June 23, 2021 (MLN): The Pakistan Stock Market (PSX) on Wednesday opened on a positive note as the finance minister showed his interest to include a 10years income tax holiday for refineries in Finance Bill. However, due to continuous selling pressure, the benchmark KSE-100 index, after swaying in both directions, closed the session in the red.
At the end of the range-bound trading, the index recorded a negative close of 86 points to close at 47,900.70.
The Index traded in a range of 269.84 points or 0.56 percent of the previous close, showing an intraday high of 48,134.95 and a low of 47,865.11.
Of the 98 traded companies in the KSE100 Index, 43 closed up 52 closed down, while 3 remained unchanged. The total volume traded for the index was 237.21 million shares.
Sector-wise, the index was let down by Commercial Banks with 37 points, Cement with 34 points, Technology & Communication with 21 points, Oil & Gas Marketing Companies with 19 points and Inv. Banks / Inv. Cos. / Securities Cos. with 10 points.
The most points taken off the index was by UNITY which stripped the index of 21 points followed by LUCK with 21 points, TRG with 16 points, HBL with 13 points and PSO with 11 points.
Sectors propping up the index were Fertilizer with 25 points, Automobile Assembler with 13 points, Refinery with 13 points, Oil & Gas Exploration Companies with 10 points and Power Generation & Distribution with 4 points.
The most points added to the index was by EFERT which contributed 14 points followed by FCEPL with 11 points, OGDC with 10 points, MTL with 8 points and NRL with 7 points.
All Share Volume increased by 8.38 Million to 619.12 Million Shares. Market Cap increased by Rs.1.64 Billion.
Total companies traded were 420 compared to 420 from the previous session. Of the scrips traded 192 closed up, 204 closed down while 24 remained unchanged.
Total trades increased by 17,134 to 160,737.
Value Traded increased by 3.13 Billion to Rs.18.65 Billion
| Company | Volume |
|---|---|
| Silkbank | 52,282,500 |
| Worldcall Telecom | 41,582,500 |
| TPL Corp | 33,932,500 |
| Byco Petroleum Pakistan | 32,665,500 |
| The Bank of Punjab | 32,508,000 |
| Azgard Nine | 31,449,500 |
| Ghani Global Glass | 26,783,000 |
| K-Electric | 23,641,000 |
| Al Shaheer Corporation | 16,668,000 |
| Unity Foods | 15,641,467 |
| Sector | Volume |
|---|---|
| Technology & Communication | 126,572,345 |
| Commercial Banks | 94,747,579 |
| Food & Personal Care Products | 59,256,387 |
| Textile Composite | 49,524,360 |
| Refinery | 46,211,000 |
| Chemical | 35,463,730 |
| Glass & Ceramics | 28,609,500 |
| Cement | 28,238,852 |
| Power Generation & Distribution | 27,736,838 |
| Oil & Gas Marketing Companies | 15,020,294 |
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