January 11, 2021 (MLN): Despite the strong presence of bullish sentiment at start, the bourse closed at 45,605, down by a meager 49 points. The index stabilized at 46,000+ level after more than 20 months during the initial hours, however; it took a quick dip towards the red zone during final trading hours as profit taking emerged at higher levels.
According to the report by Aba Ali Habib Securities, sour news of Covid-19 second wave has had adverse affects on global oil prices, and concerns of further travel restrictions and lockdowns put a dent on investors’ sentiments.
Commercial banks sector remained the major focus of the investors as reporting period is close at hand, the report added.
The Index traded in a range of 575.86 points or 1.26 percent of previous close, showing an intraday high of 46,108.97 and a low of 45,533.11.
Of the 98 traded companies in the KSE100 Index 36 closed up 60 closed down, while 2 remained unchanged. Total volume traded for the index was 264.62 million shares.
Sector wise, the index was let down by Commercial Banks with 44 points, Textile Composite with 21 points, Technology & Communication with 20 points, Oil & Gas Exploration Companies with 12 points and Automobile Assembler with 10 points.
The most points taken off the index was by UBL which stripped the index of 23 points followed by MEBL with 20 points, PPL with 15 points, TRG with 12 points and MCB with 11 points.
Sectors propping up the index were Power Generation & Distribution with 42 points, Pharmaceuticals with 38 points, Chemical with 12 points, Leather & Tanneries with 8 points and Inv. Banks / Inv. Cos. / Securities Cos. with 6 points.
The most points added to the index was by SEARL which contributed 38 points followed by KAPCO with 26 points, COLG with 21 points, HUBC with 16 points and BAHL with 10 points.
All Share Volume decreased by 108.39 Million to 588.04 Million Shares. Market Cap decreased by Rs.13.11 Billion.
Total companies traded were 415 compared to 416 from the previous session. Of the scrips traded 173 closed up, 227 closed down while 15 remained unchanged.
Total trades decreased by 6,737 to 161,057.
Value Traded decreased by 3.90 Billion to Rs.17.75 Billion
| Company | Volume |
|---|---|
| Silkbank | 69,918,500 |
| Hum Network | 64,056,000 |
| Byco Petroleum Pakistan | 61,516,000 |
| The Bank of Punjab | 26,502,000 |
| Pakistan Refinery | 19,930,000 |
| Nimir Resins | 16,528,000 |
| Kot Addu Power Company | 15,551,000 |
| BankIslami Pakistan | 15,322,000 |
| K-Electric | 15,183,500 |
| Worldcall Telecom | 11,291,500 |
| Sector | Volume |
|---|---|
| Commercial Banks | 140,419,179 |
| Technology & Communication | 92,532,600 |
| Refinery | 84,682,100 |
| Power Generation & Distribution | 45,817,919 |
| Chemical | 31,677,390 |
| Cement | 22,691,380 |
| Inv. Banks / Inv. Cos. / Securities Cos. | 20,154,423 |
| Textile Composite | 19,649,490 |
| Oil & Gas Marketing Companies | 15,052,378 |
| Food & Personal Care Products | 13,871,840 |
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