January 6, 2022 (MLN): The domestic market snapped a seven-day winning streak on Thursday mirroring losses in global markets due to selling pressure fueled by bets that the Fed will embark on an aggressive campaign against persistent inflation by rising U.S. interest rates.
Moreover, the trade deficit widened by 106.4% during 1HFY22 to clock in at $25.478 billion compared to $12.344bn during the same period last year, also dampened the investors’ confidence.
Resultantly, the benchmark KSE-100 index ended the trading session on Thursday with a 325.59 point or 0.72 percent decline to close at 45,082.30.
The index remained negative throughout the session touching an intraday low of 45,019.24
Of the 95 traded companies in the KSE100 Index 20 closed up 74 closed down, while 1 remained unchanged. Total volume traded for the index was 133.04 million shares.
Sector wise, the index was let down by Technology & Communication with 116 points, Cement with 78 points, Oil & Gas Marketing Companies with 27 points, Food & Personal Care Products with 23 points and Commercial Banks with 22 points.
The most points taken off the index was by TRG which stripped the index of 104 points followed by PSO with 22 points, HBL with 16 points, LUCK with 15 points and OGDC with 15 points.
Sectors propping up the index were Power Generation & Distribution with 54 points, Inv. Banks / Inv. Cos. / Securities Cos. with 8 points, Fertilizer with 8 points, Textile Weaving with 1 points and Close – End Mutual Fund with 1 points.
The most points added to the index was by HUBC which contributed 56 points followed by POL with 19 points, DAWH with 17 points, EFERT with 16 points and UBL with 10 points.
All Share Volume decreased by 86.77 Million to 345.30 Million Shares. Market Cap decreased by Rs.60.11 Billion.
Total companies traded were 360 compared to 363 from the previous session. Of the scrips traded 87 closed up, 258 closed down while 15 remained unchanged.
Total trades decreased by 12,693 to 125,826.
Value Traded increased by 2.95 Billion to Rs.13.24 Billion
| Company | Volume |
|---|---|
| Worldcall Telecom | 65,105,500 |
| TRG Pakistan | 54,816,464 |
| Unity Foods Ltd(R) | 30,196,170 |
| Telecard | 15,201,000 |
| Yousaf Weaving Mills | 11,938,500 |
| Kohinoor Spinning Mills | 9,414,500 |
| Cnergyico PK | 8,809,500 |
| Pakistan Refinery | 8,334,500 |
| Hum Network | 7,419,500 |
| Ghani Global Holdings | 6,666,500 |
| Sector | Volume |
|---|---|
| Technology & Communication | 157,840,624 |
| Food & Personal Care Products | 42,529,508 |
| Refinery | 19,743,939 |
| Textile Spinning | 15,304,200 |
| Power Generation & Distribution | 13,564,932 |
| Textile Weaving | 12,001,500 |
| Chemical | 11,971,020 |
| Cement | 9,751,272 |
| Engineering | 7,659,957 |
| Commercial Banks | 7,047,930 |
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