January 28, 2021 (MLN): The KSE-100 index ended the trading session on Thursday with a 292.08 point or 0.63 percent decline to close at 46,166.05.
Despite many companies announcing growth in their earnings today, the benchmark index came under pressure from investors partaking in profit-taking.
According to Arif Habib Limited, one of the major highlights in today’s session was Silkbank, as it recorded a historic high volume of 355 million shares, i.e. the highest traded volume in a single stock since March 4, 2005. This was made possible after Silkbank informed PSX about Fauji Foundation’s intention to acquire a majority stake in it.
The Index traded in a range of 533.66 points or 1.15 percent of previous close, showing an intraday high of 46,646.72 and a low of 46,113.06.
Of the 95 traded companies in the KSE100 Index 29 closed up 65 closed down, while 1 remained unchanged. Total volume traded for the index was 296.48 million shares.
Sector wise, the index was let down by Technology & Communication with 90 points, Oil & Gas Exploration Companies with 67 points, Fertilizer with 56 points, Oil & Gas Marketing Companies with 41 points and Inv. Banks / Inv. Cos. / Securities Cos. with 36 points.
The most points taken off the index was by TRG which stripped the index of 61 points followed by FFC with 36 points, DAWH with 33 points, MCB with 29 points and SYS with 28 points.
Sectors propping up the index were Cement with 48 points, Engineering with 21 points, Power Generation & Distribution with 4 points, Leasing Companies with 1 points and Insurance with 1 points.
The most points added to the index was by LUCK which contributed 30 points followed by UBL with 21 points, HBL with 17 points, ISL with 15 points and AKBL with 10 points.
All Share Volume increased by 233.06 Million to 844.00 Million Shares. Market Cap decreased by Rs.25.09 Billion.
Total companies traded were 405 compared to 421 from the previous session. Of the scrips traded 152 closed up, 236 closed down while 17 remained unchanged.
Total trades decreased by 15,740 to 179,989.
Value Traded decreased by 2.77 Billion to Rs.26.23 Billion
| Company | Volume |
|---|---|
| Silkbank | 354,969,000 |
| K-Electric | 31,212,500 |
| TRG Pakistan | 27,774,000 |
| Aisha Steel Mills | 24,167,500 |
| Fauji Cement Company | 22,009,000 |
| Azgard Nine | 19,704,000 |
| Maple Leaf Cement Factory | 18,508,920 |
| Nimir Resins | 16,592,500 |
| Byco Petroleum Pakistan | 15,094,000 |
| Unity Foods | 14,802,177 |
| Sector | Volume |
|---|---|
| Commercial Banks | 386,045,840 |
| Technology & Communication | 69,675,100 |
| Cement | 66,775,596 |
| Engineering | 58,814,658 |
| Power Generation & Distribution | 46,015,306 |
| Refinery | 30,933,400 |
| Chemical | 28,095,770 |
| Textile Composite | 25,990,180 |
| Oil & Gas Marketing Companies | 18,253,899 |
| Fertilizer | 16,538,974 |
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