Fakiha Tariq

Technology and communication became the most active sectors in the first quarter (January-March) of 2023, with the highest average trade volume (ATV) of 661 million shares sold and purchased on the Pakistan Stock Exchange, according to WealthPK. Three most prominent tech-symbols were Worldcall Telecom Limited (WTL), Telecard Limited (TELE) and TRG Pakistan Limited (TRG) with ATVs of 320 million, 224 million and 115 million, respectively. In the oil and gas sector, marketing and exploration firms were the second and third active sectors with ATVs of 367 million and 344 million of transactions.

The leading oil and gas marketing companies were Hascol Petroleum Limited (HASCOL) with 147m transactions, Sui Northern Gas Pipelines Limited (SNGPL) (126m), Sui Southern Gas Company Limited (SSGC) (92m), while Pakistan Petroleum Limited (PPL) with 200m transactions and Oil & Gas Development Company Limited (OGDC) with 144m transactions represented the oil and gas exploration sector on the top charts.

Led by Pakistan Refinery Limited (PRL) (173m) and Cnergyico PK Limited (CNERGY) (133m), the refinery sector remained the fourth most active sector with an ATV of 307m on PSX during the first quarter of CY23. Next, with an ATV of 258m transactions, the power generation and distribution sector was the fifth-most active sector, whereas K-Electric Limited (KEL) (137m) and the Hub Power Company Limited (HUBC) (121m) were the two most active stocks from the power sector in 1QCY23.

Maple Leaf Cement Factory Limited (MLCF) (138m) and Fauji Cement Company Limited (FCCL) (86m) were the sixth most active sector with an ATV of 225m transactions during the first quarter of CY23. The newly-developed property sector with an ATV of 106m and the food and personal care product sector with an ATV of 93m ranked seventh and eighth most active sectors on PSX. The most prominent property symbol was TPL Properties Limited (TPLP) (106m), whereas Fauji Foods Limited (FFL) (93m) represented the personal goods sector.

The chemical sector was represented on the top charts by Ghani Global Holdings Limited (GGL). With an ATV of 85m transactions (only GGL), it was the ninth most active sector on PSX in 1QCY23.

Source: Pakistan Stock Exchange (Monthly Reports)

Credit : Independent News Pakistan-WealthPk