September 21, 2021 (MLN): The local bourse opened on a positive note today as investors welcomed the decision of the Monetary Policy Committee by SBP, raising 25bps to 7.25% after keeping it unchanged for over 18 months.
However, in the later hours, the market succumbed to panic selling after the news of Tabish Guahar’s resignation as SAPM on power and petroleum.
Moreover, investors also took to the sidelines as they monitored a sell-off in international financial markets coupled with rising commodity prices, as per the market closing note by Topline Securities.
Resultantly, the benchmark KSE100 index ended the trading session with a loss of 519.36 points to close at 46,008.85.
The Index traded in a range of 1057.59 points or 2.27 percent of the previous close, showing an intraday high of 46,833.50 and a low of 45,775.91.
Of the 97 traded companies in the KSE100 Index 15 closed up 79 closed down, while 3 remained unchanged. Total volume traded for the index was 132.43 million shares.
Sector wise, the index was let down by Cement with 101 points, Technology & Communication with 81 points, Commercial Banks with 45 points, Fertilizer with 39 points and Oil & Gas Exploration Companies with 34 points.
The most points taken off the index was by SYS which stripped the index of 53 points followed by MEBL with 37 points, HBL with 34 points, LUCK with 32 points and TRG with 23 points.
Sectors propping up the index were Insurance with 3 points.
The most points added to the index was by HMB which contributed 18 points followed by MCB with 18 points, BAFL with 14 points, ANL with 14 points and COLG with 7 points.
All Share Volume increased by 131.16 Million to 325.88 Million Shares. Market Cap decreased by Rs.96.17 Billion.
Total companies traded were 519 compared to 512 from the previous session. Of the scrips traded 103 closed up, 398 closed down while 18 remained unchanged.
Total trades increased by 25,950 to 114,864.
Value Traded increased by 4.24 Billion to Rs.12.32 Billion
| Company | Volume |
|---|---|
| Telecard | 28,116,500 |
| Worldcall Telecom | 26,432,000 |
| TPL Corp | 21,438,000 |
| Byco Petroleum Pakistan | 18,201,500 |
| TRG Pakistan | 11,959,127 |
| Bank Alfalah | 11,734,929 |
| Azgard Nine | 10,855,500 |
| The Bank of Punjab | 9,714,500 |
| Ghani Global Holdings | 9,442,500 |
| K-Electric | 8,263,000 |
| Sector | Volume |
|---|---|
| Technology & Communication | 102,115,927 |
| Commercial Banks | 40,952,395 |
| Refinery | 25,016,281 |
| Cement | 19,964,930 |
| Food & Personal Care Products | 15,500,525 |
| Textile Composite | 14,873,850 |
| Miscellaneous | 13,419,000 |
| Power Generation & Distribution | 13,094,966 |
| Chemical | 12,725,040 |
| Inv. Banks / Inv. Cos. / Securities Cos. | 8,652,721 |
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