May 5, 2021 (MLN): Bulls maintained their grip on the Pakistan stock market for the second consecutive day, with KSE 100 Index ending on a positive note and slightly below 45,000 mark. The benchmark KSE 100 Index gained 380 points, or 0.85%, by the close of trading to reach 44,943 level.
The uptrend was fuelled by the news regarding the resolution of the long-awaited IPPs issue as ECC was set to take up a matter pertaining to 40% dues to IPPs.
Due to this, IPPs like HUBC, PKGP, LPL, and NPL closed higher, a closing note by Topline Securities said.
Investors’ interest was also witnessed in the E&Ps sector today due to the rise in international oil prices. In addition, the Cement sector also remained in limelight after posting 40% YoY growth in overall dispatches for April’21. As a result, LUCK, DGKC and CHCC closed higher, it added.
The Index remained positive throughout the session touching an intraday high of 45,172.35
Of the 93 traded companies in the KSE100 Index 60 closed up 31 closed down, while 2 remained unchanged. Total volume traded for the index was 129.45 million shares.
Sectors propping up the index were Power Generation & Distribution with 116 points, Commercial Banks with 75 points, Oil & Gas Exploration Companies with 64 points, Cement with 48 points and Oil & Gas Marketing Companies with 32 points.
The most points added to the index was by HUBC which contributed 98 points followed by PSO with 34 points, POL with 28 points, LUCK with 21 points and PPL with 21 points.
Sector wise, the index was let down by Technology & Communication with 53 points, Refinery with 8 points and Leather & Tanneries with 1 points.
The most points taken off the index was by TRG which stripped the index of 54 points followed by SCBPL with 11 points, NRL with 8 points, HINOON with 4 points and EFERT with 3 points.
All Share Volume increased by 38.37 Million to 259.87 Million Shares. Market Cap increased by Rs.21.79 Billion.
Total companies traded were 370 compared to 371 from the previous session. Of the scrips traded 227 closed up, 126 closed down while 17 remained unchanged.
Total trades increased by 21,093 to 102,482.
Value Traded increased by 4.72 Billion to Rs.14.81 Billion
| Company | Volume |
|---|---|
| Unity Foods | 42,393,831 |
| Telecard | 32,751,000 |
| TRG Pakistan | 30,085,908 |
| Ghani Global Holdings | 23,081,000 |
| NetSol Technologies | 10,790,500 |
| Azgard Nine | 6,697,500 |
| Worldcall Telecom | 6,537,000 |
| Hum Network | 5,313,500 |
| Kot Addu Power Company | 4,459,500 |
| K-Electric | 4,346,500 |
| Sector | Volume |
|---|---|
| Technology & Communication | 89,152,408 |
| Food & Personal Care Products | 47,465,681 |
| Chemical | 26,093,150 |
| Power Generation & Distribution | 12,345,104 |
| Commercial Banks | 10,244,379 |
| Refinery | 10,018,800 |
| Engineering | 8,571,296 |
| Textile Composite | 8,227,840 |
| Cement | 8,063,215 |
| Glass & Ceramics | 7,704,000 |
Copyright Mettis Link News
41056
