November 09, 2021 (MLN): The local bourse witnessed notable selling pressure as investors are concerned over the prevailing uncertainty and delay of the IMF program.
The market lost its momentum in the reaction to the false news being circulated regarding the Prime Minister’s dropping his plans to call International Monetary Fund (IMF) Chairman Kristalena Georgieva.
However, in the later hours, Finance Minister Shaukat Tarin clarified that the news is “completely flawed and baseless and such proposal was never under consideration.
Meanwhile, the PKR depreciation by 1.1 rupees in today’s interbank session has also dented investors’ sentiments.
Resultantly, the benchmark KSE-100 index bled by 715.13 points to settle at 46,399.91.
The Index observed an intraday high of 47,179.14 and a low of 46,309.40 as it traded in a range of 869.74 points or 1.85 percent of the previous close.
Of the 94 traded companies in the KSE100 Index, 10 closed up 82 closed down, while 2 remained unchanged. The total volume traded for the index was 130.93 million shares.
Sector-wise, the index was let down by Commercial Banks with 123 points, Cement with 102 points, Technology & Communication with 79 points, Oil & Gas Exploration Companies with 63 points and Power Generation & Distribution with 46 points.
The most points taken off the index was by TRG which stripped the index of 41 points followed by HUBC with 41 points, UBL with 32 points, PPL with 31 points and OGDC with 28 points.
Sectors propping up the index were Sugar & Allied Industries with 3 points.
The most points added to the index was by FFC which contributed 11 points followed by ATLH with 9 points, DAWH with 3 points, SML with 3 points and POL with 3 points.
All Share Volume increased by 69.80 Million to 434.69 Million Shares. Market Cap decreased by Rs.111.90 Billion.
Total companies traded were 359 compared to 368 from the previous session. Of the scrips traded 48 closed up, 296 closed down while 15 remained unchanged.
Total trades decreased by 135,894 to 155.
Value Traded increased by 1.48 Billion to Rs.14.27 Billion
| Company | Volume |
|---|---|
| Telecard | 33,505,500 |
| Fauji Foods Ltd(R) | 28,810,500 |
| First National Equities | 25,355,500 |
| Worldcall Telecom | 22,989,000 |
| Ghani Global Holdings | 19,753,500 |
| TPL Properties | 18,566,000 |
| Service Fabrics | 18,443,000 |
| Hum Network | 17,773,000 |
| TPL Corp | 15,469,500 |
| Byco Petroleum Pakistan | 14,060,000 |
| Sector | Volume |
|---|---|
| Technology & Communication | 113,123,053 |
| Food & Personal Care Products | 53,259,427 |
| Chemical | 31,181,290 |
| Inv. Banks / Inv. Cos. / Securities Cos. | 28,196,994 |
| Miscellaneous | 25,259,000 |
| Cement | 22,161,646 |
| Refinery | 20,908,866 |
| Textile Weaving | 19,780,500 |
| Commercial Banks | 19,326,617 |
| Textile Composite | 14,253,250 |
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