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YHSL Market Wrap Report 17-09-2021

KSE 100 index was once again under the radar of bears. Indices traded in red for most part of the day. It closed in
green in the first half while volume increased from last closing day. Equity markets around the world showed mixed
performance.
* Monetary Policy announcement on 20 Sep regarding an increase of 50-100 bps impacted the market today.
* New Zealand abandon tour of Pakistan citing security threat effected the market.
* Upcoming Roll-over next week has panicked the market downwards.
Index Performance
Gained 261.28 pts the benchmark KSE 100 index recorded intraday high of 47,181.74. It dropped to day’s low of
46,555.87 losing 364.59 pts. The index ended lower by 297.17 pts at 46,636.08. The KMI 30 index declined by 821.68
pts closing at 74,816.45. While KSE All Share index fell short by 178.33 pts settling at 32,010.20.
Volumes for the day
Overall KSE-100 market volumes inched up from 133 mn shares on Thursday to 163 mn shares. Highest participation
was witnessed in World Call Telecom Limited (WTL -2.11%), The Resource Group (TRG -1.48%) and TPL Properties
Limited (TPL +4.51%). The scripts had 42.07 mn shares, 25.23 mn shares and 20.90 mn shares traded, respectively.
Contributors to KSE100
Sectors dragging the benchmark KSE 100 lower included Commercial Banks (-70.81 pts), Cement Sector (-66.92 pts),
Technology and Communication (-60.22 pts) and Oil & Gas Marketing Companies (-24.94 pts). Company-wise, Lucky
Cement Limited (LUCK -53.38 pts), Fauji Fertilizer Company Limited (FFC +39.11 pts) and Meezan Bank Limited (MEBL
-43.62 pts) were the top points contributors.
Selected Sector Performance
Technology and Communication sector lost -1.73% in its cumulative market capitalization. Systems Limited (SYS -
2.03%), The Resource Group (TRG -1.48%) and Avenceon Limited (AVN -3.46%) all closed in red.