March 07, 2022 (MLN): Following the selling pressure witnessed in global markets due to soaring commodity prices especially oil, amid escalated Russia-Ukraine tensions, the Pakistan Stock Exchange’s benchmark KSE-100 Index also went through a bloodbath on Monday.
KSE-100 opened on a negative note as it lost more than 500 points with in fifteen minutes. After continuously trading in red throughout the day, the index closed at 43,266.97, down by 1284.38 points or a 2.88 percent decline.
The market participants were also cautious about the political unrest in the country.
The Index remained negative throughout the session touching an intraday low of 43,049.41
Of the 97 traded companies in the KSE100 Index 8 closed up 88 closed down, while 1 remained unchanged. Total volume traded for the index was 104.84 million shares.
Sector wise, the index was let down by Cement with 235 points, Commercial Banks with 222 points, Technology & Communication with 159 points, Fertilizer with 98 points and Power Generation & Distribution with 91 points.
The most points taken off the index was by LUCK which stripped the index of 122 points followed by HUBC with 79 points, TRG with 78 points, SYS with 59 points and HBL with 58 points.
Sectors propping up the index were Real Estate Investment Trust with 5 points, Insurance with 4 points, Close – End Mutual Fund with 2 points and Miscellaneous with 2 points.
The most points added to the index was by NATF which contributed 12 points followed by AICL with 7 points, DCR with 5 points, PSEL with 3 points and HGFA with 2 points.
All Share Volume increased by 102.08 Million to 236.88 Million Shares. Market Cap decreased by Rs.213.80 Billion.
Total companies traded were 358 compared to 335 from the previous session. Of the scrips traded 41 closed up, 301 closed down while 16 remained unchanged.
Total trades increased by 42,959 to 113,986.
Value Traded increased by 3.48 Billion to Rs.8.21 Billion
| Company | Volume |
|---|---|
| Hum Network | 20,073,813 |
| Worldcall Telecom | 11,545,000 |
| Flying Cement(R) | 11,439,500 |
| TRG Pakistan | 9,512,556 |
| Telecard | 9,028,223 |
| Ghani Global Holdings | 7,855,000 |
| Unity Foods | 7,256,361 |
| Oil & Gas Development Company | 6,335,213 |
| Cnergyico PK | 6,280,941 |
| Dost Steels | 6,266,000 |
| Sector | Volume |
|---|---|
| Technology & Communication | 59,521,259 |
| Cement | 31,290,495 |
| Chemical | 18,752,269 |
| Engineering | 16,966,200 |
| Food & Personal Care Products | 15,257,523 |
| Power Generation & Distribution | 12,630,778 |
| Commercial Banks | 11,969,793 |
| Oil & Gas Exploration Companies | 9,004,309 |
| Refinery | 8,550,095 |
| Oil & Gas Marketing Companies | 8,270,434 |
Copyright Mettis Link News
31288
