March 11, 2022 (MLN): The capital markets witnessed a range-bound session on Friday due to political uncertainty and volatility in the prices of commodities.
In the first trading session of the day, the KSE-100 Index swung between the green and red zone.
However, in the second session of the day, selling pressure was observed as investors preferred to reduce their exposure in the market before the weekend given political unrest uncertainty, and overheated commodities cycle in a backdrop of the Russia-Ukraine conflict, Topline Securities said in a closing note.
Resultantly, the index ended the day’s trade at 43,653.33 after losing a 200.29 points or 0.46 percent decline.
The Index traded in a range of 369.77 points or 0.84 percent of previous close, showing an intraday high of 43,966.28 and a low of 43,596.51.
Of the 91 traded companies in the KSE100 Index 32 closed up 57 closed down, while 2 remained unchanged. Total volume traded for the index was 61.85 million shares.
Sector wise, the index was let down by Commercial Banks with 43 points, Oil & Gas Exploration Companies with 42 points, Cement with 40 points, Power Generation & Distribution with 30 points and Oil & Gas Marketing Companies with 20 points.
The most points taken off the index was by MEBL which stripped the index of 47 points followed by LUCK with 42 points, HUBC with 29 points, PPL with 20 points and TRG with 20 points.
Sectors propping up the index were Technology & Communication with 47 points, Automobile Assembler with 12 points, Automobile Parts & Accessories with 2 points and Miscellaneous with 1 points.
The most points added to the index was by SYS which contributed 77 points followed by UBL with 10 points, MCB with 8 points, INDU with 7 points and MTL with 7 points.
All Share Volume decreased by 122.61 Million to 149.30 Million Shares. Market Cap decreased by Rs.36.45 Billion.
Total companies traded were 332 compared to 356 from the previous session. Of the scrips traded 110 closed up, 205 closed down while 17 remained unchanged.
Total trades decreased by 23,621 to 84,337.
Value Traded decreased by 2.23 Billion to Rs.5.27 Billion
| Company | Volume |
|---|---|
| TPL Properties | 12,272,167 |
| Pak Elektron(R) | 11,907,500 |
| TPL Corp | 9,395,500 |
| Unity Foods | 9,041,397 |
| Flying Cement(R) | 7,843,500 |
| Worldcall Telecom | 6,027,500 |
| Maple Leaf Cement Factory | 5,984,252 |
| Telecard | 5,133,877 |
| Ghani Global Holdings | 4,585,000 |
| D.G. Khan Cement Company | 3,742,581 |
| Sector | Volume |
|---|---|
| Technology & Communication | 29,910,166 |
| Cement | 26,488,898 |
| Cable & Electrical Goods | 14,671,100 |
| Miscellaneous | 13,363,467 |
| Food & Personal Care Products | 13,107,457 |
| Chemical | 8,076,950 |
| Power Generation & Distribution | 6,278,110 |
| Engineering | 5,000,418 |
| Commercial Banks | 4,820,917 |
| Refinery | 4,510,853 |
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