Gas Marketing Companies | 17,458,221 |
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