PSX Closing Bell: Flying High Again

August 04, 2022 (MLN): Following yesterday’s positive momentum, the domestic equities on Thursday closed the trading session in green due to the rupee strengthening and rollover of $2 billion SAFE deposits by China along with a decline in international oil prices.

Making an intraday high of 561 points, the benchmark KSE-100 Index settled the trade at 41,425.37, up by 356.50 or 0.87% DoD.

Of the 93 traded companies in the KSE100 Index 62 closed up 27 closed down, while 4 remained unchanged. The total volume traded for the index was 114.51 million shares.

Sectors propping up the index were Commercial Banks with 132 points, Cement with 77 points, Fertilizer with 26 points, Textile Composite with 25 points and Oil & Gas Marketing Companies with 20 points.

The most points added to the index was by MCB which contributed 41 points followed by LUCK with 30 points, HBL with 28 points, MEBL with 23 points and FFC with 22 points.

Sector-wise, the index was let down by Chemical with 10 points, Refinery with 7 points, Inv. Banks / Inv. Cos. / Securities Cos. with 4 points, Close-End Mutual Fund with 3 points and Pharmaceuticals with 2 points.

The most points taken off the index was by COLG which stripped the index of 9 points followed by SYS with 8 points, POL with 7 points, ENGRO with 7 points and JVDC with 6 points.

All Share Volume decreased by 57.60 Million to 275.43 Million Shares. Market Cap increased by Rs.34.38 Billion.

Total companies traded were 343 compared to 348 from the previous session. Of the scrips traded 212 closed up, 107 closed down while 24 remained unchanged.

Total trades decreased by 13,281 to 124,066.

Value Traded decreased by 2.11 Billion to Rs.7.90 Billion

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