November 15, 2021 (MLN): Domestic Equities witnessed profit taking on the first day of the week as Pak-IMF talks have not ended yet, thus exerting pressure at the bourse.
Moreover, investors’ interest was low during the session amid expected hike in the upcoming MPS announcement coupled with continuous currency depreciation, a closing note by Pearl Securities cited.
Furthermore, to contain the monetary expansion and moderate domestic demand, the SBP announced an increase in CRR for banks from 5% to 6%. As a result, the market made an intraday high of 45,911 and a low of 45,545 to settle at 45,736 level, down by 13 pts DoD.
On the announcement front, UNITY announced to raise Rs5.4 billion through a right issue of two million shares at a price of Rs27 per share in order to meet the increased working capital requirement. Meanwhile, Flying Cement decided decided to increase the authorized share capital from Rs4 billion to Rs8bn.
Of the 94 traded companies in the KSE100 Index 41 closed up 50 closed down, while 3 remained unchanged. Total volume traded for the index was 57.50 million shares.
Sector wise, the index was let down by Cement with 30 points, Food & Personal Care Products with 25 points, Inv. Banks / Inv. Cos. / Securities Cos. with 18 points, Oil & Gas Marketing Companies with 17 points and Power Generation & Distribution with 11 points.
The most points taken off the index was by LUCK which stripped the index of 25 points followed by TRG with 23 points, MCB with 21 points, UNITY with 19 points and SEARL with 12 points.
Sectors propping up the index were Fertilizer with 56 points, Technology & Communication with 16 points, Oil & Gas Exploration Companies with 15 points, Commercial Banks with 13 points and Paper & Board with 11 points.
The most points added to the index was by SYS which contributed 43 points followed by HBL with 27 points, ENGRO with 22 points, UBL with 20 points and FFC with 19 points.
All Share Volume decreased by 19.62 Million to 172.85 Million Shares. Market Cap decreased by Rs.11.27 Billion.
Total companies traded were 345 compared to 345 from the previous session. Of the scrips traded 125 closed up, 191 closed down while 29 remained unchanged.
Total trades decreased by 15,251 to 73,079.
Value Traded decreased by 2.53 Billion to Rs.5.14 Billion
| Company | Volume |
|---|---|
| Hascol Petroleum | 18,579,124 |
| Ghani Global Holdings | 17,843,000 |
| Worldcall Telecom | 11,222,500 |
| Unity Foods | 8,503,144 |
| Fauji Foods Ltd(R) | 7,569,000 |
| Byco Petroleum Pakistan | 7,236,500 |
| Telecard | 6,937,000 |
| Merit Pack(R) | 5,690,000 |
| K-Electric | 3,959,500 |
| Engro Polymer & Chemicals | 3,944,000 |
| Sector | Volume |
|---|---|
| Technology & Communication | 29,123,766 |
| Chemical | 24,132,380 |
| Food & Personal Care Products | 22,282,244 |
| Oil & Gas Marketing Companies | 20,156,677 |
| Refinery | 8,595,079 |
| Miscellaneous | 7,946,700 |
| Commercial Banks | 7,463,451 |
| Cement | 7,061,715 |
| Paper & Board | 5,870,650 |
| Power Generation & Distribution | 5,217,905 |
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