Jul 09, 2021 (MLN): After witnessing the bullish session yesterday, the local bourse remained under the selling pressure on Friday and ended the session in red territory.
Despite the positive developments on the economic front i.e, Pakistan’s foreign reserves increased to $24.4billion and the issuance of $1bn Green Bonds, investors’ skeptical behavior made the benchmark KSE100 index to shed 489.72 points to close at 47,563.45.
The index touched an intraday low of 47,546.01.
Of the 95 traded companies in the KSE100 Index 21 closed up 73 closed down, while 1 remained unchanged. Total volume traded for the index was 124.66 million shares.
Sector wise, the index was let down by Cement with 102 points, Technology & Communication with 79 points, Oil & Gas Exploration Companies with 48 points, Fertilizer with 46 points and Commercial Banks with 33 points.
The most points taken off the index was by TRG which stripped the index of 60 points followed by LUCK with 54 points, HUBC with 31 points, PAKT with 22 points and UNITY with 18 points.
Sectors propping up the index were Inv. Banks / Inv. Cos. / Securities Cos. with 19 points, Leather & Tanneries with 1 points, Textile Spinning with 1 points and Close – End Mutual Fund with 1 points.
The most points added to the index was by PSX which contributed 18 points followed by HBL with 7 points, KAPCO with 6 points, NESTLE with 5 points and FCEPL with 3 points.
All Share Volume increased by 30.75 Million to 505.99 Million Shares. Market Cap decreased by Rs.57.04 Billion.
Total companies traded were 406 compared to 429 from the previous session. Of the scrips traded 159 closed up, 237 closed down while 10 remained unchanged.
Total trades decreased by 8,048 to 151,241.
Value Traded decreased by 5.94 Billion to Rs.15.37 Billion
| Company | Volume |
|---|---|
| TPL Corp | 41,978,000 |
| Pace (Pakistan) | 27,113,500 |
| Worldcall Telecom | 25,782,500 |
| Byco Petroleum Pakistan | 23,679,000 |
| Pervez Ahmed Consultancy Services Ltd. | 17,767,000 |
| Citi Pharma Ltd. | 14,909,500 |
| First Dawood Investment Bank | 14,034,500 |
| Invest Capital Investment Bank | 14,018,000 |
| Silkbank | 13,037,500 |
| Dewan Cement | 12,251,500 |
| Sector | Volume |
|---|---|
| Technology & Communication | 110,137,912 |
| Inv. Banks / Inv. Cos. / Securities Cos. | 68,527,940 |
| Miscellaneous | 36,603,400 |
| Food & Personal Care Products | 33,596,033 |
| Textile Spinning | 31,785,300 |
| Refinery | 29,448,522 |
| Cement | 28,211,485 |
| Commercial Banks | 23,132,308 |
| Chemical | 16,325,670 |
| Pharmaceuticals | 15,974,601 |
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