Apr 21, 2022 (MLN): The Benchmark KSE100 index ended the trading session on Thursday with a 290 points or 0.63 percent decline to close at 45,652 level.
During the day, equities witnessed selling pressure due to rising T–bill yields and ongoing economic challenges, a note by Ismail Iqbal Securities said.
In yesterday’s T–bill auction, the Government raised Rs568bn against the target of Rs600bn. Against the last auction, the 3M, 6M and 12M cutoff yields increased by 70bps, 60bps and 55bps to respectively record at at 13.5%, 13.84% and 13.84%.
The newly appointed Finance minister, Miftah Ismail has revealed that to revive the External fund facility, the IMF have demanded removal of energy subsidies, increased power tariff, PKR 100bn cut in development expenditure and additional taxation measures.
The Index traded in a range of 468.00 points or 1.02 percent of previous close, showing an intraday high of 46,066.45 and a low of 45,598.45.
Of the 90 traded companies in the KSE100 Index 22 closed up 65 closed down, while 3 remained unchanged. Total volume traded for the index was 98.25 million shares.
Sector wise, the index was let down by Commercial Banks with 62 points, Oil & Gas Exploration Companies with 37 points, Fertilizer with 35 points, Cement with 35 points and Technology & Communication with 32 points.
The most points taken off the index was by ENGRO which stripped the index of 64 points followed by BAHL with 34 points, SYS with 21 points, MARI with 20 points and POL with 16 points.
Sectors propping up the index were Refinery with 10 points, Glass & Ceramics with 6 points and Inv. Banks / Inv. Cos. / Securities Cos. with 2 points.
The most points added to the index was by EFERT which contributed 25 points followed by LOTCHEM with 8 points, CNERGY with 8 points, COLG with 6 points and AKBL with 6 points.
All Share Volume decreased by 48.57 Million to 186.43 Million Shares. Market Cap decreased by Rs.42.88 Billion.
Total companies traded were 311 compared to 326 from the previous session. Of the scrips traded 92 closed up, 198 closed down while 21 remained unchanged.
Total trades decreased by 23,848 to 80,016.
Value Traded decreased by 2.39 Billion to Rs.5.62 Billion
| Company | Volume |
|---|---|
| Lotte Chemical Pakistan | 19,980,500 |
| Cnergyico PK | 19,858,684 |
| Pakistan Refinery | 12,900,500 |
| Hum Network | 8,285,000 |
| Ghani Global Holdings | 7,884,500 |
| Worldcall Telecom | 7,796,000 |
| K-Electric | 6,633,000 |
| Maple Leaf Cement Factory | 5,732,589 |
| Telecard | 5,727,000 |
| Agritech | 5,148,500 |
| Sector | Volume |
|---|---|
| Chemical | 39,194,588 |
| Refinery | 36,218,178 |
| Technology & Communication | 27,839,952 |
| Cement | 12,315,335 |
| Commercial Banks | 8,808,698 |
| Power Generation & Distribution | 7,937,329 |
| Fertilizer | 7,803,603 |
| Food & Personal Care Products | 7,453,739 |
| Engineering | 7,363,430 |
| Miscellaneous | 5,764,238 |
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