November 22, 2021 (MLN): The Pakistan Stock Exchange (PSX) endured a bloodbath on the first trading session of the week on the back of deteriorating macros and ongoing rollover week.
The market witnessed massive profit-taking throughout the trading session due to the surprise hike of 150bps by the State Bank of Pakistan that led the benchmark KSE-100 index to close at 45,745.00, down by 744.41 points or 1.60 percent.
The Index traded in a range of 885.72 points or 1.91 percent of the previous close, showing an intraday high of 46,602.59 and a low of 45,716.87.
Of the 95 traded companies in the KSE100 Index, 14 closed up 80 closed down, while 1 remained unchanged. The total volume traded for the index was 126.43 million shares.
Sector-wise, the index was let down by Cement with 184 points, Technology & Communication with 153 points, Oil & Gas Exploration Companies with 90 points, Fertilizers with 70 points and Textile Composite with 38 points.
The most points taken off the index was by LUCK which stripped the index of 96 points followed by TRG with 87 points, SYS with 56 points, ENGRO with 39 points and MCB with 38 points.
Sectors propping up the index were Sugar & Allied Industries with 1 point and Close-End Mutual Fund with 1 point.
The most points added to the index were by MEBL which contributed 37 points followed by BAHL with 14 points, UBL with 12 points, BAFL with 4 points and ATLH with 2 points.
All Share Volume decreased by 42.31 Million to 261.90 Million Shares. Market Cap decreased by Rs.104.90 Billion.
Total companies traded were 344 compared to 356 from the previous session. Of the scrips traded 70 closed up, 263 closed down while 11 remained unchanged.
Total trades decreased by 1,626 to 109,279.
Value Traded decreased by 1.06 Billion to Rs.10.94 billion
Top Ten by Volume
Byco Petroleum Pakistan
First National Equities
Ghani Global Holdings
Top Sector by Volume
Technology & Communication
Food & Personal Care Products
Inv. Banks / Inv. Cos. / Securities Cos.
Oil & Gas Marketing Companies
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