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Sukuk expected to close by this quarter: Unity Foods...
PSX Closing Bell: Green Day
April 9, 2021 (MLN): Bulls continue to steer the market today as the KSE-100 benchmark index pushed through the 45,000 level towards the end of session.
The positivity in the market was attributed to SBP’s chairman statement in which he indicated that interest rate will remain sticky at current level in near future, strengthened the investors’ confidence, Topline Securities said.
Based on this, the bourse closed with the increase of 455 points, taking the KSE-100 benchmark index to the 45,186 points, up by 1% compared to yesterday’s close.
The Index remained positive throughout the session touching an intraday high of 45,249.98
Of the 97 traded companies in the KSE100 Index 69 closed up 24 closed down, while 4 remained unchanged. Total volume traded for the index was 293.01 million shares.
Sectors propping up the index were Technology & Communication with 139 points, Oil & Gas Exploration Companies with 84 points, Cement with 51 points, Commercial Banks with 46 points and Textile Composite with 44 points.
The most points added to the index was by TRG which contributed 120 points followed by HBL with 29 points, POL with 28 points, NRL with 24 points and PPL with 22 points.
Sector wise, the index was let down by Fertilizer with 70 points, Inv. Banks / Inv. Cos. / Securities Cos. with 24 points, Automobile Assembler with 2 points, Tobacco with 1 points and Glass & Ceramics with 1 points.
The most points taken off the index was by ENGRO which stripped the index of 69 points followed by DAWH with 28 points, BAHL with 7 points, INDU with 4 points and NATF with 4 points.
All Share Volume increased by 304.93 Million to 688.04 Million Shares. Market Cap increased by Rs.60.41 Billion.
Total companies traded were 404 compared to 391 from the previous session. Of the scrips traded 286 closed up, 107 closed down while 11 remained unchanged.
Total trades increased by 38,460 to 181,461.
Value Traded increased by 7.37 Billion to Rs.25.34 Billion
| Company | Volume |
|---|---|
| Worldcall Telecom | 124,482,500 |
| Telecard | 60,213,000 |
| Byco Petroleum Pakistan | 50,206,500 |
| Unity Foods | 37,428,428 |
| Pakistan Refinery | 30,223,000 |
| TRG Pakistan | 29,016,571 |
| Pak Elektron | 27,380,500 |
| Ghani Global Holdings | 23,493,500 |
| Hum Network | 16,466,500 |
| Hascol Petroleum | 12,007,791 |
| Sector | Volume |
|---|---|
| Technology & Communication | 257,392,971 |
| Refinery | 90,423,400 |
| Food & Personal Care Products | 56,067,498 |
| Chemical | 49,098,150 |
| Cement | 34,410,646 |
| Engineering | 32,628,979 |
| Cable & Electrical Goods | 30,913,650 |
| Inv. Banks / Inv. Cos. / Securities Cos. | 19,183,585 |
| Commercial Banks | 18,956,903 |
| Glass & Ceramics | 18,029,000 |
Chashma Sugar Mills to set up a new subsidiary...
April 9, 2021 (MLN): The management of Chashma Sugar Mills Limited has approved to incorporate a new subsidiary company in the name of "Ultimate Whole Foods (Private) Limited" to set up mills for milling wheat, gram, other grains, cereals, bran, other allied products and value-added products and by-products such as biscuits, flakes, pasta, confectionery and other related by-products from flours of all kinds and description.
As per the notice issued to PSX, the total paid-up capital of the new Company will be Rs. 400.00 million divided into 40 million shares of Rs.10 each. 51% shareholding i.e. Rs. 200.400 million will be contributed by the Company and the remaining will be contributed by the Directors of the Company.
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Weekly SPI Increases by 18.43% YoY
April 09, 2021 (MLN): The Weekly Sensitive Price Indicator (SPI) for the Combined Group increased by 0.6% during the week ended Apr 08, 2021 while the SPI increased by 18.43% compared to the corresponding period from last year.
According to data released by the Pakistan Bureau of Statistics (PBS) the Combined Index was at 148 compared to 147.12 on Apr 01, 2021 while the index was recorded at 124.97 a year ago, on Apr 09, 2020
Out of the 51 monitored items, the average price of 18 items increased, 13 items decreased whereas 20 items registered no change during the week.
The weekly SPI percentage change by income groups showed that SPI increased across all quantiles ranging between 0.51% and 0.69%.
The Lowest Income Group witnessed a weekly increase of 0.51% while the highest income group recorded an increase of 0.62%.
On a yearly basis, analysis of SPI change across different income segments showed that SPI increased across all quantiles ranging between 17.15% and 21.97%.
Yearly SPI for the Lowest Income Group increased by 21.97% while the highest income group recorded an increase of 17.15%.
The average price of Sona urea stood at Rs.1748 per 50 kg bag which is 0.17% lower than last week’s price and 3.99% higher when compared to last year.
Meanwhile, the average Cement price was recorded at Rs.614 per 50 kg bag, which is 0.33% higher than the previous week and 12.45% higher than prices last year.
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SECP witnesses 39% growth in companies’ incorporation
April 9, 2021: The reforms introduced by the Securities and Exchange Commission of Pakistan (SECP) for ease of doing business and digitalization are resulting in the continued growth of entrepreneurship in the country.
In the first three-quarters of FY 2020-21, SECP has incorporated 19,251 companies, representing an annual growth of 39%, compared to the same period last year. The SECP registered 14,493 companies in FY 2018-2019 and 16,945 companies in FY 2019-2020. The total number of registered companies with SECP has now reached 139,620. Out of the total registered companies, 118,280 companies are active, which accounts for 85% of total companies which are filling their annual returns.
In March 2021, despite the challenges of Covid-19, the SECP has witnessed 72% growth in registration of new companies by registering 2,513 new companies, compared to the same month last year. This is the highest number of companies ever registered in a single month. Around 99% of companies were registered online and 25 % of applicants completed the incorporated process the same day. This month, 260 foreign users were also registered from overseas.
Around 65% of companies were registered as private limited companies, while around 31 % were registered as single-member companies and the remaining 5% were public unlisted companies, not-for-profit associations, trade organizations, foreign companies and limited liability partnerships. The construction & real estate sector took the lead with the incorporation of 414, trading with 393, IT with 311, services with 247, and food and beverages with 110.
Foreign investment has been reported in 43 new companies. These companies have foreign investors from Afghanistan, Australia, China, Germany, Hungary, Iran, Korea South, Mauritius, Norway, Philippines, South Africa, Spain, Sweden, Thailand, Turkey, the UAE, UK and the US.
The highest numbers of companies, i.e. 850 were registered in Islamabad, followed by 751 and 385 companies registered in Lahore and Karachi respectively. The CROs in Peshawar, Multan, Faisalabad, Gilgit-Baltistan, Quetta and Sukkur registered 176, 170, 104, 43, 22 and 12 companies respectively.
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