October 26, 2021 (MLN): The Pakistan Stock Market on Tuesday witnessed a range bound activity as the benchmark KSE-100 Index, after printing an intraday high of 45,513.91 and low of 45,211.21 concluded the session in the red zone due to the absence of positive triggers.
The bearish sentiments were attributed to a rise in the total circular debt which reached Rs2.29tn during the 2MFY22 as compared to Rs2.23tn in the same period last year, as per closing note by Aba Ali Habib Securities.
The investors’ confidence were further knocked by the falling PKR against the greenback as it closed to a new low of Rs175.27 coupled with the news flow regarding a potential hike in local fuel prices to the tune of PKR 7/litre.
While no progress on IMF front also dampened market's sentiments.
Accordingly, the 100 index ended the trading session with a 190.40 point or 0.42 percent decline to close at 45,227.80.
The Index traded in a range of 302.70 points or 0.67 percent of previous close.
Of the 92 traded companies in the KSE100 Index 34 closed up 55 closed down, while 3 remained unchanged. Total volume traded for the index was 69.71 million shares.
Sector wise, the index was let down by Oil & Gas Exploration Companies with 100 points, Commercial Banks with 59 points, Technology & Communication with 42 points, Cement with 38 points and Oil & Gas Marketing Companies with 17 points.
The most points taken off the index was by MARI which stripped the index of 41 points followed by UBL with 37 points, TRG with 37 points, HBL with 37 points and PPL with 20 points.
Sectors propping up the index were Engineering with 29 points, Power Generation & Distribution with 19 points, Fertilizer with 17 points, Chemical with 9 points and Insurance with 7 points.
The most points added to the index was by MEBL which contributed 25 points followed by HUBC with 18 points, INIL with 14 points, HMB with 11 points and EFERT with 11 points.
All Share Volume decreased by 1.00 Million to 164.91 Million Shares. Market Cap decreased by Rs.31.49 Billion.
Total companies traded were 328 compared to 320 from the previous session. Of the scrips traded 134 closed up, 179 closed down while 15 remained unchanged.
Total trades increased by 15,283 to 70,210.
Value Traded increased by 0.69 Billion to Rs.5.67 Billion
| Company | Volume |
|---|---|
| Hum Network | 24,869,500 |
| Ghani Global Holdings | 8,340,000 |
| Lotte Chemical Pakistan | 8,005,500 |
| Telecard | 7,346,000 |
| Byco Petroleum Pakistan | 7,305,000 |
| Unity Foods | 7,297,283 |
| Worldcall Telecom | 5,905,000 |
| Treet Corporation | 5,736,500 |
| Aisha Steel Mills | 4,579,500 |
| TRG Pakistan | 4,454,543 |
| Sector | Volume |
|---|---|
| Technology & Communication | 49,909,144 |
| Chemical | 19,800,700 |
| Food & Personal Care Products | 15,335,283 |
| Engineering | 13,453,783 |
| Commercial Banks | 10,905,445 |
| Cement | 10,069,691 |
| Refinery | 8,154,707 |
| Textile Composite | 5,001,400 |
| Miscellaneous | 4,086,300 |
| Power Generation & Distribution | 3,859,151 |
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