PSX Closing Bell: The Downward Spiral

News Image

By MG News | April 05, 2021 at 05:53 PM GMT+05:00

0:00

April 05, 2021(MLN): Bears continued to dominate the Pakistan Stock Market on Monday with the benchmark KSE-100 Index shedding nearly 753 points during the trading session to close at the 43,548-mark.

In fact, exponential growth in trade deficit data and rising coronavirus infections shattered investors’ confidence at the bourse.

According to the closing note by Arif Habib Limited, ‘Investors became perturbed due to IMF conditionalities (post resumption of Program) that hints of the rising cost of production for the industries as well as withdrawal of tax exemptions that has seen no end unless the matter is deliberated and finalized in the Finance Act (i.e. upcoming Budget).’

The Index traded in a range of 957.49 points or 2.16 percent of the previous close, showing an intraday high of 44,430.28 and a low of 43,472.79.

Of the 96 traded companies in the KSE100 Index, 13 closed up 82 closed down, while 1 remained unchanged. The total volume traded for the index was 139.20 million shares.

Sector-wise, the index was let down by Technology & Communication with 142 points, Commercial Banks with 136 points, Cement with 88 points, Oil & Gas Exploration Companies with 60 points and Textile Composite with 48 points.

The most points taken off the index was by TRG which stripped the index of 94 points followed by SYS with 47 points, HBL with 42 points, LUCK with 41 points and UBL with 33 points.

Sectors propping up the index were Fertilizer with 24 points and Miscellaneous with 1 point.

The most points added to the index was by ENGRO which contributed 44 points followed by KAPCO with 5 points, EFUG with 3 points, HCAR with 1 point and ABOT with 1 point.

All Share Volume increased by 35.96 Million to 302.80 Million Shares. Market Cap decreased by Rs.133.40 Billion.

Total companies traded were 391 compared to 379 from the previous session. Of the scrips traded 61 closed up, 322 closed down while 8 remained unchanged.

Total trades increased by 9,241 to 125,016.

Value Traded decreased by 0.96 Billion to Rs.13.42 Billion

Company Volume

Top Ten by Volume

TRG Pakistan 24,561,569
Dost Steels 24,402,000
Silkbank 20,019,500
Byco Petroleum Pakistan 18,385,500
Pakistan Refinery 15,186,500
Unity Foods 13,355,265
Ghani Global Holdings 12,797,000
First National Equities 11,715,000
NetSol Technologies 7,413,500
Hum Network 7,255,000

 

Sector Volume

Top Sector by Volume

Technology & Communication 53,218,269
Refinery 39,436,400
Engineering 32,345,600
Commercial Banks 30,133,181
Chemical 21,902,220
Cement 18,091,403
Food & Personal Care Products 17,705,365
Inv. Banks / Inv. Cos. / Securities Cos. 17,277,744
Oil & Gas Marketing Companies 11,104,842
Power Generation & Distribution 10,402,073

 

 

Copyright Mettis Link News

 

Related News

Name Price/Vol %Chg/NChg
KSE100 128,199.43
336.91M
2.05%
2572.11
ALLSHR 79,787.62
1,023.63M
1.53%
1202.91
KSE30 39,105.00
121.90M
2.49%
951.21
KMI30 186,915.61
131.16M
1.10%
2029.11
KMIALLSHR 54,201.88
553.60M
0.81%
438.07
BKTi 33,476.68
51.49M
4.87%
1555.00
OGTi 27,962.58
9.77M
0.68%
188.60
Symbol Bid/Ask High/Low
Name Last High/Low Chg/%Chg
BITCOIN FUTURES 106,515.00 106,565.00
105,440.00
765.00
0.72%
BRENT CRUDE 67.13 67.29
67.05
0.02
0.03%
RICHARDS BAY COAL MONTHLY 97.50 97.50
97.50
0.70
0.72%
ROTTERDAM COAL MONTHLY 103.80 103.80
103.80
-3.45
-3.22%
USD RBD PALM OLEIN 998.50 998.50
998.50
0.00
0.00%
CRUDE OIL - WTI 65.45 65.65
65.34
0.00
0.00%
SUGAR #11 WORLD 15.70 16.21
15.55
-0.50
-3.09%

Chart of the Day


Latest News
July 02, 2025 at 06:01 AM GMT+05:00

MG Morning Breeze: Updates to Skim before Market


July 01, 2025 at 10:04 PM GMT+05:00

Pakistan’s trade deficit improves by over 9% in June


July 01, 2025 at 05:24 PM GMT+05:00

Gold price in Pakistan rises Rs6,600 per tola



Top 5 things to watch in this week

Pakistan Stock Movers
Name Last Chg/%Chg
Name Last Chg/%Chg