August 12, 2021 (MLN): Following two-day’s successful performance of the stock market, the capital markets concluded today’s trade in red as profit taking emerged at higher levels which brought the index down by 106 points or 0.23% DoD to close at 47,270 level.
The index opened on a positive note, gaining 179 points, but later on, bears took a charge and dominated the bourse on account of profit booking despite strong earnings expectations.
“Market poised for a clear trigger in disregard to the announcement of infrastructure projects by the Prime Minister, which could have impacted stock prices of listed Cement and Steel sectors,” a report by Arif Habib Limited said.
Moreover, the ongoing earnings season has so far turned out to show muted response from Investors, it added.
During the session, MEBL and AKBL announced their financial results as per which the former posted 11.39% increase in half-year net profits while latter reported 17% YoY decline in profitability.
The Index traded in a range of 379.59 points or 0.80 percent of previous close, showing an intraday high of 47,556.54 and a low of 47,176.95.
Of the 99 traded companies in the KSE100 Index 24 closed up 68 closed down, while 7 remained unchanged. Total volume traded for the index was 93.99 million shares.
Sector wise, the index was let down by Oil & Gas Marketing Companies with 29 points, Power Generation & Distribution with 21 points, Oil & Gas Exploration Companies with 19 points, Pharmaceuticals with 16 points and Fertilizer with 15 points.
The most points taken off the index was by HUBC which stripped the index of 20 points followed by PSO with 17 points, PPL with 14 points, EFERT with 13 points and LUCK with 12 points.
Sectors propping up the index were Commercial Banks with 46 points, Technology & Communication with 40 points, Synthetic & Rayon with 1 points, Miscellaneous with 1 points and Glass & Ceramics with 1 points.
The most points added to the index was by MEBL which contributed 42 points followed by TRG with 40 points, BAHL with 14 points, MLCF with 12 points and HBL with 8 points.
All Share Volume decreased by 152.47 Million to 230.17 Million Shares. Market Cap decreased by Rs.24.88 Billion.
Total companies traded were 458 compared to 472 from the previous session. Of the scrips traded 106 closed up, 329 closed down while 23 remained unchanged.
Total trades decreased by 32,749 to 105,580.
Value Traded decreased by 4.16 Billion to Rs.11.55 Billion
| Company | Volume |
|---|---|
| TRG Pakistan | 19,225,824 |
| Ghani Global Holdings | 15,077,500 |
| Worldcall Telecom | 11,810,500 |
| TPL Properties | 10,473,000 |
| Byco Petroleum Pakistan | 9,602,500 |
| Telecard | 9,211,500 |
| Engro Polymer & Chemicals | 7,976,500 |
| Treet Corporation | 7,732,000 |
| TPL Corp | 6,206,500 |
| Hum Network | 5,009,500 |
| Sector | Volume |
|---|---|
| Technology & Communication | 58,869,424 |
| Chemical | 26,235,570 |
| Food & Personal Care Products | 21,620,112 |
| Commercial Banks | 14,838,715 |
| Miscellaneous | 12,930,500 |
| Refinery | 12,473,852 |
| Engineering | 9,346,221 |
| Inv. Banks / Inv. Cos. / Securities Cos. | 9,045,680 |
| Cement | 7,429,595 |
| Oil & Gas Marketing Companies | 7,407,227 |
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