MARKET CLOSING - 5TH OCT 2021

Pakistan Equities continue to remain under pressure during today’s session, as the index slashed 377.93 pts accumulating at 44,666.57. The session commenced on a positive note as the index noticed an uptick of 52.36 pts, however during the day investor sentiment dampened. The all share volume jumped to 334mln, portraying investor’s caution towards taking new exposure. The volume leaders for today were TELE (30mln), ANL(20mln), GGL(19mln) , WTL(18mln) & BYCO(13mln). On the economic front, the Rupee continues to depreciate against the greenback making record lows. The trade deficit continues to widen stemming from the vigorous consumer demand, heated commodity markets and currency erosion. To add fuel to the fir, Cement sector observed a dip of almost 6% in July-Sept.