· Disregarding the stringent COVID lockdown conditions, the KSE100 index performed well today, adding a total of 453pts during the session and closed the session on that note (unadjusted). Traded volumes remained thin in comparison with daily traded volumes. Activity was tilted towards Technology and Textile sectors, which was mainly due to the ascend in PKR parity against USD, climbing 163 in the kerb market. Besides these sectors, investors took fresh positions in chemical, O&GMCs and Cement sector stocks after the successful closure of the rollover week on Friday. Financial results posted earlier in the session also helped reinforce and restores investor confidence. Among scrips, WTL led the volumes with 16.7M shares, followed by HUMNL (15.9M) and BYCO (13.7M).
· The Index closed at 47,453pts as against 447,055pts showing an increase of 398pts (+0.8% DoD). Sectors contributing to the performance include Banks (+62pts), Technology (+58pts), Chemical (+48pts), Textile (+47pts) and Power (+31pts).
· Volumes declined from 399mn shares to 252.3mn shares (-37% DoD). Average traded value also declined by 33% to reach US$ 56.5mn as against US$ 84.1mn
· Stocks that contributed significantly to the volumes include WTL, HUMNL, BYCO, TELE and HASCOL, which formed 27% of total volumes.
· Stocks that contributed positively to the index include TRG (+32pts), EPCL (+29pts), MCB (+27pts), HUBC (+25pts) and SYS (+25pts). Stocks that contributed negatively include DAWH (-10pts), LUCK (-7pts), POL (-5pts), AGP (-5pts) and BAFL (-4pts).
(Courtesy – AHL)