PSX Closing Bell: Turbulence

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MG News | January 11, 2021 at 06:04 PM GMT+05:00

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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

Top Ten by 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

Top Sector by 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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290.06M
0.39%
517.42
ALLSHR 84,018.16
764.12M
0.48%
402.35
KSE30 40,814.29
132.59M
0.33%
132.52
KMI30 192,589.16
116.24M
0.49%
948.28
KMIALLSHR 56,072.25
387.69M
0.32%
180.74
BKTi 36,971.75
19.46M
-0.05%
-16.94
OGTi 28,240.28
6.19M
0.21%
58.78
Symbol Bid/Ask High/Low
Name Last High/Low Chg/%Chg
BITCOIN FUTURES 118,140.00 119,450.00
115,635.00
4270.00
3.75%
BRENT CRUDE 70.63 70.71
68.55
1.99
2.90%
RICHARDS BAY COAL MONTHLY 97.50 0.00
0.00
1.10
1.14%
ROTTERDAM COAL MONTHLY 108.75 108.75
108.75
0.40
0.37%
USD RBD PALM OLEIN 998.50 998.50
998.50
0.00
0.00%
CRUDE OIL - WTI 68.75 68.77
66.50
2.18
3.27%
SUGAR #11 WORLD 16.56 16.60
16.20
0.30
1.85%

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