February 22, 2022 (MLN): In line with global markets, Pakistan Stock Exchange (PSX) also remained under pressure today due to mounting international oil prices on the back of the Russia-Ukraine conflict.
The market witnessed a sell-off throughout the trading mainly in the tech and cement stocks, which led it to stay in the red zone.
However, in the last trading hour, value hunting was observed which led to a recovery in the market. Activity continued to remain side-ways as the market witnessed hefty volumes in the 3rd tier stocks, a market closing note by Arif Habib Limited said.
Resultantly, the index concluded the session on Tuesday with a 350.67 point or 0.77 percent decline to close at 45,012.18.
The index remained negative throughout the session touching an intraday low of 44,697.89.
Of the 94 traded companies in the KSE100 Index 22 closed up 68 closed down, while 4 remained unchanged. Total volume traded for the index was 112.20 million shares.
Sector wise, the index was let down by Technology & Communication with 124 points, Cement with 54 points, Fertilizer with 41 points, Power Generation & Distribution with 38 points and Oil & Gas Marketing Companies with 21 points.
The most points taken off the index was by TRG which stripped the index of 82 points followed by LUCK with 31 points, SYS with 28 points, ENGRO with 23 points and KAPCO with 20 points.
Sectors propping up the index were Automobile Assembler with 18 points, Commercial Banks with 10 points, Oil & Gas Exploration Companies with 5 points, Real Estate Investment Trust with 3 points and Chemical with 2 points.
The most points added to the index was by MARI which contributed 19 points followed by MTL with 18 points, MEBL with 15 points, UBL with 14 points and POL with 9 points.
All Share Volume increased by 89.51 Million to 227.17 Million Shares. Market Cap decreased by Rs.50.65 Billion.
Total companies traded were 341 compared to 339 from the previous session. Of the scrips traded 75 closed up, 252 closed down while 14 remained unchanged.
Total trades increased by 45,264 to 112,624.
Value Traded increased by 4.01 Billion to Rs.7.63 Billion
| Company | Volume |
|---|---|
| Worldcall Telecom | 23,687,000 |
| The Bank of Punjab | 14,411,500 |
| Telecard | 12,900,600 |
| TRG Pakistan | 10,690,641 |
| TPL Properties | 8,304,500 |
| Ghani Global Holdings | 7,936,500 |
| Nishat Chunian | 7,575,710 |
| Cnergyico PK | 7,539,633 |
| K-Electric | 7,408,500 |
| Unity Foods | 5,145,658 |
| Sector | Volume |
|---|---|
| Technology & Communication | 64,351,057 |
| Commercial Banks | 27,696,720 |
| Chemical | 14,080,540 |
| Power Generation & Distribution | 13,620,539 |
| Food & Personal Care Products | 12,530,899 |
| Textile Composite | 12,214,892 |
| Cement | 11,938,092 |
| Refinery | 9,934,265 |
| Miscellaneous | 9,787,600 |
| Oil & Gas Marketing Companies | 8,054,442 |
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