February 18, 2021 (MLN): The KSE-100 index ended the trading session on Thursday with a 625.40 point or 1.34 percent decline to close at 46,142.74.
Major despair in the trading floor was caused by the performance of the banking sector, especially after Meezan Bank and Faysal Bank announced their results. The trading activity was also influenced by the financial results of ENGRO, PSO, and MARI, all of which were announced today.
Another major highlight for today’s session was Dost Steels Limited, as it topped the volumes with 58.6M shares after Crescent Star Insurance Limited addressed different queries, particular by the members of DSL to clarify that it is not in possession of any material information, and nor is aware of any ongoing restructuring/acquisition deals as rumored.
The Index traded in a range of 696.98 points or 1.49 percent of previous close, showing an intraday high of 46,817.51 and a low of 46,120.53.
Of the 95 traded companies in the KSE100 Index 22 closed up 66 closed down, while 7 remained unchanged. Total volume traded for the index was 207.94 million shares.
Sector wise, the index was let down by Commercial Banks with 247 points, Cement with 83 points, Fertilizer with 74 points, Oil & Gas Exploration Companies with 68 points and Oil & Gas Marketing Companies with 55 points.
The most points taken off the index was by HBL which stripped the index of 91 points followed by ENGRO with 58 points, PSO with 52 points, LUCK with 44 points and MCB with 41 points.
Sectors propping up the index were Refinery with 6 points, Glass & Ceramics with 5 points, Insurance with 3 points, Automobile Parts & Accessories with 2 points and Cable & Electrical Goods with 1 points.
The most points added to the index was by ANL which contributed 10 points followed by GHGL with 5 points, AICL with 4 points, THALL with 3 points and KTML with 3 points.
All Share Volume decreased by 123.81 Million to 577.95 Million Shares. Market Cap decreased by Rs.75.98 Billion.
Total companies traded were 412 compared to 419 from the previous session. Of the scrips traded 140 closed up, 250 closed down while 22 remained unchanged.
Total trades decreased by 33,278 to 171,629.
Value Traded decreased by 5.30 Billion to Rs.23.20 Billion
| Company | Volume |
|---|---|
| Dost Steels | 58,666,000 |
| Telecard | 34,348,500 |
| K-Electric | 29,300,500 |
| Worldcall Telecom | 26,978,500 |
| Azgard Nine | 26,140,000 |
| Dewan Cement | 22,962,500 |
| Byco Petroleum Pakistan | 22,940,500 |
| Pakistan Refinery | 22,838,000 |
| Hum Network | 20,028,000 |
| Power Cement | 16,113,500 |
| Sector | Volume |
|---|---|
| Technology & Communication | 117,410,667 |
| Engineering | 71,880,744 |
| Cement | 64,308,477 |
| Refinery | 54,209,800 |
| Glass & Ceramics | 51,990,500 |
| Textile Composite | 37,135,240 |
| Power Generation & Distribution | 36,259,088 |
| Commercial Banks | 22,876,147 |
| Food & Personal Care Products | 16,406,809 |
| Cable & Electrical Goods | 15,375,300 |
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