KSE-100 falls 0.95% to 177,373.76, a second straight decline, as 316 names fall and Cement and Commercial Banks slide
KSE-100
177,373.76
-0.95%
KSE-30
51,735.02
-0.95%
KMI-30 (Shariah)
253,872.99
-0.86%
All-Share
106,122.87
-0.79%
Market Pulse
Thursday's 1,070m tape was down from Wednesday's 1,248m and up from Tuesday's 972m, the third heaviest since the start of September, behind Friday's 1,480m and Wednesday's 1,248m. 535m was traded in advancing names against 527m in declining ones and 8m in unchanged names. WTL and TISL together took 338m. The ten busiest names were WTL, up 2.46% to Rs 1.25 on 191m, TISL, down 4.97% to Rs 5.93 on 147m, FNEL, up 2.50% to Rs 1.23 on 55m, KEL, up 1.62% to Rs 6.26 on 35m, LSEFSL, up 3.51% to Rs 2.36 on 34m, TSBL, up 1.80% to Rs 2.26 on 30m, HASCOL, up 1.39% to Rs 17.55 on 23m, PAEL, up 1.02% to Rs 35.80 on 21m, BOP, down 1.23% to Rs 31.23 on 21m, and NGLEL, down 1.90% to Rs 14.98 on 19m. Others included TREET, up 4.83% to Rs 26.25 on 19m, TPLP, down 4.50% to Rs 12.51 on 19m, CNERGY, down 1.53% to Rs 11.59 on 17m, DSL, up 8.95% to Rs 4.99 on 16m and BAPL, up 2.87% to Rs 19.34 on 16m, with MLCF down 1.13% to Rs 104.08. Cement fell with 17 of its 19 names lower, MLCF, DGKC, FCCL and LUCK among them, and Commercial Banks with 18 of 19 lower, NBP down 2.93%, BOP 1.23%, UBL 1.02% and HBL 0.83%. OGDC, PPL, HBL, UBL, MCB, MEBL, LUCK, HUBC and PSO all closed lower, while MARI rose 2.44% to Rs 680.06. PASL rose a seventh straight day, 10.04% to Rs 10.96, which is 176.77% above 2nd November's Rs 3.96. At the extremes, 23 names closed up 9.9% or more against nine down by that much: ANLNV led at 11.18% with SIBL at 10.49% and PASL at 10.04%, while the largest losers were PINLR, a rights line, at 43.48% to Rs 0.26, CLCPS at 13.76% and HIRAT at 10.53%.
Sector micro-analysis
Cement: MLCF -1.13%, DGKC -1.77%, FCCL -0.89%, LUCK -1.95% Oil & Gas Exploration Companies: MARI 2.44%, PPL -1.57%, OGDC -0.85%, POL -0.04% Commercial Banks: NBP -2.93%, UBL -1.02%, BOP -1.23%, HBL -0.83% Oil & Gas Marketing Companies: PSO -1.72%, HASCOL 1.39%, SNGP -1.11%, SSGC -2.21% Technology & Communication: TRG -2.53%, SYS -2.66%, WTL 2.46%, ITANZ 2.81% Automobile Assembler: SAZEW -0.04%, GHNI 2.85%, GAL -0.73%, MTL 1.52% Power Generation & Distribution: HUBC -1.75%, NGLEL -1.90%, NCPL -1.05%, KEL 1.62% Refinery: PRL -1.63%, NRL -1.81%, CNERGY -1.53%, ATRL -0.54% Fertilizer: FFC -0.67%, EFERT -0.34%, FATIMA -1.77%, AHCL -0.73% Food & Personal Care Products: TREET 4.83%, MUREB -1.11%, FFL 1.97%, NATF 1.75%
| Sector | Avg change | Breadth (A / D) |
|---|---|---|
| Leather & Tanneries | +2.94% | 5 / 1 |
| Apparel | +2.58% | 2 / 2 |
| Miscellaneous | +2.49% | 9 / 8 |
| Textile Weaving | +1.68% | 3 / 3 |
| Refinery | -1.38% | 0 / 4 |
| Modarabas | -1.82% | 6 / 12 |
| Insurance | -2.32% | 6 / 19 |
Most active
- WTL 191m Rs 1.25 +2.46%
- TISL 147m Rs 5.93 -4.97%
- FNEL 55m Rs 1.23 +2.50%
- KEL 35m Rs 6.26 +1.62%
- LSEFSL 34m Rs 2.36 +3.51%
Gainers
- ANLNV Rs 8.55 +11.18%
- SIBL Rs 10.53 +10.49%
- PASL Rs 10.96 +10.04%
- CFL Rs 76.84 +10.01%
- PRWM Rs 61.02 +10.01%
Losers
- PINLR Rs 0.26 -43.48%
- CLCPS Rs 3.76 -13.76%
- HIRAT Rs 4.25 -10.53%
- UCAPM Rs 20.76 -10.01%
- JKSM Rs 372.26 -10.00%
Market Action
Participant flows: The internals read as a broad decline: 316 decliners against 154 advancers, 22 of 33 sectors lower, with 18 of 19 Commercial Banks and 17 of 19 Cement names lower, though 535m was traded in advancing names against 527m in declining ones. The last foreign figure on record is 11th November's net sell of PKR 1,222.01m, which followed Tuesday's PKR 1,689.11m net buy.
Outlook
- •The index fell 0.95% to 177,373.76, its second straight fall and steepest since 22nd October's 1.21%, leaving it 1.09% below Tuesday's 179,335.24 close, though it remains 2.01% above last Friday, 9.24% above the 23rd October closing low and above every close from 31st August to 6th November.
- •Breadth was weak, 316 decliners against 154 advancers and 22 of 33 sectors lower, with Cement down in 17 of 19 names and Commercial Banks in 18 of 19, though a near-even 535m traded in advancing names against 527m in declining ones.
- •WTL, up 2.46% on 191m, and TISL, down 4.97% on 147m, took 338m of a 1,070m tape, while PASL rose a seventh straight day and PINLR, a rights line, fell 43.48%.
What to watch
- •Whether the index holds above 1st September's 176,466.99 - Thursday's 177,373.76 was 0.51% above it
- •Whether Commercial Banks and Cement stabilise - banks fell 1.18% with 18 of 19 names lower and Cement 0.83% with 17 of 19 lower
- •Whether a tape above 1,000m holds - Thursday's 1,070m was led by WTL on 191m and TISL on 147m
- •Whether foreign selling continues - Wednesday's PKR 1,222.01m net sell followed Tuesday's PKR 1,689.11m net buy that ended thirteen straight net sells
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