September 29, 2021 (MLN): The capital market opened on a positive note but soon succumbed to the selling pressure owing to the news pertaining to the bill moved in the US Senate to impose sanctions on the Afghan Talibans that could potentially extend to Pakistan.
Meanwhile, the surging oil prices in the international market and the government's tightening measures to combat the inflating import bill have smashed investors’ sentiments.
Resultantly, the benchmark KSE-100 lost 908.19 points at the end of the trading session to trade at 44,366.74.
“With today’s KSE-100 index closing, the index is so far down 6% in Sep 2021. If the trend continues tomorrow this will be the highest monthly fall after Mar 2020 where the index declined by 23% due to Covid,” Topline Securities said.
The Index traded in a range of 1368.34 points or 3.02 percent of the previous close, showing an intraday high of 45,342.25 and a low of 43,973.91.
Of the 98 traded companies in the KSE100 Index 4 closed up 93 closed down, while 1 remained unchanged. Total volume traded for the index was 208.74 million shares.
Sector-wise, the index was let down by Commercial Banks with 172 points, Technology & Communication with 128 points, Cement with 100 points, Pharmaceuticals with 65 points and Fertilizer with 58 points.
The most points taken off the index was by TRG which stripped the index of 88 points followed by MCB with 61 points, SEARL with 35 points, SYS with 35 points and LUCK with 35 points.
Sectors propping up the index were Tobacco with 19 points.
The most points added to the index was by PAKT which contributed 19 points followed by SCBPL with 3 points and GLAXO with 1 point.
All Share Volume increased by 103.90 Million to 468.76 Million Shares. Market Cap decreased by Rs.127.08 Billion.
Total companies traded were 560 compared to 556 from the previous session. Of the scrips traded 60 closed up, 489 closed down while 11 remained unchanged.
Total trades increased by 37,498 to 169,031.
Value Traded increased by 2.37 Billion to Rs.16.40 Billion
|Dolmen City REIT||36,023,000|
|Byco Petroleum Pakistan||35,627,500|
|Ghani Global Holdings||18,607,000|
|Technology & Communication||158,896,804|
|Real Estate Investment Trust||36,023,000|
|Food & Personal Care Products||34,687,341|
|Oil & Gas Marketing Companies||8,793,253|
Copyright Mettis Link News