December 16, 2021 (MLN): The capital market endured bearish sentiments on Thursday as investors were expecting a decline in cutoff yields. However, the interest rates remained unchanged during yesterday’s T-Bills auction.
Moreover, market sources suggest mutual funds redemption was also the significant reason behind today’s decline.
Globally, FED cues three hikes in inflation pivot ahead in 2022 which may limit equities' upward trend in the coming year, post-market note by Pearl Securities noted.
Resultantly, the market came under notable selling pressure and the benchmark KSE-100 plunged by 635.66 points to close at 43,731.20.
The Index traded in a range of 788.08 points or 1.78 percent of the previous close, showing an intraday high of 44,394.04 and a low of 43,605.96.
Of the 92 traded companies in the KSE100 Index, 16 closed up 76 closed down, while 0 remained unchanged. The total volume traded for the index was 124.15 million shares.
Sector-wise, the index was let down by commercial banks with 199 points, cement with 116 points, fertilizer with 65 points, oil & gas exploration companies with 64 points, and oil & gas marketing companies with 44 points.
The most points taken off the index was by HBL which stripped the index of 59 points followed by LUCK with 58 points, MCB with 49 points, SYS with 38 points, and PPL with 35 points.
Sectors propping up the index were technology & communication with 6 points, textile composite with 4 points, and Real Estate Investment Trust with 2 points.
The most points added to the index was by TRG which contributed 46 points followed by UNITY with 17 points, MARI with 11 points, ABL with 7 points, and KTML with 4 points.
All Share Volume decreased by 86.02 million to 312.07 million Shares. Market Cap decreased by Rs110.37billion.
Total companies traded were 345 compared to 374 from the previous session. Of the scrips traded 86 closed up, 248 closed down while 11 remained unchanged.
Total trades decreased by 8,711 to 129,248.
Value Traded decreased by 1.53billion to Rs10.12billion
| Company | Volume |
|---|---|
| Worldcall Telecom | 49,185,000 |
| Telecard | 30,929,000 |
| Byco Petroleum Pakistan | 18,967,500 |
| TRG Pakistan | 16,993,700 |
| Unity Foods | 13,916,540 |
| Treet Corporation | 11,164,000 |
| Hum Network | 10,555,000 |
| Azgard Nine | 9,876,000 |
| TPL Properties | 8,644,500 |
| G3 Technologies | 8,189,500 |
| Sector | Volume |
|---|---|
| Technology & Communication | 119,443,774 |
| Food & Personal Care Products | 32,041,680 |
| Refinery | 26,692,684 |
| Cement | 20,492,216 |
| Commercial Banks | 14,828,335 |
| Textile Composite | 13,134,900 |
| Miscellaneous | 12,039,400 |
| Oil & Gas Marketing Companies | 11,044,183 |
| Textile Weaving | 8,735,500 |
| Chemical | 8,495,200 |
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