The benchmark KSE-100 Index close at 44,887.77 points
KARACHI
The Pakistan Stock Exchange (PSX) remained under selling pressure on Tuesday, with the benchmark KSE-100 Index shedding 36.14 points (-0.08 percent) to close at 44,887.77 points.
The market opened on a positive note and remained in the green territory throughout the session except for the last half an trading, as investors welcomed the State Bank of Pakistan’s decision to keep the policy rate unchanged at 9.75 percent till March 2022. However, during the last one hour, the bourse witnessed intense selling pressure led by TRG, which eroded all the gains of the day and closed the index in the red territory.
The issuance of a $1 billion sukuk bond also helped improve investors’ confidence. However, surging crude oil and commodity prices, ongoing rollover week, Covid-19 cases and rising import bill also weighed down on investors’ confidence.
The KSE-100 Index moved in a range of 409.4 points, showing an intraday high of 45,255.43 points and a low of 44,846.03 points. Among other indices, the KSE All Share Index shed 52.01 points (-0.17 percent) to close at 30,734.28 points, while KMI All Share Islamic Index gained 5.1 points (+0.02 percent) to close at 22,169.8 points.
A total of 344 companies traded shares in the stock exchange, out of them shares of 145 closed up, shares of 172 closed down while shares of 27 companies remained unchanged. Out of 93 traded companies in the KSE-100 Index, 44 closed up, 43 closed down and six remained unchanged.
The overall market volumes increased by 46.83 million to 207.04 million shares. Total volumes traded for the KSE-100 Index increased by 8.47 million to 97.01 million shares. The number of total trades increased by 15,936 to 100,023, while the value traded increased by Rs2.37 billion to Rs8.12 billion. Overall, market capitalisation decreased by Rs13.02 billion.
Among scrips, WAVES topped the volumes with 15.5 million shares, followed by TRG (11.11 million) and TREET (9.38 million). Stocks that contributed significantly to the volumes included WAVES, TRG, TREET, CNERGY, and WTL, which formed over 25 percent of total volumes.
In terms of rupee, LUCK remained the top gainer and witnessed an increase of Rs19.71 per share, closing at Rs684.93 whereas the runner-up was INDU, the share price of which climbed up by Rs12.82 to Rs1,308.13. COLG remained the top loser in terms of rupee and witnessed a decrease of Rs126 per share, closing at Rs2,294.01, followed by SFL, the share price of which declined by Rs70.2 to close at Rs865.8 per share.
The sectors taking the index towards south were technology & communication with 91 points, oil & gas exploration companies (39 points), chemical (22 points), insurance (8 points) and power generation & distribution (6 points). The most points taken off the index were by TRG which stripped the index of 49 points followed by SYS (41 points), COLG (22 points), ENGRO (19 points) and BAHL (13 points).
The sectors taking the index towards north were cement with 98 points, oil & gas marketing companies (13 points), textile composite (12 points), engineering (8 points) and food & personal care products (6 points). The most points added to the index were by LUCK which contributed 54 points followed by FFC (18 points), CHCC (13 points), BAFL (11 points) and MLCF (11 points).
