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PSX Closing bell: The Less said, the better

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July 29, 2021 (MLN): Pakistan equities almost closed flat today where the index lost only 5.7 points to close at 47,312 level.

Market opened on a negative note where it lost 363 points as the government is mulling over strict measures including imposing a lockdown as Covid positivity ratio has reached 30% in the business hub of the country.

However, in the second half market witnessed some recover as Asad Umar in media briefing said that imposing complete lockdown is not an option to control rising covid situation in the country, a report by Topline Securities cited.

Banks, E&P, Cement, Power and Technology sectors saw selling pressure on the concern of lockdown as well as rollover positions, whereby investors preferred selling in ready market and bought futures, another report by Arif Habib Limited said.

Besides, during the session, HCAR, FFBL, HBL and EFERT announced their financial results amid ongoing earnings season which also effected investors’ sentiments for today.

The Index traded in a range of 419.48 points or 0.89 percent of previous close, showing an intraday high of 47,374.57 and a low of 46,955.09.

Of the 95 traded companies in the KSE100 Index 41 closed up 50 closed down, while 4 remained unchanged. Total volume traded for the index was 156.48 million shares.

Sector wise, the index was let down by Commercial Banks with 40 points, Textile Composite with 9 points, Power Generation & Distribution with 9 points, Food & Personal Care Products with 8 points and Automobile Assembler with 6 points.

The most points taken off the index was by HBL which stripped the index of 32 points followed by UBL with 9 points, HCAR with 9 points, ANL with 6 points and PSMC with 5 points.

Sectors propping up the index were Chemical with 19 points, Refinery with 12 points, Automobile Parts & Accessories with 12 points, Fertilizer with 12 points and Inv. Banks / Inv. Cos. / Securities Cos. with 11 points.

The most points added to the index was by THALL which contributed 13 points followed by EFERT with 12 points, LUCK with 11 points, DAWH with 9 points and ICI with 8 points.

All Share Volume increased by 10.67 Million to 376.45 Million Shares. Market Cap decreased by Rs.10.79 Billion.

Total companies traded were 405 compared to 432 from the previous session. Of the scrips traded 145 closed up, 243 closed down while 17 remained unchanged.

Total trades decreased by 7,791 to 128,352.

Value Traded remained relatively unchanged at Rs.12.27 Billion

Company Volume

Top Ten by Volume

Worldcall Telecom 50,152,500
Byco Petroleum Pakistan 47,105,500
Unity Foods 16,147,202
Fauji Fertilizer Bin Qasim 10,268,500
Hum Network 10,081,000
Aisha Steel Mills 9,657,500
Hascol Petroleum 9,487,049
Silkbank 9,453,500
TPL Corp 8,907,000
Pakistan Telecommunication Company Ltd 8,647,000

 

Sector Volume

Top Sector by Volume

Technology & Communication 104,036,724
Refinery 50,982,771
Food & Personal Care Products 35,406,842
Miscellaneous 17,885,000
Commercial Banks 15,153,335
Cement 14,259,685
Fertilizer 14,191,107
Oil & Gas Marketing Companies 14,170,131
Engineering 14,120,998
Power Generation & Distribution 11,298,128

 

 

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Posted on: 2021-07-29T18:31:00+05:00

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