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PSX Closing Bell: Snakes and Ladders

September 28, 2021 (MLN): Following the previous day’s recovery, the capital market traded the session in a narrow range on Tuesday, with the KSE-100 index gaining 457.17 points to settle at 45,274.93-mark.

The Index traded in a range of 547.26 points or 1.22 percent of previous close, showing an intraday high of 45,294.37 and a low of 44,747.11.

The rally gained steam by the end of the session due to the expectation of a successful sixth and seventh review of the US$6bn IMF loan program, a market note by Topline Securities highlighted.

While media reports suggested that Shaukat Tarin, Finance Minister also assured of Pakistan’s commitment to the IMF program.

On an announcement front, OGDCL posted the result early on and declared below expectation dividend that dragged the price down. The stock price went up (although remained below LDCP) after the announcement of the discovery, said Arif Habib in a closing note.

Of the 95 traded companies in the KSE100 Index 66 closed up 25 closed down, while 4 remained unchanged. Total volume traded for the index was 175.44 million shares.

Sectors propping up the index were Technology & Communication with 157 points, Refinery with 40 points, Food & Personal Care Products with 36 points, Oil & Gas Marketing Companies with 35 points and Fertilizer with 32 points.

The most points added to the index was by TRG which contributed 126 points followed by MEBL with 36 points, POL with 33 points, SYS with 26 points and UNITY with 24 points.

Sector wise, the index was let down by Chemical with 12 points, Miscellaneous with 6 points, Automobile Parts & Accessories with 4 points, Textile Spinning with 2 points and Paper & Board with 2 points.

The most points taken off the index was by COLG which stripped the index of 24 points followed by MCB with 22 points, OGDC with 19 points, HMB with 11 points and PPL with 8 points.

All Share Volume increased by 63.47 Million to 364.86 Million Shares. Market Cap increased by Rs.55.38 Billion.

Total companies traded were 556 compared to 547 from the previous session. Of the scrips traded 408 closed up, 127 closed down while 21 remained unchanged.

Total trades increased by 30,078 to 131,533.

Value Traded increased by 2.85 Billion to Rs.14.03 Billion

Company Volume

Top Ten by Volume

Telecard 35,843,500
Byco Petroleum Pakistan 33,641,500
Worldcall Telecom 22,144,000
Nishat Chunian 17,010,500
Unity Foods 15,779,253
TRG Pakistan 12,983,155
Hum Network 11,158,000
Azgard Nine 9,006,500
Treet Corporation 8,753,500
Dolmen City REIT 8,353,500


Sector Volume

Top Sector by Volume

Technology & Communication 101,288,455
Refinery 40,764,569
Food & Personal Care Products 40,646,643
Textile Composite 27,764,400
Commercial Banks 22,248,920
Cement 14,207,329
Cable & Electrical Goods 11,538,400
Chemical 11,488,160
Miscellaneous 11,178,800
Power Generation & Distribution 10,095,405



Copyright Mettis Link News


Posted on: 2021-09-28T17:26:34+05:00


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