April 20, 2022 (MLN): The capital market witnessed notable selling pressure amid a lack of positive triggers and rising commodity prices in the international market.
Foreign direct disinvestment of $30.4 million in March 2022 has created havoc across the trading floor. In addition, the sharp depreciation of PKR against the US dollar in the interbank market has also dented investors’ sentiments.
Market participants also remained cautious over the ongoing discussion of government with IMF.
Resultantly, the KSE-100 index plunged by 390.20 points to settle at 45,943.16.
The Index traded in a range of 697.79 points or 1.51 percent of the previous close, showing an intraday high of 46,586.06 and a low of 45,888.27.
Of the 92 traded companies in the KSE100 Index 26 closed up 63 closed down, while 3 remained unchanged. The total volume traded for the index was 111.65 million shares.
Sector-wise, the index was let down by Commercial Banks with 98 points, Cement with 88 points, Oil & Gas Exploration Companies with 67 points, Fertilizer with 46 points and Power Generation & Distribution with 21 points.
The most points taken off the index was by HBL which stripped the index of 71 points followed by PPL with 29 points, MLCF with 28 points, MEBL with 27 points and OGDC with 26 points.
Sectors propping up the index were Chemical with 25 points, Insurance with 10 points, Refinery with 9 points, Miscellaneous with 3 points and Glass & Ceramics with 2 points.
The most points added to the index were by UBL which contributed 23 points followed by TRG with 18 points, LOTCHEM with 12 points, EFUG with 10 points and EPCL with 10 points.
All Share Volume increased by 6.38 Million to 235.00 Million Shares. Market Cap decreased by Rs.62.20 Billion.
Total companies traded were 326 compared to 345 from the previous session. Of the scrips traded 87 closed up, 218 closed down while 21 remained unchanged.
Total trades increased by 3,438 to 103,864.
Value Traded decreased by 0.83 Billion to Rs.8.01 Billion
| Company | Volume |
|---|---|
| Cnergyico PK | 23,759,268 |
| TPL Properties | 15,740,237 |
| Ghani Global Holdings | 14,761,000 |
| Maple Leaf Cement Factory | 12,459,961 |
| Telecard | 10,584,500 |
| Lotte Chemical Pakistan | 9,556,500 |
| TRG Pakistan | 9,233,758 |
| Worldcall Telecom | 9,207,500 |
| JS Bank | 7,703,000 |
| Hum Network | 7,204,500 |
| Sector | Volume |
|---|---|
| Technology & Communication | 44,047,113 |
| Chemical | 36,122,811 |
| Refinery | 32,946,954 |
| Cement | 23,667,727 |
| Commercial Banks | 20,691,415 |
| Miscellaneous | 16,700,437 |
| Food & Personal Care Products | 12,788,158 |
| Power Generation & Distribution | 8,196,057 |
| Insurance | 7,293,500 |
| Fertilizer | 5,317,169 |
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