November 8, 2021 (MLN): In line with global markets, the domestic equities concluded today’s trade in red as profit-taking emerged near the end of the session that brought the KSE-100 index down by 180.76 points or 0.38% DoD to close at 47,115-level, backed by the uncertainty over the IMF program along with an increase in electricity prices.
The expectation of a gas price hike coupled with higher international oil prices kept inflationary concerns intact and market gains in check, a market closing note by Topline Securities highlighted.
The Index traded in a range of 423.55 points or 0.90 percent of previous close, showing an intraday high of 47,443.29 and a low of 47,019.74.
Of the 97 traded companies in the KSE100 Index 24 closed up 68 closed down, while 5 remained unchanged. Total volume traded for the index was 102.26 million shares.
Sector wise, the index was let down by Technology & Communication with 45 points, Oil & Gas Exploration Companies with 28 points, Commercial Banks with 26 points, Pharmaceuticals with 20 points and Engineering with 19 points.
The most points taken off the index was by TRG which stripped the index of 28 points followed by PPL with 25 points, ENGRO with 19 points, OGDC with 15 points and AVN with 14 points.
Sectors propping up the index were Fertilizer with 24 points, Insurance with 8 points, Tobacco with 6 points and Refinery with 2 points.
The most points added to the index was by FFC which contributed 31 points followed by LUCK with 24 points, HBL with 20 points, EFERT with 17 points and POL with 10 points.
All Share Volume decreased by 104.97 Million to 364.90 Million Shares. Market Cap decreased by Rs.51.47 Billion.
Total companies traded were 368 compared to 363 from the previous session. Of the scrips traded 125 closed up, 228 closed down while 15 remained unchanged.
Total trades decreased by 31,701 to 136,049.
Value Traded decreased by 3.14 Billion to Rs.12.79 Billion
| Company | Volume |
|---|---|
| Hum Network | 39,570,500 |
| Telecard | 30,086,500 |
| First National Equities | 25,997,000 |
| Ghani Global Holdings | 20,959,000 |
| Worldcall Telecom | 15,205,000 |
| TPL Properties | 13,596,000 |
| Azgard Nine | 12,422,000 |
| Service Fabrics | 12,210,000 |
| Byco Petroleum Pakistan | 11,316,000 |
| Hascol Petroleum | 10,893,325 |
| Sector | Volume |
|---|---|
| Technology & Communication | 112,964,726 |
| Inv. Banks / Inv. Cos. / Securities Cos. | 29,025,960 |
| Chemical | 26,983,720 |
| Refinery | 20,431,348 |
| Miscellaneous | 19,558,600 |
| Food & Personal Care Products | 18,242,965 |
| Cement | 15,444,678 |
| Textile Weaving | 15,306,000 |
| Oil & Gas Marketing Companies | 14,189,617 |
| Textile Composite | 13,730,450 |
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