March 14, 2022 (MLN): Domestic equities witnessed bearish spell today as negative sentiments stemmed from consistent political uncertainty prevailing in the country smashed the investors’ confidence.
Furthermore, PKR also joined back its downward course, depreciating by 47 paisa against the US dollar in today's interbank session and closed the trade at Rs178.98- an all-time low.
In addition, higher international commodities prices kept the investor confidence in check.
Investors interest mostly witnessed in Fertilizer sector over increasing urea prices where EFERT, FFC, and FFBL closed on a higher note. Market activity remained dull as it recorded 20-month lowest volume of 114mn shares today, a closing note by Topline Securities said.
Consequently, the benchmark KSE100 index ended the trading session with a 286.44 point or 0.66 percent decline to close at 43,366.89 level.
The Index traded in a range of 442.94 points or 1.01 percent of previous close, showing an intraday high of 43,767.77 and a low of 43,324.83.
Of the 91 traded companies in the KSE100 Index 24 closed up 66 closed down, while 1 remained unchanged. Total volume traded for the index was 43.21 million shares.
Sector wise, the index was let down by Oil & Gas Exploration Companies with 58 points, Commercial Banks with 57 points, Cement with 57 points, Technology & Communication with 52 points and Power Generation & Distribution with 29 points.
The most points taken off the index was by TRG which stripped the index of 40 points followed by PPL with 30 points, UBL with 27 points, OGDC with 23 points and HUBC with 22 points.
Sectors propping up the index were Fertilizer with 83 points, Sugar & Allied Industries with 4 points, Tobacco with 4 points, Leather & Tanneries with 4 points and Cable & Electrical Goods with 1 point.
The most points added to the index was by EFERT which contributed 42 points followed by FFC with 42 points, FFBL with 5 points, SML with 4 points and PAKT with 4 points.
All Share Volume decreased by 34.18 Million to 115.12 Million Shares. Market Cap decreased by Rs.56.28 Billion.
Total companies traded were 334 compared to 332 from the previous session. Of the scrips traded 79 closed up, 242 closed down while 13 remained unchanged.
Total trades decreased by 17,440 to 66,897.
Value Traded decreased by 1.62 Billion to Rs.3.65 Billion
| Company | Volume |
|---|---|
| Flying Cement(R) | 11,632,500 |
| Pak Elektron(R) | 8,140,500 |
| Ghani Global Holdings | 7,022,500 |
| Telecard | 6,309,738 |
| TPL Properties | 6,136,525 |
| Worldcall Telecom | 5,088,500 |
| Engro Fertilizers | 3,806,822 |
| TRG Pakistan | 3,539,951 |
| Unity Foods | 3,188,763 |
| The Bank of Punjab | 3,108,500 |
| Sector | Volume |
|---|---|
| Technology & Communication | 22,567,054 |
| Cement | 16,771,947 |
| Cable & Electrical Goods | 9,875,550 |
| Chemical | 9,757,950 |
| Commercial Banks | 8,199,333 |
| Miscellaneous | 7,091,725 |
| Food & Personal Care Products | 6,991,085 |
| Fertilizer | 5,898,253 |
| Power Generation & Distribution | 5,713,654 |
| Refinery | 3,952,828 |
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