June 28, 2021 (MLN): Domestic equities fell sharply on Monday as the benchmark index recorded a drop of 601 points, to settle at 47,002 points level.
The market remained in the red zone throughout the day as Financial year end closing for the institutional investors (Banks and Mutual Funds) prompted profit booking, especially in the aftermath of MSCI downgrade from Emerging Market to Frontier Market which can possibly result in selling from foreign corporates, a closing note by Arif Habib highlighted.
Selling pressure was witnessed across the board with emphasis on Cement, Banks, E&P sectors.
The Index traded in a range of 758.93 points or 1.59 percent of previous close, showing an intraday high of 47,659.19 and a low of 46,900.26.
Of the 96 traded companies in the KSE100 Index 15 closed up 77 closed down, while 4 remained unchanged. Total volume traded for the index was 223.95 million shares.
Sector wise, the index was let down by Commercial Banks with 191 points, Cement with 106 points, Oil & Gas Marketing Companies with 53 points, Oil & Gas Exploration Companies with 52 points and Textile Composite with 45 points.
The most points taken off the index was by HBL which stripped the index of 69 points followed by LUCK with 51 points, UBL with 43 points, HUBC with 33 points and MCB with 24 points.
Sectors propping up the index were Technology & Communication with 23 points, Paper & Board with 10 points, Tobacco with 7 points, Automobile Parts & Accessories with 6 points and Cable & Electrical Goods with 3 points.
The most points added to the index was by TRG which contributed 22 points followed by ABOT with 10 points, THALL with 8 points, ABL with 8 points and PKGS with 8 points.
All Share Volume decreased by 106.30 Million to 655.12 Million Shares. Market Cap decreased by Rs.92.63 Billion.
Total companies traded were 416 compared to 402 from the previous session. Of the scrips traded 78 closed up, 315 closed down while 23 remained unchanged.
Total trades decreased by 18,964 to 170,499.
Value Traded decreased by 2.89 Billion to Rs.18.86 Billion
| Company | Volume |
|---|---|
| Worldcall Telecom | 98,862,500 |
| Byco Petroleum Pakistan | 52,860,500 |
| Jahangi Sidd(R) | 50,357,500 |
| K-Electric | 28,314,000 |
| Treet Corporation | 22,309,000 |
| Silkbank | 22,096,000 |
| Waves Singer Pakistan | 18,686,000 |
| Ghani Global Glass | 16,172,000 |
| Hum Network | 15,403,000 |
| Unity Foods | 14,963,538 |
| Sector | Volume |
|---|---|
| Technology & Communication | 160,623,865 |
| Inv. Banks / Inv. Cos. / Securities Cos. | 78,791,574 |
| Refinery | 58,346,900 |
| Food & Personal Care Products | 52,935,018 |
| Commercial Banks | 38,189,742 |
| Power Generation & Distribution | 34,949,179 |
| Miscellaneous | 31,383,900 |
| Cement | 25,193,159 |
| Cable & Electrical Goods | 24,574,800 |
| Textile Composite | 22,493,550 |
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