April 19, 2021 (MLN): The Benchmark KSE-100 index stumbled today as the ongoing political noise dented investors' sentiments to the extent that ushered the market to fall 392 points and settled at 44,913 level.
During the session, KSE100 index dropped by 694pts, however, recovered roundabout 600pts afterwards. New Finance Minister taking the charge today, helped boost investors’ confidence, however, selling pressure kept the recovery in Index in check, a closing note by Arif Habib Limited said.
Furthermore, amid ongoing earnings season, EPCL, MARI and EFERT announced their financial results for 3QFY21, which also affected investors’ sentiments for today.
The Index remained negative throughout the session touching an intraday low of 44,606.06
Of the 94 traded companies in the KSE100 Index 24 closed up 66 closed down, while 4 remained unchanged. Total volume traded for the index was 131.25 million shares.
Sector wise, the index was let down by Technology & Communication with 128 points, Commercial Banks with 54 points, Power Generation & Distribution with 36 points, Textile Composite with 33 points and Cement with 30 points.
The most points taken off the index was by TRG which stripped the index of 126 points followed by HUBC with 31 points, FFC with 22 points, HBL with 19 points and PSO with 16 points.
Sectors propping up the index were Fertilizer with 8 points, Synthetic & Rayon with 2 points, Close – End Mutual Fund with 1 points, Real Estate Investment Trust with 1 points and Miscellaneous with 1 points.
The most points added to the index was by MARI which contributed 29 points followed by EFERT with 21 points, ENGRO with 17 points, ABOT with 8 points and HCAR with 7 points.
All Share Volume increased by 189.58 Million to 363.10 Million Shares. Market Cap decreased by Rs.52.87 Billion.
Total companies traded were 379 compared to 366 from the previous session. Of the scrips traded 109 closed up, 255 closed down while 15 remained unchanged.
Total trades increased by 41,791 to 111,482.
Value Traded increased by 3.97 Billion to Rs.12.71 Billion
| Company | Volume |
|---|---|
| Worldcall Telecom | 101,378,000 |
| Byco Petroleum Pakistan | 24,252,500 |
| TRG Pakistan | 23,396,241 |
| Ghani Global Holdings | 23,232,500 |
| Telecard | 16,525,500 |
| Unity Foods | 13,240,612 |
| Silkbank | 12,369,000 |
| Balochistan Glass | 11,406,500 |
| Pakistan Refinery | 7,178,500 |
| K-Electric | 6,553,500 |
| Sector | Volume |
|---|---|
| Technology & Communication | 158,218,941 |
| Refinery | 35,391,800 |
| Chemical | 31,097,770 |
| Commercial Banks | 23,658,418 |
| Food & Personal Care Products | 18,539,472 |
| Glass & Ceramics | 15,768,000 |
| Cement | 14,695,877 |
| Engineering | 9,380,782 |
| Power Generation & Distribution | 8,623,439 |
| Fertilizer | 8,212,549 |
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