May 3, 2021 (MLN): KSE-100 index concluded the first day of the week on a bearish note, extending its five-day losing streak as deteriorating economic indicators and rising covid-19 cases shattered investors’ confidence.
Accordingly, the index lost 185 points, concluding the day’s session at 44,076 points.
The volumes remained lower as severe lockdown measures including the closure of commercial activities in the upcoming week spiked investors’ anxieties, a closing note by Aba Ali Habib Securities cited.
In addition, National Consumer Inflation for Apr’21 was registered at 11.1% YoY while trade deficit widened by 20.1%to $23.56bn during 10MFY21, which further dented investors’ sentiments.
As a result, proposal of new capital market incentives and surpassing of FBR’s revenue collection target to Rs384bn, failed to influence the bourse in bullish territory, the note added.
The Index traded in a range of 693.57 points or 1.57 percent of previous close, showing an intraday high of 44,325.85 and a low of 43,632.28.
Of the 94 traded companies in the KSE100 Index 35 closed up 55 closed down, while 4 remained unchanged. Total volume traded for the index was 125.28 million shares.
Sector wise, the index was let down by Technology & Communication with 89 points, Textile Composite with 58 points, Cement with 33 points, Power Generation & Distribution with 29 points and Refinery with 12 points.
The most points taken off the index was by TRG which stripped the index of 130 points followed by HUBC with 28 points, NML with 23 points, ANL with 16 points and LUCK with 15 points.
Sectors propping up the index were Food & Personal Care Products with 25 points, Commercial Banks with 25 points, Fertilizer with 18 points, Tobacco with 12 points and Paper & Board with 1 points.
The most points added to the index was by SYS which contributed 41 points followed by HBL with 17 points, UNITY with 16 points, KTML with 13 points and FFC with 13 points.
All Share Volume decreased by 55.31 Million to 238.44 Million Shares. Market Cap decreased by Rs.21.17 Billion.
Total companies traded were 360 compared to 367 from the previous session. Of the scrips traded 111 closed up, 238 closed down while 11 remained unchanged.
Total trades decreased by 10,808 to 86,831.
Value Traded decreased by 2.45 Billion to Rs.11.32 Billion
| Company | Volume |
|---|---|
| Unity Foods | 36,363,734 |
| Telecard | 25,354,500 |
| Ghani Global Holdings | 23,140,000 |
| TRG Pakistan | 17,779,337 |
| Worldcall Telecom | 6,925,500 |
| Fauji Cement Company | 6,081,000 |
| Ghani Global Glass | 5,956,500 |
| Hum Network | 5,906,000 |
| Byco Petroleum Pakistan | 5,897,500 |
| Hascol Petroleum | 4,260,529 |
| Sector | Volume |
|---|---|
| Technology & Communication | 61,516,537 |
| Food & Personal Care Products | 41,557,704 |
| Chemical | 27,851,850 |
| Cement | 14,870,817 |
| Commercial Banks | 12,625,876 |
| Refinery | 12,330,100 |
| Engineering | 11,124,439 |
| Glass & Ceramics | 8,881,500 |
| Textile Composite | 8,374,150 |
| Oil & Gas Marketing Companies | 7,798,900 |
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