January 25, 2021 (MLN): The KSE-100 index ended the trading session on Monday with a 219.60 point or 0.48 percent gain to close at 46,087.64.
The Index remained positive throughout the session touching an intraday high of 46,189.43. This can be accredited to the after-effects of the MPC meeting that was held on Friday, wherein the State Bank maintained the policy rate at 7%. Expectations of improvement in the financial performance for the quarter ended December 31, 2020 further boosted investors’ sentiments.
TRG continued to reign over the trading floors, as it added the highest points to the benchmark index. This was followed by HUBC, whose stocks were lifted after the company announced an agreement between its wholly owned subsidiary, Narowal Energy Limited and Central Power Purchasing Agency (Guarantee) Limited (Power Purchaser) to share future O&M savings and heat rate efficiency in the larger national interest and sectoral sustainability.
Some of the major events for today that had an impact on the performance of benchmark index include drop in oil prices for a second straight session as renewed COVID-19 lockdowns raised fresh concerns about global fuel demand. As a result, the E&P sector emerged as the worst performing sector for today.
Of the 97 traded companies in the KSE100 Index 54 closed up 39 closed down, while 4 remained unchanged. Total volume traded for the index was 258.30 million shares.
Sectors propping up the index were Technology & Communication with 96 points, Cement with 49 points, Pharmaceuticals with 45 points, Fertilizer with 38 points and Power Generation & Distribution with 22 points.
The most points added to the index was by TRG which contributed 85 points followed by HUBC with 20 points, ANL with 17 points, UNITY with 17 points and FFC with 17 points.
Sector wise, the index was let down by Oil & Gas Exploration Companies with 31 points, Commercial Banks with 24 points, Inv. Banks / Inv. Cos. / Securities Cos. with 16 points, Food & Personal Care Products with 10 points and Insurance with 7 points.
The most points taken off the index was by HBL which stripped the index of 24 points followed by DAWH with 17 points, OGDC with 15 points, UBL with 13 points and MEBL with 12 points.
All Share Volume increased by 39.43 Million to 470.06 Million Shares. Market Cap increased by Rs.28.61 Billion.
Total companies traded were 414 compared to 391 from the previous session. Of the scrips traded 226 closed up, 166 closed down while 22 remained unchanged.
Total trades increased by 29,784 to 156,071.
Value Traded increased by 5.22 Billion to Rs.21.05 Billion
| Company | Volume |
|---|
Top Ten by Volume
| K-Electric | 36,610,000 |
| Unity Foods | 36,256,262 |
| TRG Pakistan | 29,800,000 |
| Azgard Nine | 25,097,500 |
| Fauji Foods | 18,668,000 |
| Fauji Fertilizer Bin Qasim | 18,296,000 |
| Jahangir Siddiqui & Co. Ltd. | 15,905,000 |
| Aisha Steel Mills | 15,502,000 |
| Worldcall Telecom | 13,600,000 |
| Avanceon | 12,037,500 |
| Sector | Volume |
|---|
Top Sector by Volume
| Technology & Communication | 76,856,400 |
| Power Generation & Distribution | 53,195,978 |
| Vanaspati & Allied Industries | 36,256,262 |
| Engineering | 34,279,037 |
| Commercial Banks | 33,851,766 |
| Textile Composite | 31,857,700 |
| Cement | 30,469,855 |
| Food & Personal Care Products | 27,512,920 |
| Inv. Banks / Inv. Cos. / Securities Cos. | 26,238,201 |
| Fertilizer | 21,896,125 |
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