April 07, 2023 (MLN): Bears took the charge of the trading floor on Friday as the benchmark KSE-100 index lost 301.24 points to close at 40,049.65.
Investors' sentiments were crushed by the news flows wherein Federal Minister for Finance and Revenue Senator Ishaq Dar canceled his US trip to attend WB-IMF spring meetings.
He initially planned to meet with the management of the International Monetary Fund during spring meetings to discuss and address obstacles hindering the progress of a staff-level agreement that would facilitate the resumption of a stalled bailout package.
The Index traded in a range of 552.06 points or 1.37 percent of the previous close, showing an intraday high of 40,556.41 and a low of 40,004.35.
Of the 92 traded companies in the KSE100 Index 26 closed up 65 closed down, while 1 remained unchanged. The total volume traded for the index was 47.69 million shares.
Sector-wise, the index was let down by Oil & Gas Exploration Companies with 97 points, Fertilizer with 57 points, Technology & Communication with 30 points, Cement with 27 points and Power Generation & Distribution with 24 points.
The most points taken off the index was by OGDC which stripped the index of 46 points followed by ENGRO with 37 points, PPL with 33 points, HUBC with 24 points and LUCK with 17 points.
Sectors propping up the index were Inv. Banks / Inv. Cos. / Securities Cos. with 11 points, Chemical with 5 points, Textile Composite with 3 points, Paper & Board with 2 points and Sugar & Allied Industries with 1 point.
The most points added to the index were by DAWH which contributed 11 points followed by PSEL with 6 points, MTL with 5 points, EPCL with 4 points and NML with 3 points.
All Share Volume decreased by 36.22 Million to 135.14mn shares. Market Cap decreased by Rs50.23 billion.
The total companies traded were 301 compared to 320 from the previous session. Of the scrips traded 90 closed up, 188 closed down and 23 remained unchanged.
Total trades decreased by 18,360 to 59,877.
Value Traded decreased by 1.93bn to Rs3.20bn.
| Company | Volume |
|---|---|
| JS Bank | 26,211,000 |
| Worldcall Telecom | 13,117,542 |
| Silkbank | 10,156,000 |
| The Organic Meat Company | 7,344,000 |
| Telecard | 5,881,621 |
| Pakistan Petroleum | 5,591,512 |
| Oil & Gas Development Company | 4,694,653 |
| D.G. Khan Cement Company | 4,316,454 |
| Maple Leaf Cement Factory | 4,123,260 |
| Pakistan International Bulk Terminal | 3,145,500 |
| Sector | Volume |
|---|---|
| Commercial Banks | 43,112,515 |
| Technology & Communication | 21,759,725 |
| Cement | 12,711,641 |
| Food & Personal Care Products | 11,860,088 |
| Oil & Gas Exploration Companies | 10,335,271 |
| Oil & Gas Marketing Companies | 4,834,312 |
| Chemical | 4,801,424 |
| Power Generation & Distribution | 4,625,805 |
| Property | 3,512,934 |
| Transport | 3,462,000 |
Copyright Mettis Link News
Posted on: 2023-04-07T14:34:03+05:00
