January 31, 2022 (MLN): Domestic equities kicked off the week on a positive note, where the market remained in the green zone thorughout the day.
Positive sentiments in the market were stemmed from the approval of the SBP Amendment Bill through the upper house which will pave the way for the disbursement of $1bn tranche from IMF.
On the announcement front, ISL and FFC have announced financial results amid the ongoing earnings season, as per which ISL reported 52% YoY growth in profits while FFC registered a 20% YoY increase in profitability.
Consequently, at the end of trading, the benchmark KSE-100 Index gained 297 points to settle at the 45,375 level.
Accumulating 385 pts the benchmark KSE 100 index recorded an intraday high of 45,462.62 points
Of the 95 traded companies in the KSE100 Index 71 closed up 21 closed down, while 3 remained unchanged. The total volume traded for the index was 91.95 million shares.
Sectors propping up the index were Commercial Banks with 65 points, Fertilizer with 41 points, Technology & Communication with 33 points, Oil & Gas Exploration Companies with 30 points and Food & Personal Care Products with 25 points.
The most points added to the index was by BAHL which contributed 52 points followed by COLG with 29 points, TRG with 23 points, UNITY with 21 points and PPL with 16 points.
Sector-wise, the index was let down by Leather & Tanneries with 4 points, Tobacco with 4 points, Automobile Parts & Accessories with 3 points, Inv. Banks / Inv. Cos. / Securities Cos. with 2 points and Insurance with 1 point.
The most points taken off the index was by AICL which stripped the index of 8 points followed by MEBL with 8 points, EPCL with 7 points, DAWH with 6 points and ISL with 6 points.
All Share Volume decreased by 7.23 million to 251.68 million Shares. Market Cap increased by Rs40.90 billion.
Total companies traded were 360 compared to 333 from the previous session. Of the scrips traded 237 closed up, 96 closed down while 27 remained unchanged.
Total trades increased by 16,650 to 112,093.
Value Traded increased by 0.44 billion to Rs8.56 billion
| Company | Volume |
|---|---|
| Treet Corporation | 22,937,500 |
| Worldcall Telecom | 22,493,500 |
| TRG Pakistan | 18,123,023 |
| Waves Singer Pakistan | 17,140,000 |
| Hum Network | 15,610,000 |
| Unity Foods | 12,836,842 |
| Ghani Global Holdings | 11,912,000 |
| Telecard | 8,521,000 |
| Cnergyico PK | 6,746,040 |
| TPL Properties | 5,881,500 |
| Sector | Volume |
|---|---|
| Technology & Communication | 75,205,444 |
| Food & Personal Care Products | 43,737,377 |
| Chemical | 20,206,990 |
| Cable & Electrical Goods | 18,599,400 |
| Commercial Banks | 15,316,630 |
| Refinery | 11,019,430 |
| Miscellaneous | 7,196,800 |
| Power Generation & Distribution | 6,961,232 |
| Engineering | 6,908,792 |
| Textile Composite | 6,114,906 |
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