AIRLINK 62.48 Increased By ▲ 2.05 (3.39%)
BOP 5.36 Increased By ▲ 0.01 (0.19%)
CNERGY 4.58 Decreased By ▼ -0.02 (-0.43%)
DFML 15.50 Increased By ▲ 0.66 (4.45%)
DGKC 66.40 Increased By ▲ 1.60 (2.47%)
FCCL 17.59 Increased By ▲ 0.73 (4.33%)
FFBL 27.70 Increased By ▲ 2.95 (11.92%)
FFL 9.27 Increased By ▲ 0.21 (2.32%)
GGL 10.06 Increased By ▲ 0.10 (1%)
HBL 105.70 Increased By ▲ 1.49 (1.43%)
HUBC 122.30 Increased By ▲ 4.78 (4.07%)
HUMNL 6.60 Increased By ▲ 0.06 (0.92%)
KEL 4.50 Decreased By ▼ -0.05 (-1.1%)
KOSM 4.48 Decreased By ▼ -0.09 (-1.97%)
MLCF 36.20 Increased By ▲ 0.79 (2.23%)
OGDC 122.92 Increased By ▲ 0.53 (0.43%)
PAEL 23.00 Increased By ▲ 1.09 (4.97%)
PIAA 29.34 Increased By ▲ 2.05 (7.51%)
PIBTL 5.80 Decreased By ▼ -0.14 (-2.36%)
PPL 107.50 Increased By ▲ 0.13 (0.12%)
PRL 27.25 Increased By ▲ 0.74 (2.79%)
PTC 18.07 Increased By ▲ 1.97 (12.24%)
SEARL 53.00 Decreased By ▼ -0.63 (-1.17%)
SNGP 63.21 Increased By ▲ 2.01 (3.28%)
SSGC 10.80 Increased By ▲ 0.05 (0.47%)
TELE 9.20 Increased By ▲ 0.71 (8.36%)
TPLP 11.44 Increased By ▲ 0.86 (8.13%)
TRG 70.86 Increased By ▲ 0.95 (1.36%)
UNITY 23.62 Increased By ▲ 0.11 (0.47%)
WTL 1.28 No Change ▼ 0.00 (0%)
BR100 6,944 Increased By 65.8 (0.96%)
BR30 22,827 Increased By 258.6 (1.15%)
KSE100 67,142 Increased By 594.3 (0.89%)
KSE30 22,090 Increased By 175.1 (0.8%)

The benchmark KSE-100 Index fell below the 46,000 level after a decrease of 0.84% on Wednesday, a fall that comes in tandem with the currency that also depreciated against the US dollar.

A brief positive start was followed by side-ways trading with the index eventually hitting an intra-day low of 45,888.27 for a drop of 445 points.

“Major negativity came from banks, E&Ps and cement sector where HBL, PPL, MLCF and MEBL closed lower,” said Topline Securities in its post-market comment.

At close, the KSE-100 Index settled at 45,943.16, a drop of 390.20 points or 0.84%. The fall brings the index's cumulative decrease to 1.4% during the ongoing week.

"KSE-100 opened positive but could not sustain the level as profit-taking dragged the index down. The session remained dull whereas hefty volumes were observed in 3rd-tier stocks," said Arif Habib Limited (AHL) in a note.

Market activity was dominated by the rupee losing value yet again, depreciating 0.8% to close at 185.92 in the inter-bank market.

On the corporate front, HBL announced earnings for 1QCY22 at Rs8.6 billion alongside an EPS of Rs5.78, an uptick of 3% YoY. “The rise in YoY earnings is primarily due to a jump in total income and decline in provisioning,” said Arif Habib Limited (AHL).

After range-bound session, KSE-100 ends with 206-point fall

Sectors pushing the benchmark index lower included banking (95.13 points), cement (91.11 points) and oil and gas exploration (69.22 points).

Volume on the all-share index increased to 235 million from 228.62 million on Tuesday. The value of shares traded declined to Rs8.01 billion from Rs8.84 billion recorded in the previous session.

Cnergyico PK was the volume leader with 23.76 million shares, followed by TPL Properties with 15.74 million shares, and Ghani Global Holdings Limited with 14.76 million shares.

Shares of 326 companies were traded on Wednesday, of which 87 registered an increase, 218 recorded a fall, and 21 remained unchanged.

Comments

Comments are closed.