January 07, 2022 (MLN): The capital market turned positive on Friday on the news of IMF’s Executive Board meeting which is finally going to be held on January 12, 2022.
However, the index declined to make an intraday low of 113 points during early trade as investors seemed concerned about Mr. Zia Chisti nomination for the upcoming director's election, despite the ongoing investigation of harassment against him, a post-market note by Topline Securities noted.
The strong buying activity in the later hours added 263.35 points to the benchmark KSE100 index concluded the trading session at 45,345.65.
The Index traded in a range of 391.40 points or 0.87 percent of the previous close, showing an intraday high of 45,364.19 and a low of 44,972.79.
Of the 93 traded companies in the KSE100 Index 64 closed up 25 closed down, while 4 remained unchanged. The total volume traded for the index was 84.44 million shares.
Sectors propping up the index were Commercial Banks with 108 points, Fertilizer with 97 points, Power Generation & Distribution with 46 points, Oil & Gas Exploration Companies with 36 points, and Food & Personal Care Products with 11 points.
The most points added to the index were by HUBC which contributed 42 points followed by SYS with 40 points, EFERT with 35 points, FFC with 34 points, and UBL with 30 points.
Sector-wise, the index was let down by Technology & Communication with 45 points, Chemical with 21 points, Cement with 7 points, Pharmaceuticals with 2 points, and Textile Composite with 2 points.
The most points taken off the index was by TRG which stripped the index of 96 points followed by COLG with 28 points, DAWH with 6 points, MTL with 3 points, and GATM with 3 points.
All Share Volume decreased by 103.03 million to 242.26 million Shares. Market Cap increased by Rs43.82 billion.
Total companies traded were 354 compared to 360 from the previous session. Of the scrips traded 208 closed up, 124 closed down while 22 remained unchanged.
Total trades decreased by 28,423 to 97,403.
Value Traded decreased by 5.31 billion to Rs7.93 billion
| Company | Volume |
|---|---|
| Telecard | 26,149,000 |
| Worldcall Telecom | 21,662,500 |
| TRG Pakistan | 18,994,513 |
| Unity Foods Ltd(R) | 17,018,955 |
| Silkbank | 12,289,000 |
| Pace (Pakistan) | 7,945,500 |
| Summit Bank | 5,957,000 |
| Yousaf Weaving Mills | 5,417,500 |
| Cnergyico PK | 5,234,194 |
| Avanceon | 5,037,068 |
| Sector | Volume |
|---|---|
| Technology & Communication | 82,981,473 |
| Food & Personal Care Products | 27,848,300 |
| Commercial Banks | 24,783,393 |
| Refinery | 12,150,430 |
| Textile Spinning | 11,184,600 |
| Chemical | 10,365,740 |
| Miscellaneous | 10,275,400 |
| Inv. Banks / Inv. Cos. / Securities Cos. | 9,260,719 |
| Power Generation & Distribution | 8,855,752 |
| Cement | 5,930,208 |
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