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PSX Closing Bell: Fire & Rain

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December 27, 2021 (MLN): Domestic equities witnessed lackluster session on the first day of the week amid concerns over higher inflation and upcoming mini-budget that played on investors’ minds. As a result, the benchmark KSE-100 Index recorded a negative close of 205 points to settle at 43,913 level.

The market showed signs of nervousness throughout the day and investors adopted a wait-and-see approach ahead of tomorrow’s parliament session where “Finance Act” and “SBP Autonomy” bills to be introduced for the approval, Topline Securities, in its market closing note said.

The Index traded in a range of 325.95 points or 0.74 percent of previous close, showing an intraday high of 44,171.96 and a low of 43,846.01.

Of the 94 traded companies in the KSE100 Index 40 closed up 52 closed down, while 2 remained unchanged. Total volume traded for the index was 53.46 million shares.

Sector wise, the index was let down by Oil & Gas Exploration Companies with 63 points, Technology & Communication with 55 points, Power Generation & Distribution with 34 points, Commercial Banks with 33 points and Food & Personal Care Products with 30 points.

The most points taken off the index was by TRG which stripped the index of 61 points followed by MARI with 36 points, HUBC with 30 points, PPL with 17 points and NESTLE with 15 points.

Sectors propping up the index were Chemical with 17 points, Cement with 14 points, Inv. Banks / Inv. Cos. / Securities Cos. with 6 points, Automobile Assembler with 3 points and Refinery with 3 points.

The most points added to the index was by COLG which contributed 25 points followed by KOHC with 17 points, DAWH with 12 points, SYS with 9 points and MCB with 6 points.

All Share Volume decreased by 108.71 Million to 114.67 Million Shares. Market Cap decreased by Rs.25.61 Billion.

Total companies traded were 342 compared to 353 from the previous session. Of the scrips traded 116 closed up, 196 closed down while 30 remained unchanged.

Total trades decreased by 37,988 to 61,134.

Value Traded decreased by 2.92 Billion to Rs.4.42 Billion

Company Volume

Top Ten by Volume

Cnergyico PK 10,878,500
TRG Pakistan 9,508,272
Unity Foods Ltd(R) 9,259,467
Unity Foods 5,377,181
Telecard 4,034,000
Hum Network 3,909,500
Worldcall Telecom 3,504,000
Ghani Global Holdings 2,583,500
Next Capital 2,401,500
G3 Technologies 2,302,000

 

Sector Volume

Top Sector by Volume

Technology & Communication 23,191,360
Food & Personal Care Products 18,319,918
Refinery 13,132,907
Commercial Banks 7,845,950
Chemical 6,951,370
Power Generation & Distribution 5,138,544
Cement 4,953,205
Inv. Banks / Inv. Cos. / Securities Cos. 4,335,677
Textile Spinning 3,949,600
Engineering 2,835,521

 

 

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Posted on: 2021-12-27T17:31:47+05:00

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