After Thursday’s slide of ~500pts, the 100 index traded did slip another 209pts during the day but closed positive 5pts (unadjusted). Interloop Limited (ILP) debuted at PSX with 14.3M traded volume and closed slightly below its opening / subscription price of 46.10.
ILP also topped the volumes table, followed by UNITY right shares which registered a volume of 13.7M shares. Investors didn’t take much interest in blue chips, which is evident from the fact that none of the blue chips find place in top 10 volumes chart.
Altogether, mainstream sectors like Cement and Banks ranked 4th & 5th in terms of traded volume. FM’s clarification regarding rupee dollar parity failed to entice investors and overall investor sentiment remained low.
The Index closed at 37,521pts against 37,516pts showing an increase of 5pts. Sectors contributing to the performance include Banks (-26pts), Pharma (-7pts), Chemical (-7pts), E&P (+10pts), Engineering (+9pts).
Analysts at Arif Habib Limited said that the volumes declined further from 127.9mn shares to 101.7mn shares (-21% DoD). Average traded value on the contrary increased from US$ 23.9mn to US$ 26.6mn (+11% DoD).
Stocks that contributed significantly to the volumes include ILP, UNITYR1, KEL, WTL, and PAEL, which formed 46% of total volumes.
Stocks that contributed positively include NESTLE (+11pts), MARI (+9pts), PAKT (+9pts), EFERT (+8pts), and KEL (+8pts).
Stocks that contributed negatively include MCB (-17pts), KAPCO (-10pts), HBL (-8pts), FABL (-6pts) and FFC (-6pts).