August 9, 2021 (MLN): The downward trend continued at Pakistan Stock Exchange (PSX) once again on Monday as the benchmark KSE 100 index shed 366 points today, recording an intraday high of 47,625 (+135 pts) and a low of 47,054 (-436 pts) to close at 47,124 level.
The market opened on a positive note as business and commercial activities shuffled back to normalcy amid the removal of lockdown implications. Nonetheless, the continuation of the prevailing virus spread in the country and concerns on rising CAD and inflation on the back of possible tariff hike disrupted investors’ sentiment and exerted pressure at the bourse. Therefore, with no additional positive trigger, the initial gains of the index were wiped off during the session.
The Index traded in a range of 585.36 points or 1.23 percent of the previous close.
Of the 96 traded companies in the KSE100 Index 22 closed up 70 closed down, while 4 remained unchanged. Total volume traded for the index was 107.17 million shares.
Sector wise, the index was let down by Cement with 87 points, Technology & Communication with 69 points, Power Generation & Distribution with 30 points, Fertilizer with 29 points and Oil & Gas Marketing Companies with 25 points.
The most points taken off the index was by TRG which stripped the index of 55 points followed by LUCK with 42 points, HUBC with 27 points, ENGRO with 24 points and GHGL with 17 points.
Sectors propping up the index were Automobile Parts & Accessories with 3 points, Close – End Mutual Fund with 2 points and Refinery with 1 points.
The most points added to the index was by MCB which contributed 13 points followed by HMB with 9 points, HINOON with 4 points, FCEPL with 4 points and ABOT with 3 points.
All Share Volume decreased by 162.44 Million to 337.30 Million Shares. Market Cap decreased by Rs.67.53 Billion.
Total companies traded were 469 compared to 473 from the previous session. Of the scrips traded 73 closed up, 372 closed down while 24 remained unchanged.
Total trades decreased by 22,904 to 120,780.
Value Traded decreased by 2.32 Billion to Rs.11.34 Billion
| Company | Volume |
|---|---|
| Worldcall Telecom | 42,228,000 |
| Fauji Foods | 17,401,500 |
| Ghani Global Holdings | 17,334,000 |
| Byco Petroleum Pakistan | 15,582,000 |
| Telecard | 13,608,000 |
| Unity Foods | 12,440,601 |
| TPL Properties | 10,522,000 |
| K-Electric | 9,981,000 |
| Silkbank | 8,837,500 |
| Citi Pharma Ltd. | 8,499,000 |
| Sector | Volume |
|---|---|
| Technology & Communication | 86,033,042 |
| Food & Personal Care Products | 44,029,261 |
| Commercial Banks | 31,988,222 |
| Chemical | 23,627,750 |
| Refinery | 20,158,214 |
| Cement | 15,585,638 |
| Miscellaneous | 15,145,100 |
| Engineering | 13,371,456 |
| Power Generation & Distribution | 13,238,594 |
| Inv. Banks / Inv. Cos. / Securities Cos. | 12,574,451 |
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