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PSX Closing Bell: The Neutral Zone

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June 02, 2021 (MLN): After gathering around 1,400 points in the last three sessions, the capital markets on Wednesday traded in a narrow range as the benchmark KSE-100 index landed in consolidation by losing just 64 points or down by 0.13% compared to yesterday’s close to settle at 48,126.90- level.

During the day investors took to profit booking on the back of 8% MoM index gains in May’21, a closing note by Aba Ali Habib said.

Moreover, delays in payments to Independent Power Producers (IPPs) took to the limelight as the first tranche amounting to Rs89.9 billion is set to expire on June 07, 2021 which was approved by ECC and Cabinet committee.

The Index traded in a range of 328.40 points or 0.68 percent of the previous close, showing an intraday high of 48,286.31 and a low of 47,957.91.

Of the 98 traded companies in the KSE100 Index 42 closed up 54 closed down, while 2 remained unchanged. Total volume traded for the index was 361.19 million shares.

Sector-wise, the index was let down by Oil & Gas Exploration Companies with 50 points, Cement with 29 points, Commercial Banks with 25 points, Technology & Communication with 23 points and Fertilizer with 11 points.

The most points taken off the index was by HBL which stripped the index of 35 points followed by OGDC with 21 points, PPL with 17 points, LUCK with 16 points and TRG with 14 points.

Sectors propping up the index were Automobile Assembler with 18 points, Miscellaneous with 13 points, Refinery with 13 points, Oil & Gas Marketing Companies with 10 points and Leather & Tanneries with 9 points.

The most points added to the index was by KAPCO which contributed 15 points followed by NBP with 14 points, HCAR with 14 points, SHFA with 13 points and UNITY with 13 points.

All Share Volume decreased by 345.61 Million to 1046.42 Million Shares. Market Cap decreased by Rs.1.24 Billion.

Total companies traded were 428 compared to 421 from the previous session. Of the scrips traded 216 closed up, 194 closed down while 18 remained unchanged.

Total trades decreased by 30,632 to 225,388.

Value Traded decreased by 2.71 Billion to Rs.27.78 Billion

Company Volume

Top Ten by Volume

Worldcall Telecom 202,682,500
Byco Petroleum Pakistan 59,112,500
Pakistan Telecommunication Company Ltd 36,195,000
Unity Foods 34,546,971
Azgard Nine 30,770,000
Hum Network 30,526,000
Ghani Global Holdings 30,323,000
Aisha Steel Mills 26,714,500
Pakistan Refinery 24,241,000
Flying Cement Company 21,557,500

 

Sector Volume

Top Sector by Volume

Technology & Communication 307,204,353
Refinery 89,514,200
Food & Personal Care Products 74,059,711
Engineering 59,993,024
Chemical 56,335,880
Commercial Banks 54,809,403
Cement 50,677,550
Inv. Banks / Inv. Cos. / Securities Cos. 48,740,786
Textile Composite 38,761,490
Textile Spinning 34,506,500

 

 

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Posted on: 2021-06-02T18:14:00+05:00

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