Finance

KSE100 ended the session with a loss of 108 points

Karachi, September 20, 2021: After remaining bearish for the better part of the day, the KSE100 ended the session with a loss of 108 points at 46,528 level. The market traded between a high and a low of +55 points (46,691) and a low of -421 (46,215) points.

Major contributors to total volume of 195 million shares were TELE (-0.2 percent), WTL (-1.8 percent), BYCO (-1.5 percent), TRG (+0.5 percent) & TPLP (+2.3 percent). NML announced its financial result for FY21, reporting consolidated earnings of Rs28.15 per share along with a cash payout of Rs4 per share.

AGHA from the steel sector announced its FY21 result posting an EPS of Rs3.80 along with a bonus issue of 5 percent. Moreover, TGL also announced its financial result wherein the company reported earnings of Rs15.31 for FY21 along with a dividend of Rs12 per share.

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The cement sector recovered today where PIOC (+1.7 percent), CHCC (+0.5 percent), MLCF (+0.1 percent) & LUCK (+0.7 percent) closed in the green zone. Going forward, we recommend investors to remain cautious with 25bps increase announced in the Policy Rate after market hours.

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