April 25, 2022 (MLN): The capital market remained bullish throughout the session on Monday wherein the benchmark KSE-100 index touched an intraday high of 46,199.79.
The positive sentiments across the board stemmed from the constructive discussions of Pakistan’s government with the International Monetary Fund (IMF) in Washington.
“We had very productive meetings with the Finance Minister of Pakistan Miftah Ismail over Pakistan’s economic developments and policies under the Extended Fund Facility (EFF) program. We agreed that prompt action is needed to reverse the unfunded subsidies which have slowed discussions for the 7th review”, Mr. Nathan Porter, IMF Mission Chief for Pakistan, stated in a statement issued today.
Meanwhile, PKR's recovery against the US dollar and strong corporate earnings have also boosted investors' confidence.
Accordingly, the index ended the trading session with a notable gain of 520.23 points to close at 46,073.25.
Of the 94 traded companies in the KSE100 Index 62 closed up while 32 closed down. The total volume traded for the index was 118.70 million shares.
Sectors propping up the index were Fertilizer with 157 points, Commercial Banks with 72 points, Technology & Communication with 58 points, Chemical with 53 points, and Power Generation & Distribution with 44 points.
The most points added to the index were by FFC which contributed 67 points followed by SYS with 57 points, EFERT with 44 points, EPCL with 42 points, and HUBC with 41 points.
Sector-wise, the index was let down by Refinery with 14 points, Cement with 3 points, Close-End Mutual Fund with 3 points, Sugar & Allied Industries with 2 points, and Automobile Parts & Accessories with 2 points.
The most points taken off the index was by CNERGY which stripped the index of 11 points followed by MLCF with 7 points, PTC with 5 points, NBP with 4 points, and FFBL with 4 points.
All share volume increased by 151.26 million to 368.83 million shares. Market Cap increased by Rs67.51 billion.
Total companies traded were 325 compared to 316 from the previous session. Of the scrips traded 163 closed up, 148 closed down while 14 remained unchanged.
Total trades increased by 39,992 to 117,207.
Value Traded increased by 4.37 billion to Rs9.66 billion
| Company | Volume |
|---|---|
| Hum Network | 46,871,500 |
| Telecard | 35,492,500 |
| Worldcall Telecom | 31,986,000 |
| G3 Technologies | 25,380,000 |
| Ghani Global Holdings | 21,768,000 |
| Pakistan Refinery | 18,366,000 |
| Pak Elektron | 16,594,000 |
| Cnergyico PK | 16,406,922 |
| TPL Properties | 10,418,348 |
| Lotte Chemical Pakistan | 9,810,500 |
| Sector | Volume |
|---|---|
| Technology & Communication | 132,016,224 |
| Chemical | 66,041,743 |
| Refinery | 36,758,071 |
| Cement | 21,286,600 |
| Cable & Electrical Goods | 18,919,500 |
| Food & Personal Care Products | 13,633,550 |
| Miscellaneous | 13,119,348 |
| Commercial Banks | 9,495,099 |
| Glass & Ceramics | 9,057,860 |
| Fertilizer | 7,186,137 |
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