July 15, 2019 (MLN): It is almost time to face the repercussions of rising inflationary pressures and the unswervingly depreciating value of Rupee against dollar as another Monetary Policy Announcement dawns upon the country.
In view of these economic instabilities, the market is in unanimous agreement about its expectation for another contractionary stance on part of the Monetary Policy Committee. This in turn had a dismal impact on the equity market today as the KSE – 100 index lost 714 points in today’s session to close the day at 32,958 points.
It has been 3 years since the index closed below the 33,000 point mark. The last time such an event was witnessed was back in 2016, on March 30th.
The Index remained negative throughout the session, touching an intraday low of 32,895.84. The last time intraday low slipped beyond 33,000 points was over a month ago on May 21, 2019.
Of the 92 traded companies in the KSE100 Index, 6 closed up, 85 closed down, while 1 remained unchanged. Total volume traded for the index was 52.23 million shares.
Sector wise, the index was let down by Fertilizer with 123 points, Oil & Gas Exploration Companies with 115 points, Commercial Banks with 83 points, Power Generation & Distribution with 72 points and Oil & Gas Marketing Companies with 67 points.
The most points taken off the index was by PPL which stripped the index of 56 points followed by HUBC with 49 points, ENGRO with 47 points, FFC with 45 points and OGDC with 30 points.
On the other, hand, the All Share Volume increased by 13.68 Million to 69.19 Million Shares while Market Cap decreased by Rs.115.06 Billion.
Total companies traded were 321 compared to 304 from the previous session. Of the scrips traded 33 closed up, 278 closed down while 10 remained unchanged.
Total trades increased by 366 to 24,363 whereas Value Traded increased by 0.08 Billion to Rs.2.36 Billion
| Company | Volume |
|---|---|
| Maple Leaf Cement Factory | 5,546,000 |
| TRG Pakistan | 5,312,500 |
| K-Electric | 4,512,000 |
| The Bank of Punjab | 3,218,500 |
| Unity Foods | 2,920,000 |
| Byco Petroleum Pakistan | 2,355,500 |
| D.G. Khan Cement Company | 1,659,500 |
| Habib Bank | 1,624,700 |
| Fauji Foods | 1,549,000 |
| Engro Polymer & Chemicals | 1,534,500 |
| Sector | Volume |
|---|---|
| Cement | 12,235,500 |
| Commercial Banks | 9,497,000 |
| Technology & Communication | 8,123,000 |
| Power Generation & Distribution | 5,434,500 |
| Chemical | 4,703,670 |
| Engineering | 3,342,800 |
| Refinery | 2,946,300 |
| Vanaspati & Allied Industries | 2,920,500 |
| Oil & Gas Marketing Companies | 2,659,400 |
| Textile Composite | 2,461,600 |
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