February 24, 2023 (MLN): The capital market on Friday opened on a positive note but investors in the later hours opted to book their profit amid no clarity from the IMF board for the release of the 9th tranche of the IMF Extended Fund Facility and the expected hike in interest rate.
As a result, the benchmark KSE100 index ended the trading session on Friday with a loss of 130.75 points to close at 40,707.76, showing an intraday high of 40,978.88 and a low of 40,681.90.
The Index traded in a range of 296.98 points or 0.73% of the previous close.
Of the 92 traded companies in the KSE100 Index 24 closed up 64 closed down, while 4 remained unchanged. The total volume traded for the index was 76.07 million shares.
Sector-wise, the index was let down by Commercial Banks with 112 points, Oil & Gas Exploration Companies with 41 points, Technology & Communication with 31 points, Oil & Gas Marketing Companies with 26 points, and Glass & Ceramics with 8 points.
The most points taken off the index was by HBL which stripped the index of 74 points followed by TRG with 31 points, PPL with 21 points, OGDC with 17 points, and UBL with 16 points.
Sectors propping up the index were Miscellaneous with 65 points, Cement with 37 points, Food & Personal Care Products with 13 points, Power Generation & Distribution with 7 points, and Automobile Assembler with 6 points.
The most points added to the index was by PSEL which contributed 66 points followed by HUBC, KOHC & MLCF with 12 points and UPFL with 11 points.
All Share Volume increased by 3.18 million to 153.44mn shares. Market Cap decreased by Rs12.59 billion.
The total companies traded were 330 compared to 319 from the previous session. Of the scrips traded 113 closed up, 189 closed down and 28 remained unchanged.
Total trades decreased by 10,513 to 80,938.
Value Traded decreased by 0.81bn to Rs4.96bn.
| Company | Volume |
|---|---|
| Worldcall Telecom | 35,124,759 |
| Maple Leaf Cement Factory | 10,541,476 |
| TPL Properties | 7,081,672 |
| The Hub Power Company | 5,346,242 |
| Oil & Gas Development Company | 5,213,678 |
| Cnergyico PK | 4,933,970 |
| Pioneer Cement | 4,311,007 |
| K-Electric | 4,307,015 |
| Pakistan Petroleum | 4,157,159 |
| Pakistan Refinery | 4,122,000 |
| Sector | Volume |
|---|---|
| Technology & Communication | 44,274,758 |
| Cement | 21,848,478 |
| Power Generation & Distribution | 14,499,089 |
| Refinery | 10,422,224 |
| Oil & Gas Exploration Companies | 9,401,623 |
| Commercial Banks | 7,530,120 |
| Property | 7,370,672 |
| Oil & Gas Marketing Companies | 5,679,283 |
| Chemical | 4,388,746 |
| Fertilizer | 3,957,887 |
Copyright Mettis Link News
Posted on: 2023-02-24T19:34:43+05:00
