December 9, 2021 (MLN): The domestic equities remained under the cosh for the second day, as the benchmark KSE-100 index concluded the session on a negative note by losing another 328 points today and closed at 43,518 points. This was 0.75% lower compared to the previous closing.
The market initially opened on a positive note, but succumbed to selling pressure as the first case of Omicron variant was reported in Pakistan.
Furthermore, advisor to PM Shaukat Tarin’s warning to commercial banks to not manipulate treasury auctions in a bid to lend to the government at higher rates, and continued freefall of PKR against USD have adversely impacted investors sentiments for today.
The Index traded in a range of 723.97 points or 1.65 percent of previous close, showing an intraday high of 43,997.73 and a low of 43,273.76.
Of the 94 traded companies in the KSE100 Index 17 closed up 73 closed down, while 4 remained unchanged. Total volume traded for the index was 97.40 million shares.
Sector wise, the index was let down by Cement with 125 points, Commercial Banks with 119 points, Pharmaceuticals with 28 points, Textile Composite with 25 points and Power Generation & Distribution with 18 points.
The most points taken off the index was by LUCK which stripped the index of 53 points followed by HBL with 33 points, MEBL with 24 points, DGKC with 19 points and CHCC with 15 points.
Sectors propping up the index were Oil & Gas Exploration Companies with 75 points, Tobacco with 6 points, Chemical with 6 points, Fertilizer with 3 points and Insurance with 2 points.
The most points added to the index was by PPL which contributed 53 points followed by OGDC with 22 points, TRG with 15 points, FFC with 15 points and EPCL with 13 points.
All Share Volume decreased by 32.68 Million to 200.49 Million Shares. Market Cap decreased by Rs.44.90 Billion.
Total companies traded were 332 compared to 350 from the previous session. Of the scrips traded 72 closed up, 237 closed down while 23 remained unchanged.
Total trades increased by 3,947 to 105,609.
Value Traded increased by 1.75 Billion to Rs.8.75 Billion
| Company | Volume |
|---|---|
| TRG Pakistan | 25,728,986 |
| Telecard | 13,277,000 |
| Hascol Petroleum | 12,535,118 |
| Pakistan Petroleum | 9,674,939 |
| Worldcall Telecom | 9,546,000 |
| Byco Petroleum Pakistan | 8,424,000 |
| Oil & Gas Development Company | 7,789,954 |
| G3 Technologies | 6,718,000 |
| Azgard Nine | 6,298,500 |
| Unity Foods | 6,279,792 |
| Sector | Volume |
|---|---|
| Technology & Communication | 58,327,434 |
| Food & Personal Care Products | 18,852,552 |
| Oil & Gas Exploration Companies | 17,523,707 |
| Oil & Gas Marketing Companies | 15,801,222 |
| Cement | 12,687,765 |
| Refinery | 11,136,982 |
| Commercial Banks | 10,921,839 |
| Chemical | 7,162,040 |
| Textile Weaving | 7,088,500 |
| Textile Composite | 6,902,150 |
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