August 1, 2022 (MLN): Domestic equities witnessed lackluster session on the first day of the week amid lack of fresh triggers and low volumes.
The market opened on a positive note as the possibility of an early release of IMF tranche later this week as hinted by media reports supported the sentiments. However, selling pressure witnessed at the bourse in later hours as PBS announced CPI numbers according to which headline inflation for July hit 14-year of 24.9% YoY which dented investors’ sentiments.
In addtion, lack of political and economic clarity followed by falling foreign exchange reserves pushed index toward the bearish region at the end of trading to settle at 40,076 points level, down by 74 points or 0.19% DoD.
The index traded in a range of 309.24 points or 0.77% of previous close, showing an intraday high of 40,378.51 and a low of 40,069.27.
Of the 90 traded companies in the KSE100 index 27 closed up 59 closed down, while 4 remained unchanged. Total volume traded for the index was 46.74 million shares.
Sector wise, the index was let down by Fertilizer with 56 points, Commercial Banks with 32 points, Insurance with 12 points, Oil & Gas Exploration Companies with 10 points and Power Generation & Distribution with 8 points.
The most points taken off the index was by EFERT which stripped the index of 26 points followed by ENGRO with 20 points, UBL with 18 points, HMB with 10 points and EPCL with 9 points.
Sectors propping up the index were Technology & Communication with 22 points, Food & Personal Care Products with 19 points, Chemical with 14 points, Textile Composite with 9 points and Automobile Assembler with 4 points.
The most points added to the index was by SYS which contributed 30 points followed by COLG with 28 points, NESTLE with 23 points, INDU with 10 points and MCB with 9 points.
All Share volume decreased by 59.85mn to 110.42mn shares. Market Cap increased by Rs11.06 billion.
Total companies traded were 309 compared to 312 from the previous session. Of the scrips traded 101 closed up, 182 closed down while 26 remained unchanged.
Total trades decreased by 25,449 to 70,331.
Value Traded decreased by Rs2.59bn to Rs3.72bn
| Company | Volume |
|---|---|
| TPL Properties | 12,727,715 |
| TRG Pakistan | 9,214,095 |
| Worldcall Telecom | 8,633,500 |
| Agritech | 8,419,500 |
| Telecard | 5,788,500 |
| Unity Foods | 3,882,379 |
| Nishat Chunian | 3,844,080 |
| Cordoba Logist(R) | 3,468,500 |
| Ghani Global Holdings | 3,030,019 |
| Lotte Chemical Pakistan | 2,727,538 |
| Sector | Volume |
|---|---|
| Technology & Communication | 29,077,933 |
| Chemical | 16,006,419 |
| Miscellaneous | 12,965,915 |
| Food & Personal Care Products | 7,372,507 |
| Refinery | 5,880,042 |
| Textile Composite | 5,015,055 |
| Power Generation & Distribution | 4,779,805 |
| Cement | 4,754,334 |
| Transport | 3,938,000 |
| Commercial Banks | 3,345,758 |
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