PSX Closing Bell: Misty Mountain Hop

May 18, 2021 (MLN): The Pakistan Stock Exchange (PSX) witnessed a rangebound session on Tuesday. The KSE-100 Index oscillated in both directions until finally ended the trading session in the green territory with a 185.51 point or 0.41 percent gain to close at 45,981.82.

The market climbed due to a decline in infection ratio and a record monthly high remittances of USD 2.8 billion for the month of April.

According to the closing report by Ismail Iqbal Securities, Pakistan equities continued bullish momentum as the cabinet is expected to approve IPPs payment today. Moreover, E&Ps also remained in the limelight as crude oil price continue to rise.

The Index traded in a range of 416.92 points or 0.91 percent of the previous close, showing an intraday high of 46,034.46 and a low of 45,617.54.

Of the 97 traded companies in the KSE100 Index 50 closed up 42 closed down, while 5 remained unchanged. Total volume traded for the index was 216.31 million shares.

Sectors propping up the index were Oil & Gas Exploration Companies with 80 points, Oil & Gas Marketing Companies with 74 points, Food & Personal Care Products with 34 points, Technology & Communication with 30 points and Fertilizer with 18 points.

The most points added to the index was by PSO which contributed 50 points followed by TRG with 43 points, UNITY with 37 points, MARI with 31 points and PPL with 21 points.

Sector wise, the index was let down by Commercial Banks with 25 points, Textile Composite with 10 points, Inv. Banks / Inv. Cos. / Securities Cos. with 8 points, Cement with 7 points and Refinery with 6 points.

The most points taken off the index was by BAHL which stripped the index of 26 points followed by LUCK with 15 points, MCB with 14 points, SYS with 13 points and ANL with 12 points.

All Share Volume increased by 99.34 Million to 536.79 Million Shares. Market Cap increased by Rs.33.49 Billion.

Total companies traded were 404 compared to 405 from the previous session. Of the scrips traded 195 closed up, 190 closed down while 19 remained unchanged.

Total trades increased by 30,831 to 174,212.

Value Traded increased by 2.78 Billion to Rs.23.10 Billion

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