PSX Closing Bell: Is there anybody out there?

Jul 13, 2021 (MLN): The local bourse witnessed a dull trading session today as the benchmark KSE-100 index accelerated to an intraday high of 47,585.18 points and slid to an intraday low of 47,439.89 points, moving within a range of 145.29 points and closing the session in consolidation.

Market participants initially cheered a higher remittance number for June 2021 (up 8% MOM) but COVID related concerns coupled with the Afghan conflict continued to keep the market gains in check, as per market closing note by Topline Securities.

Accordingly, the Benchmark KSE100 index ended the trading session with a gain of 33.42 points to close at 47,480.50.

Of the 97 traded companies in the KSE100 Index 47 closed up 44 closed down, while 6 remained unchanged. Total volume traded for the index was 102.46 million shares.

Sectors propping up the index were Technology & Communication with 36 points, Inv. Banks / Inv. Cos. / Securities Cos. with 25 points, Commercial Banks with 17 points, Fertilizer with 13 points and Paper & Board with 8 points.

The most points added to the index was by PSX which contributed 21 points followed by SYS with 18 points, TRG with 16 points, BAHL with 16 points and CEPB with 8 points.

Sector wise, the index was let down by Oil & Gas Exploration Companies with 17 points, Automobile Assembler with 15 points, Power Generation & Distribution with 10 points, Food & Personal Care Products with 10 points and Oil & Gas Marketing Companies with 9 points.

The most points taken off the index was by PPL which stripped the index of 10 points followed by MCB with 9 points, KAPCO with 8 points, OGDC with 7 points and COLG with 7 points.

All Share Volume increased by 21.83 Million to 496.82 Million Shares. Market Cap increased by Rs.1.62 Billion.

Total companies traded were 412 compared to 412 from the previous session. Of the scrips traded 172 closed up, 222 closed down while 18 remained unchanged.

Total trades increased by 18,203 to 148,132.

Value Traded increased by 1.92 Billion to Rs.16.24 Billion

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