August 16, 2022 (MLN): Follwing two sessions in green, domestic equities witnessed profit taking today as bears remained dominant towards the close leading the index to close at 43,436 level, after shedding 185 points.
The index commenced trading on a positive note however profit taking dragged the market down to close in the red.
Market sentiment was mainly hit by an increase in POL prices against market expectations. Profit-taking was also augmented by the corporate result season as major refineries announced their results today, a note by Pearl Securities said.
On the flip side, the government’s economic stabilization plan is on track as the Rupee continued to gain ground against the dollar to close at PKR213.90 per USD.
As a result, the market marked an intraday high of 43,888 points and low of 43,380 points before settling at 43,436 level.
Of the 97 traded companies in the KSE100 Index 28 closed up 66 closed down, while 3 remained unchanged. Total volume traded for the index was 225.42 million shares.
Sector wise, the index was let down by Miscellaneous with 58 points, Technology & Communication with 52 points, Refinery with 27 points, Oil & Gas Exploration Companies with 25 points and Automobile Assembler with 24 points.
The most points taken off the index was by PSEL which stripped the index of 58 points followed by TRG with 25 points, FFC with 18 points, SYS with 18 points and PSO with 16 points.
Sectors propping up the index were Power Generation & Distribution with 29 points, Commercial Banks with 27 points, Textile Composite with 13 points, Fertilizer with 9 points and Food & Personal Care Products with 5 points.
The most points added to the index was by ENGRO which contributed 33 points followed by HBL with 30 points, HUBC with 21 points, LUCK with 17 points and KAPCO with 11 points.
All Share Volume decreased by 23.50 Million to 518.05 Million Shares. Market Cap decreased by Rs.20.63 Billion.
Total companies traded were 360 compared to 368 from the previous session. Of the scrips traded 134 closed up, 208 closed down while 18 remained unchanged.
Total trades increased by 3,191 to 198,241.
Value Traded decreased by 0.62 Billion to Rs.16.22 Billion
|Flying Cement Company||13,432,500|
|Food & Personal Care Products||81,554,288|
|Technology & Communication||68,546,761|
|Oil & Gas Marketing Companies||33,805,918|
|Power Generation & Distribution||29,590,757|
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