September 21, 2022 (MLN): In line with international markets, the local bourse remained under pressure today, where the benchmark KSE-100 index oscillated both ways, and finally concluded in the red zone at 40,966 level, down by 255 points or 0.6% DoD.
The choppy behavior of the market was on the back of PKR depreciation against USD which continued to spoil investor sentiments on the local bourse.
Furthermore, investors are eyeing for a hefty interest rate hike in the FED meeting scheduled today.
The Benchmark KSE100 index ended the trading session on Wednesday with a 255.33 point or 0.62 percent decline to close at 40,965.58.
The Index traded in a range of 487.44 points or 1.18 percent of previous close, showing an intraday high of 41,358.97 and a low of 40,871.53.
Of the 91 traded companies in the KSE100 Index 27 closed up 59 closed down, while 5 remained unchanged. Total volume traded for the index was 113.08 million shares.
Sector wise, the index was let down by Oil & Gas Exploration Companies with 92 points, Cement with 36 points, Technology & Communication with 27 points, Commercial Banks with 24 points and Oil & Gas Marketing Companies with 22 points.
The most points taken off the index was by OGDC which stripped the index of 56 points followed by POL with 32 points, LUCK with 27 points, EFERT with 24 points and DAWH with 22 points.
Sectors propping up the index were Automobile Assembler with 3 points, Textile Composite with 3 points, Real Estate Investment Trust with 1 points, Fertilizer with 1 points and Glass & Ceramics with 1 points.
The most points added to the index was by FFC which contributed 23 points followed by HUBC with 9 points, KOHC with 7 points, UNITY with 6 points and FATIMA with 5 points.
All Share Volume increased by 13.84 Million to 170.42 Million Shares. Market Cap decreased by Rs.45.26 Billion.
Total companies traded were 319 compared to 322 from the previous session. Of the scrips traded 100 closed up, 195 closed down while 24 remained unchanged.
Total trades decreased by 7,365 to 82,795.
Value Traded decreased by 0.84 Billion to Rs.4.83 Billion
|Fauji Cement Company||7,140,000|
|Sui Northern Gas Pipelines||4,188,339|
|Power Generation & Distribution||43,655,125|
|Technology & Communication||25,583,708|
|Food & Personal Care Products||11,934,277|
|Oil & Gas Marketing Companies||9,662,242|
|Oil & Gas Exploration Companies||5,243,056|
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