PSX Closing Bell: Cataclysmic

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October 5, 2021 (MLN): The capital market witnessed notable selling pressure amid the ongoing global energy crunch. The surging coal prices in the international market have created havoc across the trading floor as it may hurt the domestic industry as well.

In addition, the rising trade deficit and PKR’s downward journey in the interbank market have also dented investors’ sentiment. Market participants were also concerned with the ongoing discussion of government with IMF.

Resultantly, the KSE-100 index plunged by 377.93 points to settle at 44,666.57.

The Index traded in a range of 511.10 points or 1.13 percent of the previous close, showing an intraday high of 45,104.41 and a low of 44,593.31.

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 141.63 million shares.

Sector wise, the index was let down by Cement with 170 points, Technology & Communication with 99 points, Fertilizer with 45 points, Commercial Banks with 23 points and Oil & Gas Marketing Companies with 17 points.

The most points taken off the index was by LUCK which stripped the index of 66 points followed by TRG with 65 points, OGDC with 34 points, SYS with 27 points and MLCF with 24 points.

Sectors propping up the index were Oil & Gas Exploration Companies with 38 points, Chemical with 14 points, Miscellaneous with 13 points, Power Generation & Distribution with 7 points and Sugar & Allied Industries with 2 points.

The most points added to the index was by MARI which contributed 74 points followed by UBL with 19 points, HUBC with 18 points, PSEL with 13 points and EPCL with 11 points.

All Share Volume increased by 67.47 Million to 334.69 Million Shares. Market Cap decreased by Rs.41.94 Billion.

Total companies traded were 564 compared to 545 from the previous session. Of the scrips traded 211 closed up, 342 closed down while 11 remained unchanged.

Total trades increased by 27,642 to 136,287.

Value Traded increased by 3.44 Billion to Rs.13.54 Billion

Company Volume

Top Ten by Volume

Telecard 30,365,000
Azgard Nine 19,557,000
Ghani Global Holdings 18,574,500
Worldcall Telecom 18,071,000
Byco Petroleum Pakistan 13,046,500
First National Equities 10,601,500
Avanceon 9,560,500
Unity Foods 9,426,283
TRG Pakistan 8,645,626
TPL Corp 8,130,000


Sector Volume

Top Sector by Volume

Technology & Communication 85,082,326
Cement 26,539,351
Chemical 24,910,490
Food & Personal Care Products 23,751,743
Textile Composite 23,205,200
Inv. Banks / Inv. Cos. / Securities Cos. 20,823,230
Refinery 16,349,044
Commercial Banks 15,490,749
Miscellaneous 12,811,000
Glass & Ceramics 9,704,400



Copyright Mettis Link News


Posted on: 2021-10-05T17:57:30+05:00



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