Wednesday, August 17, 2022
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Closing Bell – Index Down 0.57 Percent

After losing a total of 2,668 points last week’s to close below the 47,000 mark for the first time in over two months the market started the new week on a negative tone again.

The markets are wary of the upcoming verdict of the Joint Investigation Team expected in a few weeks. The market has been declining ever since Pakistan’s MSCI Inclusion owing to the rising political noise in the country.

The situation has been exacerbated by the declining oil prices, which continue to send market into a laggard mode.

The session witnessed a cumulative decline of 265.22 points or a 0.57 percent.

The index touched an intra-day high of 47,083.26 and a low of 46,312.95 points, and closed at a tally of 46,593.34 points.

The net gainers during today’s session were; Jubilee Life Insurance Corporation Limited JLICL +2.84%, Otsuka Pakistan Limited OTSU +5.00%, Pakistan Oilfields Limited POL +2.40%, Sazgar Engineering Works Limited SAZEW +5.00% and Attock Cement Pakistan Limited ACPL +3.15%.

The net decliners during the session were; Bata Pakistan Limited BATA -4.29%, Wyeth Pakistan Limited WYETH -5.00%, Indus Motor Company Limited INDU -4.72%, Hinopak Motors Limited HINO -5.00% and Service Industries Pakistan Limited SRVI -4.76%.

All Share Volume increased by 40.39 Million to 170.26 Million Shares. Market Cap increased by Rs.129.42 Billion.

Total companies traded were 360 compared to 319 from the previous session. Of the scrips traded 110 closed up, 216 closed down while 34 remained unchanged.

Total trades increased by 10,041 to 48,539.

Value Traded increased by 1.67 Billion to Rs.9.14 Billion

Company Volume

Top Ten by Volume

Worldcall Telecom 15,416,500
K-Electric 10,806,500
TRG Pakistan 10,705,000
Bank Of Punjab(R) 9,847,500
Avanceon 7,184,500
Engro Polymer & Chemicals 4,737,500
Aisha Steel Mills 4,603,500
Dost Steels 4,439,500
Summit Bank Pref Class “B” 4,208,500
The Bank of Punjab 4,109,500
Sector Volume

Top Sector by Volume

Commercial Banks 36,132,300
Technology & Communication 35,746,500
Power Generation & Distribution 15,017,600
Engineering 12,603,300
Cement 11,418,100
Chemical 7,788,450
Fertilizer 6,750,800
Textile Composite 6,034,600
Glass & Ceramics 5,434,800
Oil & Gas Marketing Companies 4,559,550

 

Posted on: 2017-06-19T17:18:00+05:00
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