January 13, 2022 (MLN): Domestic equities remained under pressure throughout the day today as the country reported the highest ever Covid-19 infections in the last 4 months.
The market opened on a bleak note as investors remained risk-averse. In the Refinery sector, CNERGY remained in the limelight as its board-approved acquisition of 57.37% stake in Puma Energy by virtue of which it will become the second-largest retail fuel network in Pakistan, a market closing note by Arif Habib Limited cited.
In the last trading hour, profit-taking was witnessed across the board. Activity continued to remain side-ways as the market witnessed hefty volumes in the 3rd tier stocks, the report added.
Consequently, the Index closed at 45,763.2 points as against 45,916.3pts showing a decrease of 153.1pts (–0.33% DoD).
The Index traded in a range of 308.48 points or 0.67 percent of the previous close, showing an intraday high of 46,002.43 and a low of 45,693.95.
Of the 90 traded companies in the KSE100 Index 31 closed up 58 closed down, while 1 remained unchanged. Total volume traded for the index was 130.51 million shares.
Sector wise, the index was let down by Technology & Communication with 50 points, Cement with 34 points, Food & Personal Care Products with 22 points, Tobacco with 14 points and Pharmaceuticals with 12 points.
The most points taken off the index was by TRG which stripped the index of 39 points followed by LUCK with 15 points, PAKT with 14 points, SYS with 12 points and UNITY with 11 points.
Sectors propping up the index were Refinery with 17 points, Automobile Assembler with 6 points, Sugar & Allied Industries with 3 points, Oil & Gas Exploration Companies with 2 points and Chemical with 2 points.
The most points added to the index was by CNERGY which contributed 17 points followed by MCB with 12 points, POL with 8 points, INDU with 7 points and EFERT with 6 points.
All Share Volume decreased by 186.78 Million to 327.60 Million Shares. Market Cap decreased by Rs.29.94 Billion.
Total companies traded were 353 compared to 377 from the previous session. Of the scrips traded 135 closed up, 196 closed down while 22 remained unchanged.
Total trades decreased by 43,645 to 104,181.
Value Traded decreased by 4.12 Billion to Rs.6.48 Billion
| Company | Volume |
|---|---|
| Cnergyico PK | 74,075,598 |
| Worldcall Telecom | 47,814,000 |
| Hascol Petroleum | 23,397,469 |
| Unity Foods Ltd(R) | 15,179,826 |
| TRG Pakistan | 9,825,084 |
| Media Times | 9,591,500 |
| Dost Steels | 9,480,500 |
| First Dawood Investment Bank | 8,047,500 |
| Silkbank | 6,277,500 |
| NetSol Technologies | 5,595,300 |
| Sector | Volume |
|---|---|
| Technology & Communication | 92,634,419 |
| Refinery | 78,007,856 |
| Food & Personal Care Products | 27,171,898 |
| Oil & Gas Marketing Companies | 25,823,665 |
| Inv. Banks / Inv. Cos. / Securities Cos. | 15,634,869 |
| Commercial Banks | 15,006,400 |
| Engineering | 11,476,506 |
| Chemical | 9,992,450 |
| Miscellaneous | 8,197,600 |
| Textile Composite | 6,105,020 |
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