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PSX Closing Bell: Free fallin’

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

Company

Volume

TRG Pakistan

22,372,983

Byco Petroleum Pakistan

21,603,000

TPL Properties

15,812,000

Treet Corporation

13,536,000

G3 Technologies

11,735,000

Worldcall Telecom

10,096,000

Telecard

9,907,000

Pakistan Refinery

7,815,500

First National Equities

7,220,500

Ghani Global Holdings

6,358,000

 

Top Sector by Volume

Sector

Volume

Technology & Communication

54,445,424

Commercial Banks

33,532,639

Refinery

30,439,876

Food & Personal Care Products

27,633,758

Miscellaneous

17,677,600

Textile Weaving

12,028,000

Chemical

11,001,570

Cement

10,338,132

Inv. Banks / Inv. Cos. / Securities Cos.

9,041,981

Oil & Gas Marketing Companies

7,200,820

 

Copyright Mettis Link News

Posted on: 2021-11-22T17:41:28+05:00

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