Karachi, March 09, 2021: The KSE 100 index continued its bearish momentum from yesterday to close the day at 44,222 (down 1.84 percent). The selling today can be attributable to the SBP autonomy bill, withdrawal of income tax exemptions and rising bond yields.
Investors focus remained on the upcoming monetary policy expected to be announced in the latter half of this month after which UBL, MCB, HBL & BAHL closed the day in the green and positively contributed ~47 points to the benchmark index.
The major laggards in today’s session were TRG, SYS, DGKC, LUCK & PSO who cumulatively dented the index by ~271 points.
On the volume front, daily traded volume and value clocked in at 492.285 million shares (up 7.06 percent DoD) and Rs23.43 billion (down 5.33 percent DoD) respectively.
The volume leader for today’s session was GGL with 41.23 million shares amid announcement which states that that the company has decided to enter into the green energy technology business with an estimated cost of Rs3.2 billion after which the stock closed the day at Rs22.84/share (up 7.53 percent).
