PSX Closing Bell: Draw the line

Jul 15, 2021 (MLN): Domestic equity market opened on a positive note today as the record high in SBP’s foreign exchange reserves has motivated investors’ sentiments.

However, increasing number of Covid-19 cases which took 24-hours positivity ratio above 4% mark and the political uncertainty in Afghan region have forced the investors to remain cautious across the local bourse.

Resultantly, the benchmark KSE100 index ended the trading session with a meagre gain of 136.79 points to close at 47,628.26.

The Index traded in a range of 347.58 points or 0.73 percent of previous close, showing an intraday high of 47,736.13 and a low of 47,388.55.

Of the 93 traded companies in the KSE100 Index 54 closed up 35 closed down, while 4 remained unchanged. Total volume traded for the index was 191.69 million shares.

Sectors propping up the index were Oil & Gas Exploration Companies with 41 points, Technology & Communication with 37 points, Commercial Banks with 26 points, Food & Personal Care Products with 22 points and Oil & Gas Marketing Companies with 19 points.

The most points added to the index was by OGDC which contributed 28 points followed by TRG with 26 points, BAFL with 16 points, UNITY with 15 points and PSO with 13 points.

Sector wise, the index was let down by Tobacco with 21 points, Inv. Banks / Inv. Cos. / Securities Cos. with 19 points, Fertilizer with 13 points, Leather & Tanneries with 4 points and Textile Composite with 4 points.

The most points taken off the index was by PAKT which stripped the index of 21 points followed by PSX with 15 points, HBL with 9 points, FFC with 8 points and NML with 6 points.

All Share Volume decreased by 1.99 Million to 506.30 Million Shares. Market Cap increased by Rs.13.65 Billion.

Total companies traded were 425 compared to 435 from the previous session. Of the scrips traded 234 closed up, 174 closed down while 17 remained unchanged.

Total trades decreased by 3,326 to 144,323.

Value Traded decreased by 0.56 Billion to Rs.15.48 Billion

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