April 28, 2022 (MLN): Continuing its bearish run, the capital saw selling pressure on Friday in the final pre-Eid trading session on the 22-year high cut-off yields, rising as high as 129 basis points in the auction led by SBP on Wednesday, which created room for the next rate hike at the next MPC meeting.
On top of that, investors remained cautious amid rumors that Pakistan has decided to request an additional $3.2 billion package from Saudi Arabia to bring the total facility to $7.4 billion from to the existing $4.2 billion to save declining foreign exchange reserves, the post-closing note by Aba Ali Habib noted.
As a result, the benchmark KSE-100 plunged 283.89 points to close at 45,249.41.
The index remained negative throughout the session, touching an intraday low of 44,648.48
Of the 95 companies listed in the KSE100 index, 26 closed higher, 68 closed, while one remained unchanged. The total volume traded for the index was 155.37 million shares.
Sector-wise, the index was disappointed by technology and communication with 57 points, fertilizers with 50 points, power generation and distribution with 46 points, oil and gas exploration companies with 44 points and cement with 41 points.
The highest number of points removed from the index was HUBC which removed the index by 40 points, followed by FFC with 33 points, TRG with 28 points, SYS with 25 points and PPL with 20 points.
The sectors supporting the index are Chemicals with 28 points, Automobile assembly with 26 points, Inv. Banks / Inv. cos. / Securities Cos. with 12 points, Pharmaceuticals with 12 points and Cable & Electrical Goods with 2 points.
The most points added to the index were EPCL with 25 points, followed by MTL with 21 points, DAWH with 18 points, MEBL with 15 points and LOCHEM with 15 points.
The volume of all shares increased by 101.64 million to 325.47 million shares. The market capitalization decreased by Rs55.71 billion.
The total number of companies traded was 340 compared to 331 in the previous session. Of the scripts traded, 93 closed, 233 closed while 14 remained unchanged.
The total number of transactions increased by 23,944 to 111,042.
The value traded increased by 3.71 billion to reach 9.29 billion rupees
| Company | Volume |
|---|---|
| Worldcall Telecom | 37,497,000 |
| Cnergyico PK | 34,661,433 |
| Hum Network | 27,431,000 |
| Pak Electron | 14,115,000 |
| Pakistani refinery | 12,881,000 |
| Lotte Chemical Pakistan | 12,146,500 |
| Telephone card | 10,553,000 |
| Ghani Global Holdings | 10,446,500 |
| Unit food | 10,209,611 |
| K-electric | 8,822,000 |
| Sector | Volume |
|---|---|
| Technology & Communications | 93 284 693 |
| Refinery | 49,622,161 |
| Chemical | 33 402 141 |
| Food and personal care products | 22,049,922 |
| Cement | 19,888,878 |
| Cable and electrical products | 16,624,300 |
| Energy production and distribution | 13,580,792 |
| commercial banks | 12,090,643 |
| Various | 8,983,051 |
| Engineering | 8,783,746 |
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Published on: 2022-04-28T15:26:40+05:00
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