The Stock Market remained control of Bears during the Week as Decline continued in the market with KSE100 losing 674 points to close at 44,833 points.
Rising concerns amid increasing Covid-19 cases across the country, delay in IMF deal, expected higher inflation in January and rising Commodity Prices aggravated the pressure.
Investors remained concerned over rising international commodities prices which led the market to trade down during the day.
Benchmark KSE100 Index also came under pressure from TRG which hit Lower Lock (down 7.5%), while other Index Heavy Weights Lucky Cement (down 2.14%), PSO (down 3.45%), ENGRO (down 1.06%), MCB (down 1.32%), FFC (down 1.04%) also pushed the Index lower.
Stock which most declined included TRG(↓7.5%), NETSOL(↓7.5%), WTL (↓7.69%), TPL (↓7.5%), TPL Properties (↓7.5%), TREET (↓7.07%). ATRL (↓6.6%), CNERGY (↓6.47%)
Stock which were in gain included KAPCO (↑2.3%), OCTOPUS (↑2.3%), HMB (↑1.79%).
Below is the summary of Category Wise summary:
NET BUY / (SELL) PKR | NET BUY / (SELL) USD | |
INDIVIDUALS | (3,721,201) | (21,023) |
COMPANIES | (646,710,088) | (3,653,729) |
BANKS / DFI | 393,222,378 | 2,221,595 |
NBFC | 7,357 | 41 |
MUTUAL FUNDS | (182,154,268) | (1,029,120) |
OTHER ORGANIZATION | 63,601,928 | 359,332 |
BROKER PROPRIETARY TRADING | 244,115,182 | 1,379,181 |
INSURANCE COMPANIES | 12,779,879 | 72,202 |
LIPI NET | (118,858,831) | (671,519) |
NET BUY / (SELL) PKR | NET BUY / (SELL) USD | |
FOREIGN INDIVIDUAL | 33,531,490 | 189,443 |
FOREIGN CORPORATES | (40,517,897) | (228,914) |
OVERSEAS PAKISTANI | 125,845,238 | 710,990 |
FIPI NET | 118,858,831 | 671,518 |
Latest posts by News Desk (see all)
- Moody’s maintain stable outlook of Pak Banks - April 11, 2022
- FPCCI concerned over 250bps rise in MPS - April 11, 2022
- SAARCCI appreciate Pak stance on Barter trade with Iran,Afghan - April 11, 2022