December 21, 2021 (MLN): After witnessing a day in green, the capital market today remained dull owing to the lack of fresh triggers.
Meanwhile, the investors’ confidence was dampened on the deteriorated current account deficit which has widened by 8% MoM to stand at $1.9 billion in November 2021 from $1.76bn in October 2021 as imports outstripped strong exports & robust remittances.
“The upcoming mini-budget, scheduled to be tabled this week, also weighed down on investors’ sentiments as the government warns of slashing subsidized to the tune of Rs360 billion”, post-market note by Aba Ali Habib Securities said.
Resultantly, the benchmark KSE–100 index lost 162.88 points to close at 44,177.07.
The index traded in a range of 476.41 points or 1.07 percent of the previous close, showing an intraday high of 44,594.60 and a low of 44,118.19.
Of the 95 traded companies in the KSE100 Index, 32 closed up 60 closed down, while 3 remained unchanged. The total volume traded for the index was 98.46 million shares.
Sector-wise, the index was let down by oil & gas exploration companies with 57 points, commercial banks with 51 points, fertilizer with 45 points, cement with 39 points, and oil & gas marketing companies with 14 points.
The most points taken off the index was by PPL which stripped the index of 32 points followed by MEBL with 29 points, ENGRO with 25 points, PSO with 17 points, and HBL with 15 points.
Sectors propping up the index were refinery with 13 points, power generation & distribution with 10 points, chemical with 7 points, Inv. banks / Inv. Cos. / securities Cos. with 7 points and food & personal care products with 6 points.
The most points added to the index was by TRG which contributed 21 points followed by CNERGY with 14 points, MCB with 14 points, COLG with 11 points, and HUBC with 11 points.
All Share Volume decreased by 15.37 million to 223.08 million Shares. Market Cap decreased by Rs.17.77 billion.
Total companies traded were 346 compared to 343 from the previous session. Of the scrips traded 145 closed up, 171 closed down while 30 remained unchanged.
Total trades decreased by 1,491 to 109,876.
Value Traded decreased by 0.71 billion to Rs.8.68 billion
| Company | Volume |
|---|---|
| Worldcall Telecom | 21,714,500 |
| TRG Pakistan | 20,928,534 |
| Cnergyico PK | 18,722,500 |
| Fauji Foods | 12,860,500 |
| Telecard | 10,196,500 |
| Unity Foods | 8,129,264 |
| Hum Network | 7,809,000 |
| Ghani Global Holdings | 6,839,500 |
| Treet Corporation | 5,180,500 |
| Fatima Fertilizer Company | 4,901,000 |
| Sector | Volume |
|---|---|
| Technology & Communication | 69,427,206 |
| Food & Personal Care Products | 27,807,134 |
| Refinery | 23,704,143 |
| Chemical | 13,492,820 |
| Cement | 11,852,256 |
| Commercial Banks | 8,667,069 |
| Engineering | 7,082,778 |
| Fertilizer | 6,553,360 |
| Power Generation & Distribution | 6,381,076 |
| Oil & Gas Marketing Companies | 6,214,151 |
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