September 20, 2021 (MLN): The prospects of rate hike by monetary policy committee of State Bank of Pakistan due later knocked the investors’ sentiments on Monday as KSE-100 printed an intraday low of 46,215 points. However, it managed to recover some losses near the close of the session, primarily led by the commercial banks.
The market witnessed selling pressure throughout the day as inflationary pressure and rising Current Account Deficit (CAD) issues kept the investor cautious, as per market closing note by Next Capital.
At the end of trading, the KSE-100 Index recorded a negative close of 107.87 points to settle at 46,528.21-level.
The Index traded in a range of 479.76 points or 1.03 percent of previous close, showing an intraday high of 46,694.50 and a low of 46,214.74.
Of the 95 traded companies in the KSE100 Index 32 closed up 62 closed down, while 1 remained unchanged. Total volume traded for the index was 75.26 million shares.
Sector wise, the index was let down by Oil & Gas Exploration Companies with 33 points, Textile Composite with 26 points, Food & Personal Care Products with 17 points, Fertilizer with 16 points and Refinery with 15 points.
The most points taken off the index was by OGDC which stripped the index of 22 points followed by SYS with 17 points, KOHC with 14 points, ENGRO with 14 points and MEBL with 13 points.
Sectors propping up the index were Miscellaneous with 46 points, Commercial Banks with 16 points, Automobile Assembler with 6 points, Power Generation & Distribution with 3 points and Cement with 2 points.
The most points added to the index was by PSEL which contributed 46 points followed by MCB with 42 points, UBL with 20 points, LUCK with 13 points and SNGP with 11 points.
All Share Volume decreased by 192.57 Million to 194.72 Million Shares. Market Cap decreased by Rs.41.99 Billion.
Total companies traded were 512 compared to 525 from the previous session. Of the scrips traded 135 closed up, 365 closed down while 12 remained unchanged.
Total trades decreased by 37,702 to 88,914.
Value Traded decreased by 8.16 Billion to Rs.8.08 Billion
| Company | Volume |
|---|---|
| Telecard | 19,855,500 |
| Worldcall Telecom | 13,366,500 |
| Byco Petroleum Pakistan | 11,308,000 |
| TRG Pakistan | 9,973,876 |
| TPL Properties | 9,535,500 |
| TPL Corp | 7,817,500 |
| K-Electric | 5,133,500 |
| Ghani Global Holdings | 4,820,500 |
| The Bank of Punjab | 4,381,000 |
| Hum Network | 4,201,500 |
| Sector | Volume |
|---|---|
| Technology & Communication | 59,409,976 |
| Commercial Banks | 17,387,941 |
| Refinery | 15,123,841 |
| Miscellaneous | 14,649,850 |
| Cement | 9,560,934 |
| Power Generation & Distribution | 7,878,417 |
| Oil & Gas Marketing Companies | 7,836,501 |
| Chemical | 6,988,700 |
| Food & Personal Care Products | 6,558,804 |
| Engineering | 6,411,104 |
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