February 24, 2021 (MNL): The KSE-100 index ended the trading session on Wednesday with a 366.17 point or 0.80 percent decline to close at 45,362.58.
Amidst a roll-over week, the benchmark index was further influenced by oil prices, which fell on Wednesday after industry data showed a surprise build in U.S. crude stocks last week as a deep freeze in the southern states curbed demand from refineries that were forced to shut.
Further strain on the trading activity was caused by financial results of OGDCL, wherein the company reported a 20.5% decline in net profits to Rs 42.2 billion with Earnings per share (EPS) of Rs 9.82 during 1HFY21, against the profits of Rs 53 billion (EPS: Rs 12.35) earned in the corresponding period of last year.
National Bank of Pakistan, on the contrary, reported earnings of Rs. 30.58 billion (EPS: 14.33) for the year ended December 31, 2020, i.e. around 84% higher as compared to the last year.
The Index traded in a range of 676.95 points or 1.48 percent of previous close, showing an intraday high of 45,887.82 and a low of 45,210.87.
Of the 96 traded companies in the KSE100 Index 16 closed up 78 closed down, while 2 remained unchanged. Total volume traded for the index was 280.82 million shares.
Sector wise, the index was let down by Oil & Gas Exploration Companies with 48 points, Fertilizer with 46 points, Textile Composite with 41 points, Power Generation & Distribution with 38 points and Oil & Gas Marketing Companies with 36 points.
The most points taken off the index was by OGDC which stripped the index of 32 points followed by ENGRO with 26 points, PSO with 24 points, NBP with 23 points and HUBC with 22 points.
Sectors propping up the index were Commercial Banks with 22 points.
The most points added to the index was by HBL which contributed 30 points followed by MEBL with 27 points, LUCK with 24 points, MCB with 14 points and MARI with 11 points.
All Share Volume decreased by 160.72 Million to 557.50 Million Shares. Market Cap decreased by Rs.78.04 Billion.
Total companies traded were 420 compared to 359 from the previous session. Of the scrips traded 80 closed up, 322 closed down while 18 remained unchanged.
Total trades decreased by 21,217 to 177,837.
Value Traded increased by 0.95 Billion to Rs.26.25 Billion
| Company | Volume |
|---|---|
| Byco Petroleum Pakistan | 84,363,000 |
| TRG Pakistan | 47,483,242 |
| Worldcall Telecom | 27,272,000 |
| Hum Network | 24,014,000 |
| Media Times | 19,221,000 |
| Telecard | 14,925,000 |
| Unity Foods | 13,693,626 |
| Power Cement | 12,134,000 |
| Pakistan International Bulk Terminal | 11,128,000 |
| Maple Leaf Cement Factory | 11,124,025 |
| Sector | Volume |
|---|---|
| Technology & Communication | 153,320,642 |
| Refinery | 105,603,200 |
| Cement | 43,934,488 |
| Commercial Banks | 33,437,520 |
| Inv. Banks / Inv. Cos. / Securities Cos. | 28,328,542 |
| Food & Personal Care Products | 24,022,796 |
| Engineering | 19,696,446 |
| Textile Composite | 18,900,820 |
| Power Generation & Distribution | 17,025,005 |
| Oil & Gas Marketing Companies | 14,901,382 |
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