August 3, 2021 (MLN): Following on from the strong upward trend seen yesterday, the domestic equity market maintained this momentum on Tuesday, thanks to positive economic data.
Investors’ sentiments remained buoyant today on an account of the approval by the IMF Board of governors for the USD650billion SDR allocation to boost global liquidity after which Pakistan central bank’s reserves are likely to increase by USD2.8bn by end of August.
Moreover, according to the market closing note by Topline Securities, investors also cheered an improvement in July’s trade deficit by USD590mn MoM that sustained the bull momentum throughout the day.
The KSE-100 Index closed the trading session at 47,758.32, up by 305.07 points or 0.64 percent. It hit an intraday high of 47,807.41.
Of the 96 traded companies in the KSE100 Index, 70 closed up 24 closed down, while 2 remained unchanged. The total volume traded for the index was 143.34 million shares.
Sectors propping up the index were Cement with 63 points, Technology & Communication with 63 points, Commercial Banks with 55 points, Oil & Gas Marketing Companies with 42 points and Refinery with 26 points.
The most points added to the index was by TRG which contributed 51 points followed by HBL with 24 points, MEBL with 21 points, MLCF with 19 points and POL with 17 points.
Sector-wise, the index was let down by Tobacco with 8 points, Fertilizer with 5 points, Miscellaneous with 4 points, Chemical with 3 points and Power Generation & Distribution with 2 points.
The most points taken off the index was by ENGRO which stripped the index of 10 points followed by OGDC with 10 points, HMB with 9 points, PAKT with 8 points and HUBC with 8 points.
All Share Volume increased by 190.87 Million to 443.21 Million Shares. Market Cap increased by Rs.48.27 Billion.
Total companies traded were 482 compared to 486 from the previous session. Of the scrips traded 335 closed up, 120 closed down while 27 remained unchanged.
Total trades increased by 55,007 to 155,960.
Value Traded increased by 6.94 Billion to Rs.16.20 Billion
Top Ten by Volume |
|---|
Company | Volume |
|---|
Worldcall Telecom | 36,354,000 |
Telecard | 29,471,500 |
Byco Petroleum Pakistan | 29,391,500 |
TPL Corp | 22,176,500 |
Citi Pharma Ltd. | 16,016,000 |
Treet Corporation | 15,529,500 |
Ghani Global Glass | 13,403,000 |
Unity Foods | 11,572,700 |
Flying Cement Company | 11,072,500 |
Pace (Pakistan) | 8,944,500 |
Top Sector by Volume |
|---|
Sector | Volume |
|---|
Technology & Communication | 117,674,149 |
Food & Personal Care Products | 42,467,980 |
Refinery | 38,590,221 |
Cement | 24,887,066 |
Miscellaneous | 24,518,400 |
Chemical | 21,310,470 |
Glass & Ceramics | 21,237,300 |
Oil & Gas Marketing Companies | 18,539,445 |
Pharmaceuticals | 17,011,889 |
Engineering | 15,800,552 |
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