Thursday, January 28, 2021

KSE-100 ends in green despite blue chip selling

Featured

US aircraft carrier enters South China Sea amid tensions over Taiwan

The US military said on Sunday that the aircraft carrier group Theodore Roosevelt has entered the South China Sea...

India administered one million doses of Corona vaccine within 6 days

Today, the Indian Ministry of Health announced the completion of the distribution of one million doses for the emerging...

Who is Joe Biden? – Learn more about the United States 46th President

Who is Joe Biden? The new American president was Barack Obama's deputy for eight years and a senator for...
Zain Zubair
Zain Zubair
Zain Zubair is a staff writer for World News Observer. He is studying ACCA in Pakistan. Besides Accountancy and writing pieces, he loves cooking and nature photography. Zain has attended various modern journalism workshops. Contact: [email protected]

First day of Ramadan started on a positive note, went up by 200pts and ended in green zone with 42pts (unadjusted).

- Advertisement -

Nonetheless, several scrips including blue chips saw aggressive selling at bourse, such as SNGP, PSO, OGDC, KEL, HUBC etc.

Banking sector, on the contrary, performed well with HBL closing near upper circuit whereas UBL was also seen trading near upper circuit.

Banking sector topped with 12.4M shares, followed by Power (12M). Among scrips, KEL ranked first with 9.6M shares, followed by BOP (5.3M).

Other scrips which generated volumes include SNGP, MLCF, HUBCR, and LOTCHEM. The Index closed at 35,631pts as against 35,605pts showing an increase of 25pts (+0.1% DoD).

Sectors contributing to the performance include Banks (+190pts), Food (+17pts), Cement (-44pts), O&GMCs (-29pts), Power (-28pts), E&P (-21pts), Pharma (-16pts).

- Advertisement -

Volumes declined again from 71.4mn shares to 65.4mn (-8% DoD). Average traded value also declined by 13% to reach US$ 19.4mn as against US$ 22.4mn.

Stocks that contributed significantly to the volumes include KEL, BOP, SNGP, MLCF and HUBCR, which formed 37% of total volumes.

Stocks that contributed positively include HBL (+86pts), UBL (+54pts), MCB (+28pts) NESTLE (+22pts) and NBP (+14pts).

Stocks that contributed negatively include LUCK (-21pts), SEARL (-18pts), HUBC (-15pts), PSO (-13pts) and ENGRO (-12pts).

- Advertisement -
Zain Zubair
Zain Zubair
Zain Zubair is a staff writer for World News Observer. He is studying ACCA in Pakistan. Besides Accountancy and writing pieces, he loves cooking and nature photography. Zain has attended various modern journalism workshops. Contact: [email protected]
- Advertisement -

Latest News

US aircraft carrier enters South China Sea amid tensions over Taiwan

The US military said on Sunday that the aircraft carrier group Theodore Roosevelt has entered the South China Sea...

India administered one million doses of Corona vaccine within 6 days

Today, the Indian Ministry of Health announced the completion of the distribution of one million doses for the emerging coronavirus (Covid-19) vaccine within six...

Who is Joe Biden? – Learn more about the United States 46th President

Who is Joe Biden? The new American president was Barack Obama's deputy for eight years and a senator for 36 years. Famous for his...

Macron welcomes US back to the climate agreement

French President Emmanuel Macron tweeted on his Twitter account, directing the tweet to President Joe Biden and Vice President Kamala Harris to welcome the...

Nancy Pelosi: “We are ready to work under the slogan of a united America”

US House of Representatives Speaker Nancy Pelosi said, "We are ready to work under the slogan of a united America". US President Joe Biden has...

Related News