PSX Closing Bell: The Bazaar of Bad Dreams

September 14, 2021 (MLN): The local bourse witnessed selling pressure throughout the day today as the Rupee fell to a record low of 168.94 against USD in inter market, leading the benchmark KSE-100 index to close in red with a loss of 379 points close at 46,891 level.

Moreover, upcoming monetary policy where the investors are expecting a gradual rate hike and tensions between the United States and Pakistan over the Afghanistan issue kept the investors to adopt a cautious approach.

Furthermore, financial results announced by DGKC also failed to impress the investors. Refinery sector faced assault as new refinery policy was not approved by the CCoE.

The Index traded in a range of 778.56 points or 1.65 percent of previous close, showing an intraday high of 47,387.34 and a low of 46,608.78.

Of the 96 traded companies in the KSE100 Index 19 closed up 73 closed down, while 4 remained unchanged. Total volume traded for the index was 199.43 million shares.

Sector wise, the index was let down by Cement with 96 points, Refinery with 52 points, Oil & Gas Exploration Companies with 45 points, Technology & Communication with 39 points and Oil & Gas Marketing Companies with 28 points.

The most points taken off the index was by LUCK which stripped the index of 44 points followed by TRG with 24 points, OGDC with 23 points, DGKC with 19 points and BYCO with 18 points.

Sectors propping up the index were Commercial Banks with 15 points, Real Estate Investment Trust with 6 points, Paper & Board with 3 points, Leather & Tanneries with 2 points and Textile Weaving with 2 points.

The most points added to the index was by HBL which contributed 36 points followed by HMB with 22 points, FFC with 9 points, DCR with 6 points and PKGS with 5 points.

All Share Volume increased by 83.96 Million to 479.79 Million Shares. Market Cap decreased by Rs.100.40 Billion.

Total companies traded were 525 compared to 519 from the previous session. Of the scrips traded 102 closed up, 411 closed down while 12 remained unchanged.

Total trades increased by 15,317 to 152,368.

Value Traded decreased by 1.15 Billion to Rs.15.04 Billion

CompanyVolume

Top Ten by Volume

Byco Petroleum Pakistan71,674,000
Telecard51,432,000
Worldcall Telecom25,354,500
Azgard Nine22,090,500
Hum Network21,917,500
Service Fab(R)20,828,500
TPL Properties19,083,500
Yousaf Weaving Mills10,982,500
TPL Corp10,980,500
K-Electric10,853,000

 

SectorVolume

Top Sector by Volume

Technology & Communication125,813,296
Refinery82,184,164
Textile Weaving32,771,000
Textile Composite26,459,000
Commercial Banks26,253,945
Miscellaneous25,744,200
Food & Personal Care Products25,143,533
Cement22,025,694
Power Generation & Distribution18,751,452
Engineering13,127,205

 

 

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Posted on: 2021-09-14T18:21:43+05:00

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