PSX Close: Index down by 29 points

August 24, 2022 (MLN): Pakistan sotck market witnessed range bound activity today as it swung between positive and negative poles throughout the session until finally settling in red at 43,337 level, down by 29 points DoD.

The market started off with a handsome gain and benchmark KSE-100 Index hit intra-day high of 43,685 levels. Unfortunately, the momentum could not be sustained as profit taking witnessed which pushed the index into the negative zone. However, fag-end buying at lower levels trimmed losses to some extend, a marlet closing note by Darson Securities cited.

The index traded in a range of 382.39 points or 0.88 percent of previous close, showing an intraday high of 43,685 and a low of 43,302 points.

Of the 97 traded companies in the KSE100 Index 34 closed up 61 closed down, while 2 remained unchanged. Total volume traded for the index was 116.05 million shares.

Sector wise, the index was let down by Cement with 52 points, Miscellaneous with 44 points, Inv. Banks / Inv. Cos. / Securities Cos. with 19 points, Food & Personal Care Products with 14 points and Textile Composite with 12 points.

The most points taken off the index was by PSEL which stripped the index of 40 points followed by LUCK with 24 points, DAWH with 18 points, FFC with 14 points and PPL with 14 points.

Sectors propping up the index were Technology & Communication with 51 points, Power Generation & Distribution with 42 points, Commercial Banks with 30 points, Fertilizer with 20 points and Glass & Ceramics with 18 points.

The most points added to the index was by SYS which contributed 46 points followed by ENGRO with 37 points, HUBC with 31 points, UBL with 15 points and TGL with 13 points.

All Share Volume decreased by 67.96 million to 256.48 Million Shares. Market Cap decreased by Rs13.54 billion.

Total companies traded were 342 compared to 341 from the previous session. Of the scrips traded 129 closed up, 184 closed down while 29 remained unchanged.

Total trades decreased by 9,734 to 107,186.

Value Traded decreased by Rs0.91 billion to Rs8.75 billion.

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