April 22, 2021 (MLN): Pakistani equities opened on a positive note on Thursday, however, gains from stocks were wiped in late hours of the session as the benchmark KSE-100 index tanked 376.93 points to close the day at 44,929.61 level.
The market saw selling pressure during the trading session which was caused by rising COVID-19 cases and upcoming rollover week.
According to the closing note by Aba Ali Habib Research, worsening domestic virus tallies and anticipated reintroduction of more stringent Covid-19 related restrictions/lockdowns carried the lantern of anxiety amongst investors.
On the result front, the robust corporate earnings of UBL, BAFL, SHEL, KTML also affected the investors’ trading strategy.
The Index traded in a range of 611.84 points or 1.35 percent of previous close, showing an intraday high of 45,494.43 and a low of 44,882.59.
Of the 95 traded companies in the KSE100 Index 16 closed up 73 closed down, while 6 remained unchanged. Total volume traded for the index was 139.54 million shares.
Sector wise, the index was let down by Oil & Gas Exploration Companies with 94 points, Cement with 79 points, Textile Composite with 55 points, Technology & Communication with 45 points and Automobile Assembler with 34 points.
The most points taken off the index was by OGDC which stripped the index of 40 points followed by MCB with 29 points, PPL with 26 points, SYS with 25 points and LUCK with 20 points.
Sectors propping up the index were Commercial Banks with 88 points and Fertilizer with 15 points.
The most points added to the index was by UBL which contributed 56 points followed by HBL with 46 points, ENGRO with 27 points, BAFL with 11 points and BAHL with 8 points.
All Share Volume decreased by 58.97 Million to 328.94 Million Shares. Market Cap decreased by Rs.65.20 Billion.
Total companies traded were 390 compared to 388 from the previous session. Of the scrips traded 92 closed up, 276 closed down while 22 remained unchanged.
Total trades decreased by 14,245 to 121,124.
Value Traded decreased by 3.45 Billion to Rs.15.89 Billion
| Company | Volume |
|---|---|
| Ghani Global Holdings | 36,375,000 |
| TRG Pakistan | 30,209,797 |
| Worldcall Telecom | 26,896,000 |
| Unity Foods | 19,616,604 |
| Telecard | 11,774,500 |
| Byco Petroleum Pakistan | 9,419,000 |
| Pakistan Refinery | 8,528,000 |
| Balochistan Glass | 8,222,000 |
| Aisha Steel Mills | 8,152,000 |
| The Bank of Punjab | 8,110,500 |
| Sector | Volume |
|---|---|
| Technology & Communication | 84,758,797 |
| Chemical | 49,470,150 |
| Food & Personal Care Products | 32,614,684 |
| Commercial Banks | 26,446,344 |
| Refinery | 22,679,900 |
| Engineering | 22,273,278 |
| Cement | 20,741,605 |
| Glass & Ceramics | 15,388,000 |
| Power Generation & Distribution | 9,297,512 |
| Inv. Banks / Inv. Cos. / Securities Cos. | 6,987,896 |
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