December 22, 2020 (MLN): The capital market witnessed another volatile trading activity amid the rollover effect on Tuesday, with the benchmark KSE-100 index losing another 426.82 points and closed at 42,906.94-level, bringing its two-day decline to 833.62 points.
Apart from the roll-over week, the index followed the route of global markets as investors resorted to realizing gains early as fears and uncertainty over a new strain of virus emerged in the UK.
Pakistan along with many countries have banned flights from the UK, which in turn has weighed down on global oil prices as investors expect the demand to weaken due to new travel restrictions as per the closing note by Aba Ali Habib Securities.
The Index traded in a range of 720.32 points or 1.66 percent of the previous close, showing an intraday high of 43,478.26 and a low of 42,757.94.
Of the 96 traded companies in the KSE100 Index 17 closed up 78 closed down, while 1 remained unchanged. Total volume traded for the index was 201.17 million shares.
Sector wise, the index was let down by Commercial Banks with 89 points, Oil & Gas Exploration Companies with 61 points, Technology & Communication with 50 points, Automobile Assembler with 33 points and Cement with 32 points.
The most points taken off the index was by TRG which stripped the index of 41 points followed by PPL with 30 points, OGDC with 25 points, HBL with 25 points and UBL with 24 points.
Sectors propping up the index were Glass & Ceramics with 13 points, Fertilizer with 1 points and Oil & Gas Marketing Companies with 1 points.
The most points added to the index was by FFC which contributed 16 points followed by GHGL with 13 points, SHEL with 8 points, PSO with 8 points and BAHL with 7 points.
All Share Volume increased by 45.39 Million to 561.86 Million Shares. Market Cap decreased by Rs.76.42 Billion.
Total companies traded were 411 compared to 404 from the previous session. Of the scrips traded 103 closed up, 289 closed down while 19 remained unchanged.
Total trades increased by 11,870 to 185,180.
Value Traded increased by 0.17 Billion to Rs.22.63 Billion
| Company | Volume |
|---|---|
| Worldcall Telecom | 70,792,000 |
| Invest Capital Investment Bank | 30,805,500 |
| TRG Pakistan | 23,636,000 |
| Telecard | 22,305,500 |
| Pakistan Refinery | 20,662,500 |
| Unity Foods | 16,429,000 |
| Avanceon | 16,220,500 |
| Azgard Nine | 15,273,500 |
| Agha Steel Ind.Ltd | 15,087,000 |
| Hascol Petroleum | 13,158,116 |
| Sector | Volume |
|---|---|
| Technology & Communication | 153,156,800 |
| Inv. Banks / Inv. Cos. / Securities Cos. | 56,272,484 |
| Engineering | 51,622,000 |
| Commercial Banks | 35,775,651 |
| Refinery | 35,735,800 |
| Textile Composite | 28,731,850 |
| Cement | 26,043,406 |
| Oil & Gas Marketing Companies | 22,938,935 |
| Chemical | 20,794,190 |
| Vanaspati & Allied Industries | 16,432,500 |
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