PSX Closing Bell: Lifting Shadows Off a Dream

May 17, 2021 (MLN): Bulls continue to steer the market today as the benchmark KSE-100 index closed the session at 45,796 level, after gaining 622 points or up by 1.38% compared to the previous trading.

The positivity in the market was attributed to a decline in Covid-19 cases.

In addition, investors also cheered MSCI Rebalancing in which the additions namely, LUCK and TRG fetched buying interest, while OGDC which deleted from the MSCI EM index witnessed some selling pressure today.

Furthermore, Construction sector allied industries (Cement, Steel, etc) remained in limelight today as FBR reported details of projects under the amnesty scheme.

The Index remained positive throughout the session touching an intraday high of 45,807.49

Of the 95 traded companies in the KSE100 Index 63 closed up 26 closed down, while 6 remained unchanged. Total volume traded for the index was 201.90 million shares.

Sectors propping up the index were Cement with 200 points, Technology & Communication with 140 points, Fertilizer with 55 points, Food & Personal Care Products with 40 points and Textile Composite with 35 points.

The most points added to the index was by TRG which contributed 135 points followed by LUCK with 94 points, UNITY with 34 points, MCB with 32 points and MLCF with 24 points.

Sector-wise, the index was let down by Oil & Gas Exploration Companies with 61 points, Synthetic & Rayon with 2 points, Paper & Board with 1 points and Leather & Tanneries with 1 points.

The most points taken off the index was by OGDC which stripped the index of 65 points followed by PPL with 19 points, HBL with 8 points, NRL with 8 points and BAFL with 6 points.

All Share Volume increased by 191.81 Million to 437.45 Million Shares. Market Cap increased by Rs.68.07 Billion.

Total companies traded were 405 compared to 358 from the previous session. Of the scrips traded 278 closed up, 105 closed down while 22 remained unchanged.

Total trades increased by 67,198 to 143,381.

Value Traded increased by 10.85 Billion to Rs.20.32 Billion

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