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YHSL Market Wrap Report 22-09-2021

Market endured another round of bearish cycle on Wednesday, with the benchmark KSE 100 index falling below
45,000 level for the first time since May’21. Hike in interest rate by State Bank of Pakistan and further monetary
tightening in Pakistan as signaled by the central bank in its monetary policy announcement dented investor’s
confidence.
Index Performance
Accumulating 23.04 pts the benchmark KSE 100 index recorded intraday high of 46,031.89. It declined to day’s low of
44,788.17 with a huge loss of 1,220.68 pts. The index took a recovery of 800 pts and closed at 45,597.24 with a loss
of 411.61 pts. The KMI 30 index declined by 627.98 pts closing at 72,623.81 with a negative change of -0.86%. While
KSE All Share Index fell shorten by 343.16 pts settling at 31,147.48. Equity market around the world showed mixed
performance.
Volumes for the day
Overall KSE-100 market volume inched up the highest from 132 mn shares on Tuesday to 227 mn shares traded
today. Highest participation was witnessed by World Call Telecom Limited (WTL -4.18%), Azgard Nine Limited (ANL -
6.67%) and Hum Network Limited (HUMNL -6.58%). The scripts had 90.96 mn shares, 36.17 mn shares and 34.05 mn
shares traded, respectively.
Contributors to KSE100
Sectors dragged the KSE 100 index downwards were Technology and Communication Sector (-81.52 pts), Oil & Gas
Exploration Companies (-43.26 pts) and Textile Composite (-42.75).Company-wise, The Resource Group (TRG -40.42
pts), Systems Limited (SYS -40.35 pts) and Habib Bank Limited (HBL -26.48 pts) were the top negative points
contributors.
Selected Sector Performance
The Refinery sector lost 4.96% from its cumulative market capitalization. Byco Petroleum Pakistan Limited (BYCO -
4.68%), National Refinery Limited (NRL -5.83%), Attock Refinery Limited (ATRL -4.4%) and Pakistan Refinery Limited
(PRL -4.87%) all closed in red.