September 27, 2021 (MLN): Bears once again dominated Pakistan Stock Exchange on Monday, with the benchmark KSE-100 index shedding 255 points during the session to close at 44,817 points.
The market opened with a slightly positive note and remained volatile throughout the trading session.
Higher international commodity prices coupled with an outstanding futures position of Rs12.48bn marked as delivery resulted in aggressive selling pressure from the participants, a closing note by Topline Securities cited.
However, a sharp recovery was witnessed in the last half hour where the index almost wiped off its daily decline to settle at 44,817 level, it added.
On the announcement front, TOMCL informed the exchange that it has secured a high-value contract for a supply of 250 MT frozen boneless deglanded meat worth $1million to Global Developing Food Industries Company, Saudi Arabia.
The Index traded in a range of 899.81 points or 2.00 percent of previous close, showing an intraday high of 45,236.32 and a low of 44,336.51.
Of the 95 traded companies in the KSE100 Index 33 closed up 59 closed down, while 3 remained unchanged. Total volume traded for the index was 162.70 million shares.
Sector wise, the index was let down by Commercial Banks with 100 points, Refinery with 34 points, Paper & Board with 25 points, Inv. Banks / Inv. Cos. / Securities Cos. with 23 points and Pharmaceuticals with 20 points.
The most points taken off the index was by TRG which stripped the index of 51 points followed by HBL with 51 points, MEBL with 29 points, UBL with 18 points and PSO with 16 points.
Sectors propping up the index were Fertilizer with 19 points, Chemical with 11 points, Cable & Electrical Goods with 5 points, Oil & Gas Exploration Companies with 2 points and Textile Spinning with 2 points.
The most points added to the index was by SYS which contributed 49 points followed by FFC with 18 points, MTL with 8 points, KTML with 7 points and EPCL with 7 points.
All Share Volume decreased by 68.14 Million to 301.39 Million Shares. Market Cap decreased by Rs.58.45 Billion.
Total companies traded were 547 compared to 510 from the previous session. Of the scrips traded 143 closed up, 382 closed down while 22 remained unchanged.
Total trades decreased by 20,388 to 101,455.
Value Traded decreased by 0.60 Billion to Rs.11.18 Billion
| Company | Volume |
|---|---|
| Unity Foods | 34,951,304 |
| Worldcall Telecom | 32,646,000 |
| Byco Petroleum Pakistan | 32,168,500 |
| Hum Network | 10,104,000 |
| Bank Alfalah | 9,651,571 |
| Treet Corporation | 9,202,000 |
| TRG Pakistan | 8,552,207 |
| Azgard Nine | 6,547,500 |
| TPL Corp | 6,538,500 |
| Pakistan Refinery | 5,643,500 |
| Sector | Volume |
|---|---|
| Technology & Communication | 68,189,907 |
| Food & Personal Care Products | 52,322,644 |
| Refinery | 39,614,997 |
| Commercial Banks | 32,525,315 |
| Cement | 15,772,192 |
| Chemical | 9,932,670 |
| Textile Composite | 9,831,300 |
| Power Generation & Distribution | 9,388,709 |
| Oil & Gas Marketing Companies | 7,769,551 |
| Cable & Electrical Goods | 6,722,900 |
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