KARACHI: Pakistan equities lost 313 points on Monday owing to lackluster trading activity during the day.
The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) ended at 45,363 points from last Friday’s closing of 45,676 points, showing a decline of 313 points.
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Analysts at Topline Securities said that Pakistan equities started the week with lackluster activity.
During trading hours, the KSE-100 index lingered in a negative zone most of the day because of dismal investors’ sentiment.
During the day, the KSE 100 index made an intraday low at 45,342 level (-334 points; down 0.74 per cent) and eventually settled at 45,363 level (-313 points; down 0.69 per cent) for the day.
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On corporate announcement front, Meezan Bank Limited disclosed its year 2021 result where the bank posted earnings of Rs. 17.35, an improvement of 26 per cent over YoY, along with the final cash dividend of Rs. 1.50, making total cash payout of Rs. 6 for the calendar year. The aforesaid result was better than expectation due to higher than anticipated Net Spread Earned and Fee Commission Income.
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In addition to this, Nishat Mills Limited (NML) also declared its half yearly 2021/2022 accounts where earning per shares (EPS) clocked in at Rs. 15.9 an improvement of 216 per cent YoY. The company didn’t announced any payout with the result.
Bank, Tech, Cement and E&P sectors’ stocks saw some selling today where MEBL, TRG, LUCK and MARI contributed negatively by losing 97 points. On the flip side, BAHL, DCR and FATIMA added 20 points collectively, today.
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About 138 million shares traded today while total value clocked in at Rs. 3.6 billion. WTL was volume leader of the day with 19.1 million shares traded in it, today.
