November 18, 2021 (MLN): Domestic equities remained range bound on Thursday ahead of Monetary Policy announcement tomorrow and lack of triggers.
However, late recovery was seen in banking stocks as the joint session of Parliament has approved a bill that will pave the way for increasing the central bank’s autonomy, thus, bringing it a step closer to reviving the delayed IMF loan, a closing note by Pearl Securities cited.
On the other side, FDI continued to post negative growth reaching $662mn in 4MFY2, down by 12% YoY
As a result, the market made an intraday high of 46,292 points and a low of 45,728 to settle at 46,110 level, down by 84 points or 0.18% DoD.
The Index traded in a range of 564.54 points or 1.22 percent of previous close.
Of the 95 traded companies in the KSE100 Index 42 closed up 49 closed down, while 4 remained unchanged. Total volume traded for the index was 86.44 million shares.
Sector wise, the index was let down by Technology & Communication with 120 points, Fertilizer with 39 points, Chemical with 21 points, Oil & Gas Exploration Companies with 13 points and Inv. Banks / Inv. Cos. / Securities Cos. with 10 points.
The most points taken off the index was by TRG which stripped the index of 102 points followed by ENGRO with 21 points, EFERT with 17 points, COLG with 17 points and HBL with 16 points.
Sectors propping up the index were Cement with 72 points, Commercial Banks with 45 points, Refinery with 8 points, Power Generation & Distribution with 6 points and Paper & Board with 6 points.
The most points added to the index was by LUCK which contributed 46 points followed by MEBL with 38 points, MCB with 14 points, UBL with 11 points and HMB with 11 points.
All Share Volume increased by 25.06 Million to 263.55 Million Shares. Market Cap increased by Rs.1.48 Billion.
Total companies traded were 340 compared to 343 from the previous session. Of the scrips traded 150 closed up, 166 closed down while 24 remained unchanged.
Total trades decreased by 1,790 to 97,649.
Value Traded decreased by 1.65 Billion to Rs.8.47 Billion
| Company | Volume |
|---|---|
| Merit Pack(R) | 42,181,500 |
| Ghani Global Holdings | 29,064,000 |
| Service Fabrics | 17,734,000 |
| TPL Properties | 12,348,000 |
| Fauji Cement Company | 10,452,500 |
| Byco Petroleum Pakistan | 8,911,500 |
| Telecard | 8,320,500 |
| TPL Corp | 8,132,000 |
| Fatima Fertilizer Company | 8,025,500 |
| Worldcall Telecom | 6,712,000 |
| Sector | Volume |
|---|---|
| Paper & Board | 42,743,500 |
| Technology & Communication | 31,786,723 |
| Chemical | 31,700,720 |
| Cement | 18,228,313 |
| Textile Weaving | 17,969,500 |
| Food & Personal Care Products | 16,163,778 |
| Fertilizer | 14,492,522 |
| Commercial Banks | 14,261,905 |
| Miscellaneous | 14,123,800 |
| Refinery | 12,127,308 |
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