PSX Closing Bell: Everything's Not Lost

Aug 04, 2021 (MLN): The domestic equity market witnessed a range bound trading session on Wednesday owing to the lack of positive triggers. Investors’ interest remained subdue on the back of substantial decline of 19.4% in cement sales during July’21.

However, IMF revised SDR allocation and surging vaccination activity managed to add 31.56 points to the benchmark KSE100 index to close at 47,789.88.

The Benchmark KSE100 index ended the trading session on Wednesday with a 31.56 point or 0.07 percent gain to close at 47,789.88.

The Index traded in a range of 270.01 points or 0.57 percent of previous close, showing an intraday high of 47,979.89 and a low of 47,709.88.

Of the 98 traded companies in the KSE100 Index 46 closed up 49 closed down, while 3 remained unchanged. Total volume traded for the index was 165.23 million shares.

Sectors propping up the index were Commercial Banks with 56 points, Oil & Gas Marketing Companies with 17 points, Chemical with 13 points, Food & Personal Care Products with 8 points and Inv. Banks / Inv. Cos. / Securities Cos. with 5 points.

The most points added to the index was by ANL which contributed 19 points followed by MEBL with 19 points, HBL with 19 points, SNGP with 17 points and POL with 16 points.

Sector wise, the index was let down by Cement with 28 points, Technology & Communication with 21 points, Refinery with 15 points, Pharmaceuticals with 8 points and Engineering with 5 points.

The most points taken off the index was by TRG which stripped the index of 16 points followed by PPL with 9 points, GATM with 9 points, DGKC with 9 points and BAHL with 8 points.

All Share Volume increased by 89.74 Million to 532.95 Million Shares. Market Cap increased by Rs.14.95 Billion.

Total companies traded were 492 compared to 482 from the previous session. Of the scrips traded 229 closed up, 237 closed down while 26 remained unchanged.

Total trades increased by 6,599 to 162,559.

Value Traded decreased by 1.04 Billion to Rs.15.15 Billion

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