Mettis Global News
Mettis Global News
Mettis Global News
Mettis Global News

Trending :

PSX Closing Bell: Systematic Chaos

Share on facebook
Share on twitter
Share on linkedin
Share on whatsapp

April 29, 2021 (MLN): The stock market remained bearish on Thursday, as it surrendered to the profit-taking activity that dragged the KSE-100 index down by 196 points (0.44%) to close at 44,863 points.

After a slight positive opening, indices were seen trading in red for the most part of the day as investors remained anxious over the worsening covid-19 situation and the rise in smart lockdowns following a meeting of NCOC.

Selling was evident across the board but had the most impact on Cement, Fertilizer, Steel sectors. Also, financial results have failed to generate the usual interest among investors perhaps due to the upcoming tight budget right after Ramadan and a long hibernating period till the next financial results will be announced, a closing note by Arif Habib Limited highlighted.

The Index traded in a range of 364.38 points or 0.81 percent of the previous close, showing an intraday high of 45,142.10 and a low of 44,777.72.

Of the 96 traded companies in the KSE100 Index 28 closed up 65 closed down, while 3 remained unchanged. Total volume traded for the index was 138.96 million shares.

Sector wise, the index was let down by Commercial Banks with 58 points, Cement with 56 points, Fertilizer with 33 points, Power Generation & Distribution with 28 points and Tobacco with 13 points.

The most points taken off the index was by BAHL which stripped the index of 26 points followed by ENGRO with 26 points, LUCK with 22 points, HUBC with 14 points and PAKT with 13 points.

Sectors propping up the index were Oil & Gas Marketing Companies with 10 points, Textile Composite with 10 points, Chemical with 5 points, Food & Personal Care Products with 4 points and Automobile Parts & Accessories with 4 points.

The most points added to the index was by HASCOL which contributed 11 points followed by TRG with 10 points, OGDC with 10 points, FML with 8 points and HINOON with 7 points.

All Share Volume decreased by 25.08 Million to 280.68 Million Shares. Market Cap decreased by Rs.37.81 Billion.

Total companies traded were 375 compared to 394 from the previous session. Of the scrips traded 137 closed up, 230 closed down while 8 remained unchanged.

Total trades decreased by 18,691 to 98,234.

Value Traded decreased by 2.55 Billion to Rs.13.61 Billion

Company Volume

Top Ten by Volume

Hascol Petroleum 43,870,093
Ghani Global Holdings 32,638,000
Telecard 19,564,500
TRG Pakistan 16,969,459
Ghani Global Glass 13,535,500
Azgard Nine 12,405,000
Unity Foods 8,388,468
Worldcall Telecom 7,879,500
United Bank 6,573,278
Balochistan Glass 5,914,000

 

Sector Volume

Top Sector by Volume

Technology & Communication 56,243,559
Oil & Gas Marketing Companies 46,034,967
Chemical 36,102,890
Commercial Banks 24,917,762
Glass & Ceramics 21,714,500
Textile Composite 16,234,060
Food & Personal Care Products 12,537,068
Refinery 12,307,100
Cement 10,087,492
Engineering 7,612,777

 

 

Copyright Mettis Link News

 

Posted on: 2021-04-29T15:33:00+05:00

40965