PSX Close: Index Gains 139 Points

September 12, 2022 (MLN): Domestic equities remained range bound throughout the day today owing to lack of fresh triggers.

The market opened on a positive note, however it continued to trade in a consolidated range as investor’s participation remained dull due to prevailing uncertainty on the damages caused from flash floods followed by weakening of Pak rupee against US dollar.

In the last trading hours, buying activity was witnessed which led the index to close above the psychological barrier of 42K, after gaining 139 points and setted at 42,001 points level.

The Index remained positive throughout the session touching an intraday high of 42,091.38

Of the 93 traded companies in the KSE100 Index 46 closed up 43 closed down, while 4 remained unchanged. Total volume traded for the index was 62.48 million shares.

Sectors propping up the index were Commercial Banks with 75 points, Automobile Assembler with 36 points, Cement with 28 points, Power Generation & Distribution with 22 points and Textile Composite with 9 points.

The most points added to the index was by UBL which contributed 43 points followed by MTL with 37 points, MEBL with 21 points, HUBC with 18 points and HBL with 16 points.

Sector wise, the index was let down by Technology & Communication with 18 points, Oil & Gas Exploration Companies with 15 points, Fertilizer with 11 points, Automobile Parts & Accessories with 4 points and Oil & Gas Marketing Companies with 3 points.

The most points taken off the index was by SYS which stripped the index of 24 points followed by FFC with 15 points, EFERT with 8 points, OGDC with 7 points and POL with 7 points.

All Share Volume decreased by 42.91 million to 118.51 million Shares. Market Cap increased by Rs.13.88 Billion.

Total companies traded were 324 compared to 323 from the previous session. Of the scrips traded 145 closed up, 151 closed down while 28 remained unchanged.

Total trades decreased by 8,912 to 64,348.

Value Traded decreased by Rs1.96 billion to Rs3.87 billion

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