March 21, 2023 (MLN): The local equities observed a lackluster trading session on Tuesday due to political uncertainty and delay in reaching an agreement on the IMF's ninth review.
Investors' sentiments have been dampened as the IMF has demanded assurances of debt inflows from friendly countries. Meanwhile, IMF's latest statement stating that the government did not consult them about a reported fuel subsidy has caused stakeholders to be pessimistic about the future of the IMF program.
As a result, the benchmark KSE-100 index lost 40.47 points to end the trading session at 40,877.98.
The Index traded in a range of 291.82 points or 0.71 percent of the previous close, showing an intraday high of 40,990.25 and a low of 40,698.43.
Of the 92 traded companies in the KSE100 Index 39 closed up 50 closed down while 3 remained unchanged. The total volume traded for the index was 63.39 million shares.
Sector-wise, the index was let down by Miscellaneous with 55 points, Commercial Banks with 27 points, Cement with 19 points, Tobacco with 18 points and Paper & Board with 16 points.
The most points taken off the index were by PSEL which stripped the index of 55 points followed by PAKT with 18 points, PKGS with 17 points, MEBL with 14 points and EFERT with 12 points.
Sectors propping up the index were Oil & Gas Exploration Companies with 77 points, Oil & Gas Marketing Companies with 12 points, Technology & Communication with 11 points, Food & Personal Care Products with 6 points and Refinery with 5 points.
The most points added to the index were by PPL which contributed 31 points followed by OGDC with 22 points, POL with 14 points, TRG with 13 points and MARI with 10 points.
All Share Volume decreased by 52.67mn to 142.80mn shares. Market Cap decreased by Rs10.95 billion.
The total companies traded were 309 compared to 310 from the previous session. Of the scrips traded 134 closed up, 153 closed down and 22 remained unchanged.
Total trades decreased by 6,054 to 81,676.
Value Traded decreased by 0.83bn to Rs4.18bn
| Company | Volume |
|---|---|
| Worldcall Telecom | 6,046,419 |
| Cnergyico PK | 4,848,036 |
| Unity Foods | 4,691,640 |
| Pak Elektron | 4,522,500 |
| Hascol Petroleum | 4,470,500 |
| Fauji Cement Company | 4,452,500 |
| TPL Properties | 4,391,678 |
| Ghani Global Holdings | 4,311,148 |
| Fauji Foods | 4,273,685 |
| Loads | 4,188,000 |
| Sector | Volume |
|---|---|
| Technology & Communication | 18,479,016 |
| Food & Personal Care Products | 13,184,749 |
| Oil & Gas Marketing Companies | 12,889,791 |
| Chemical | 10,768,459 |
| Cement | 10,433,672 |
| Commercial Banks | 9,389,515 |
| Oil & Gas Exploration Companies | 7,754,306 |
| Refinery | 7,444,221 |
| Cable & Electrical Goods | 6,920,400 |
| Property | 5,025,178 |
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Posted on: 2023-03-21T17:49:38+05:00
