September 14, 2022 (MLN): Market witnessed another range bound session today amid political noise and continuous PKR depreciation against USD.
As a result, benchmark KSE100 index closed on flattish note by gaining 10 points to settle at 42,011 level.
The market opened on a negative note amid global sell-off. However, the index managed to sustain at the level of 42k as interest was seen in the IT sector today.
On the other hand, the rupee continued to depreciate, closing at 234.3/ USD today, signaling a negative impact for both inflation and the country’s economy, a note by Pearl Securities said.
The Index traded in a range of 171.59 points or 0.41 percent of previous close, showing an intraday high of 42,084.94 and a low of 41,913.35.
Of the 95 traded companies in the KSE100 Index 30 closed up 60 closed down, while 5 remained unchanged. Total volume traded for the index was 94.12 million shares.
Sectors propping up the index were Technology & Communication with 71 points, Power Generation & Distribution with 54 points, Oil & Gas Exploration Companies with 24 points, Leather & Tanneries with 10 points and Textile Composite with 8 points.
The most points added to the index was by TRG which contributed 61 points followed by HUBC with 48 points, EFERT with 12 points, OGDC with 12 points and SRVI with 10 points.
Sector wise, the index was let down by Commercial Banks with 96 points, Cement with 24 points, Food & Personal Care Products with 16 points, Automobile Assembler with 13 points and Pharmaceuticals with 6 points.
The most points taken off the index was by UBL which stripped the index of 38 points followed by HBL with 23 points, MEBL with 15 points, ENGRO with 13 points and MTL with 9 points.
All Share Volume increased by 38.07 million to 156.58 million Shares. Market Cap decreased by Rs.9.40 Billion.
Total companies traded were 327 compared to 324 from the previous session. Of the scrips traded 128 closed up, 180 closed down while 19 remained unchanged.
Total trades increased by 17,814 to 82,162.
Value Traded increased by Rs2.68 billion to Rs.6.55 billion
| Company | Volume |
|---|---|
| TRG Pakistan | 16,741,568 |
| K-Electric | 14,840,500 |
| The Hub Power Company | 11,153,190 |
| Cnergyico PK | 10,972,669 |
| Hascol Petroleum | 8,587,500 |
| Worldcall Telecom | 6,994,500 |
| Kot Addu Power Company | 6,192,675 |
| TPL Properties | 5,352,977 |
| Pakistan Refinery | 4,516,670 |
| Ghani Global Holdings | 4,131,925 |
| Sector | Volume |
|---|---|
| Power Generation & Distribution | 33,909,365 |
| Technology & Communication | 33,649,612 |
| Refinery | 16,479,364 |
| Cement | 12,450,344 |
| Oil & Gas Marketing Companies | 11,117,877 |
| Commercial Banks | 8,269,083 |
| Chemical | 7,745,533 |
| Property | 5,854,977 |
| Food & Personal Care Products | 4,961,668 |
| Textile Composite | 2,936,189 |
Copyright Mettis Link News
Posted on:2022-09-14T17:50:38+05:00
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