March 2, 2021 (MLN): The KSE-100 index ended the trading session on Tuesday with a 370.84 point or 0.81 percent gain to close at 45,964.27.
The benchmark index took some inspiration from international markets, which built on a global rebound from last week's rout as concerns about rising bond yields subsided and investors turned their attention back to the improving economic outlook and improving vaccine rollouts.
Other major market moving events for today entailed the news of OGRA increasing the price of locally produced LPG by Rs.21.78 per cylinder of 11.8 kilograms to Rs. 1,884.92 for the month of March. The per Metric Ton LPG rate has been fixed at Rs159,738.70 for the month.
PSO emerged as one of the top performers today after it posted volumetric growth of 58% YoY during the month Feb’21 contributed by strong FO sales (up by 1.9x YoY). Moreover, the company continued to grab the largest market share of 46% during the month.
Nonetheless, investors remained on the suburbs ahead of the meeting that is slated to take place between the members of the oil cartel OPEC and its allies this week to discuss adjusting output.
The Index traded in a range of 546.94 points or 1.20 percent of previous close, showing an intraday high of 46,077.92 and a low of 45,530.98.
Of the 96 traded companies in the KSE100 Index 61 closed up 28 closed down, while 7 remained unchanged. Total volume traded for the index was 203.65 million shares.
Sectors propping up the index were Commercial Banks with 109 points, Technology & Communication with 65 points, Power Generation & Distribution with 56 points, Oil & Gas Marketing Companies with 53 points and Textile Composite with 29 points.
The most points added to the index was by TRG which contributed 66 points followed by HUBC with 32 points, PSO with 31 points, HBL with 30 points and BAFL with 27 points.
Sector wise, the index was let down by Cement with 29 points, Inv. Banks / Inv. Cos. / Securities Cos. with 14 points, Chemical with 4 points, Insurance with 2 points and Synthetic & Rayon with 2 points.
The most points taken off the index was by LUCK which stripped the index of 28 points followed by DAWH with 15 points, EPCL with 9 points, POL with 9 points and HMB with 8 points.
All Share Volume increased by 30.80 Million to 399.19 Million Shares. Market Cap increased by Rs.69.24 Billion.
Total companies traded were 417 compared to 421 from the previous session. Of the scrips traded 274 closed up, 125 closed down while 18 remained unchanged.
Total trades increased by 12,093 to 147,764.
Value Traded increased by 4.58 Billion to Rs.22.97 Billion
| Company | Volume |
|---|---|
| TRG Pakistan | 38,336,947 |
| Azgard Nine | 31,310,000 |
| Aisha Steel Mills | 29,530,500 |
| Byco Petroleum Pakistan | 29,471,500 |
| Ghani Global Holdings | 14,201,500 |
| Unity Foods | 12,743,403 |
| Telecard | 10,360,000 |
| Hum Network | 8,951,500 |
| K-Electric | 8,400,000 |
| NetSol Technologies | 8,112,000 |
| Sector | Volume |
|---|---|
| Technology & Communication | 76,697,447 |
| Engineering | 46,822,317 |
| Textile Composite | 40,887,440 |
| Refinery | 40,009,000 |
| Chemical | 26,168,190 |
| Commercial Banks | 24,510,164 |
| Food & Personal Care Products | 24,226,803 |
| Cement | 18,806,782 |
| Power Generation & Distribution | 17,686,126 |
| Inv. Banks / Inv. Cos. / Securities Cos. | 15,854,156 |
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