October 13, 2021 (MLN): A bloodbath was witnessed on the trading floors today as the benchmark KSE-100 index lost 661 points to close at 43,222 level, down by 1.5% DoD.
The market opened on a positive note, however later on, it failed to sustain the gains amid ongoing political turbulence in capital and confusion over appointment of country’s key security agency, damaged investors’ confidence in bourse.
Moreover, concerns surrounding uptick in local fuel and energy prices on recommendation of IMF also forced investors to book profit on current valuations, a note by Aba Ali Habib Securities cited.
On the announcement front, Engro Fertilizers Limited (EFERT) announced its 9MCY21 financial performance wherein the fertilizer gaint reported a 30% YoY increase in after-tax profits to Rs14.9bn.
The Index traded in a range of 1103.99 points or 2.52 percent of previous close, showing an intraday high of 44,171.60 and a low of 43,067.61.
Of the 95 traded companies in the KSE100 Index 14 closed up 77 closed down, while 4 remained unchanged. Total volume traded for the index was 156.34 million shares.
Sector wise, the index was let down by Technology & Communication with 185 points, Cement with 107 points, Oil & Gas Exploration Companies with 66 points, Commercial Banks with 45 points and Food & Personal Care Products with 39 points.
The most points taken off the index was by TRG which stripped the index of 110 points followed by SYS with 63 points, UBL with 41 points, LUCK with 28 points and ENGRO with 24 points.
Sectors propping up the index were Power Generation & Distribution with 11 points, Real Estate Investment Trust with 1 points and Paper & Board with 1 points.
The most points added to the index was by ABL which contributed 16 points followed by HBL with 16 points, HUBC with 16 points, FFC with 6 points and FABL with 5 points.
All Share Volume decreased by 49.95 Million to 354.96 Million Shares. Market Cap decreased by Rs.104.06 Billion.
Total companies traded were 543 compared to 535 from the previous session. Of the scrips traded 86 closed up, 436 closed down while 21 remained unchanged.
Total trades decreased by 13,762 to 117,084.
Value Traded decreased by 3.31 Billion to Rs.12.29 Billion
| Company | Volume |
|---|---|
| Hascol Petroleum | 36,758,896 |
| Worldcall Telecom | 28,869,500 |
| Telecard | 17,011,000 |
| Ghani Global Holdings | 16,611,500 |
| TRG Pakistan | 16,266,048 |
| Unity Foods | 16,165,738 |
| Treet Corporation | 14,163,500 |
| Hum Network | 12,366,500 |
| Byco Petroleum Pakistan | 12,044,500 |
| Faysal Bank | 11,617,000 |
| Sector | Volume |
|---|---|
| Technology & Communication | 91,740,948 |
| Commercial Banks | 53,430,203 |
| Oil & Gas Marketing Companies | 41,600,455 |
| Food & Personal Care Products | 38,560,158 |
| Chemical | 20,217,440 |
| Refinery | 15,910,972 |
| Textile Composite | 12,379,200 |
| Cement | 11,449,324 |
| Fertilizer | 11,239,130 |
| Engineering | 10,138,543 |
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