MARKET CLOSING - 16TH AUG 2021

On 16-August-2021, the KSE-100 index observed a retracement on the back of political turbulence. The benchmark index suffered from a panic sell during the early stages of the day as the index fell up to 46,672.19pts. The key index managed to recover into the later stages of the day, closing at 46,912.79(-257.05/-0.54%DOD). The all share index volumes stood at 252mln(18%DOD). The lackluster volumes are portraying investor cautious sentiment over Pakistan’s equity market, and we anticipate the volume to remain the same before any dominant trend emerges. The volume leaders for today were WTL(22mln), TELE(19mln), TRG(14mln), ANL(13mln) and TREET(13mln)