MARKET CLOSING - 7TH SEP 2021

Pakistan bourse continued to remain under pressure, as the benchmark index continued its bearish momentum from yesterday. Although Pakistan FOREX reserve recorded an all-time high liquidity and the export of home textile, rice and cotton garments increased significantly, the key index observed a negative sentiment, on the back of higher current account deficit and escalating inflation. The benchmark index recorded a high 46,994.84,in the early hours of the session, and a low of 46,617.98. The KSE 100 index closed at 46,729.96pts(-0.40%), shredding 188.56 pts. The all share saw a volume 424mln, depicting investor caution towards trading. We anticipate the volumes to remain lackluster before any dominant trend emerges. The volume leader for today were TPL( 42mln), KOSM(34mln), PIAA( 30mln), WTL(29mln) and BYCO(24mln).