PSX Closing Bell: Dancing Days

March 17, 2021 (MLN): Bulls were in complete command at the Pakistan Stock market on Wednesday as the benchmark KSE-100 Index darted up for the fourth straight session gaining 2,670.55 points or 6.24% in the process.

The index continued the positive momentum and closed the trading session at 45,450.31, up by 593.25 points or 1.32 percent gain as political uncertainty subsided amid postponement of the long march of the opposition alliance scheduled for March 26, 2021 helped increase investors’ confidence.

On the economic front, PKR appreciated by 97 paisa against US Dollar in today’s trade to close at 155.74 per USD on the back of better inflows and improved investors’ sentiments, indicating an increase in fresh domestic liquidity.

The Index remained positive throughout the session touching an intraday high of 45,541.04.

Of the 96 traded companies in the KSE100 Index 75 closed up 15 closed down, while 6 remained unchanged. Total volume traded for the index was 263.13 million shares.

Sectors propping up the index were Commercial Banks with 175 points, Technology & Communication with 94 points, Cement with 59 points, Oil & Gas Exploration Companies with 50 points and Fertilizer with 40 points.

The most points added to the index was by TRG which contributed 100 points followed by UBL with 59 points, HBL with 45 points, PPL with 24 points and MCB with 23 points.

Sector wise, the index was let down by Tobacco with 8 points, Synthetic & Rayon with 1 points and Paper & Board with 1 points.

The most points taken off the index was by SYS which stripped the index of 7 points followed by AICL with 6 points, KAPCO with 5 points, PMPK with 5 points and HUBC with 4 points.

All Share Volume increased by 101.92 Million to 510.38 Million Shares. Market Cap increased by Rs.109.52 Billion.

Total companies traded were 415 compared to 405 from the previous session. Of the scrips traded 320 closed up, 76 closed down while 19 remained unchanged.

Total trades increased by 24,172 to 178,214.

Value Traded increased by 4.81 Billion to Rs.24.80 Billion

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