December 10, 2021 (MLN): The capital market buckled under selling pressure for the third straight session on Friday, mainly due to the expectation of an interest rate hike of 100-125bps in the upcoming MPC meeting due on Dec 14.
While Topline Securities in its market wrap said, “The negativity in the market can be attributed to an increase in National Saving Scheme in the range of 161bps to 240 bps.”
At close, the benchmark KSE-100 index concluded today's session at 43,396-level, registering a decline of 123 points or 0.28% from its previous session.
The index traded in a range of 556.21 points or 1.28 percent of the previous close, showing an intraday high of 43,607.51 and a low of 43,051.30.
Of the 91 traded companies in the KSE-100 Index, 35 closed up 55 closed down, while 1 remained unchanged. The total volume traded for the index was 82.48 million shares.
Sector wise, the index was let down by Oil & Gas Exploration Companies with 37 points, Technology & Communication with 33 points, Commercial Banks with 33 points, Textile Composite with 17 points and Power Generation & Distribution with 15 points.
The most points taken off the index was by SYS which stripped the index of 40 points followed by BAHL with 21 points, DAWH with 17 points, HBL with 17 points and UBL with 13 points.
Sectors propping up the index were Food & Personal Care Products with 31 points, Fertilizer with 28 points, Engineering with 5 points, Insurance with 4 points and Cement with 3 points.
The most points added to the index was by NESTLE which contributed 21 points followed by TRG with 16 points, FFC with 13 points, MEBL with 12 points and BAFL with 12 points.
All Share Volume decreased by 21.32 Million to 179.17 Million Shares. Market Cap decreased by Rs.5.29 Billion.
Total companies traded were 324 compared to 332 from the previous session. Of the scrips traded 123 closed up, 183 closed down while 18 remained unchanged.
Total trades decreased by 19,566 to 86,043.
Value Traded decreased by 2.02 Billion to Rs.6.73 Billion
| Company | Volume |
|---|---|
| TRG Pakistan | 14,620,541 |
| Treet Corporation | 14,244,000 |
| Worldcall Telecom | 13,620,500 |
| Hascol Petroleum | 8,160,026 |
| TPL Properties | 8,027,000 |
| Byco Petroleum Pakistan | 7,190,000 |
| Azgard Nine | 6,565,500 |
| Pakistan Petroleum | 5,103,097 |
| Telecard | 4,610,000 |
| Unity Foods | 3,787,546 |
| Sector | Volume |
|---|---|
| Technology & Communication | 41,354,596 |
| Food & Personal Care Products | 23,005,666 |
| Cement | 13,282,833 |
| Commercial Banks | 11,042,318 |
| Oil & Gas Marketing Companies | 9,887,583 |
| Refinery | 9,767,496 |
| Miscellaneous | 9,594,000 |
| Chemical | 9,015,460 |
| Textile Composite | 8,660,500 |
| Oil & Gas Exploration Companies | 7,314,015 |
Copyright Mettis Link News
29514
