PSX Closing Bell: The Fragile

August 10, 2021 (MLN): The benchmark index on Tuesday ended marginally higher in the range-bound session, after recording an intraday high of 47,272 (+148 points) and a low of 46,931 (-193). At close, the KSE-100 Index was up by 11.86 points (0.03%) to settle the trade at 47,135.48.

A slight decline in covid cases improved investors’ sentiments at the local bourse while the Pak-Afghan tensions kept the market's gains in check, a market closing note by Topline Securities said.

On the economic front, workers' remittances continued their strong trend in the first month of FY22, standing at USD2.71 billion.

The Index traded in a range of 340.84 points or 0.72 percent of previous close.

Of the 98 traded companies in the KSE100 Index 51 closed up 43 closed down, while 4 remained unchanged. Total volume traded for the index was 128.47 million shares.

Sectors propping up the index were Food & Personal Care Products with 26 points, Cement with 20 points, Pharmaceuticals with 11 points, Textile Composite with 10 points and Engineering with 10 points.

The most points added to the index was by LUCK which contributed 22 points followed by ENGRO with 15 points, FCEPL with 14 points, TRG with 12 points and UNITY with 11 points.

Sector wise, the index was let down by Power Generation & Distribution with 23 points, Commercial Banks with 16 points, Chemical with 13 points, Inv. Banks / Inv. Cos. / Securities Cos. with 10 points and Miscellaneous with 4 points.

The most points taken off the index was by MCB which stripped the index of 18 points followed by COLG with 17 points, HUBC with 16 points, DAWH with 14 points and SYS with 11 points.

All Share Volume increased by 32.74 Million to 370.04 Million Shares. Market Cap increased by Rs.5.82 Billion.

Total companies traded were 475 compared to 469 from the previous session. Of the scrips traded 224 closed up, 228 closed down while 23 remained unchanged.

Total trades increased by 4,557 to 125,337.

Value Traded increased by 0.75 Billion to Rs.12.09 Billion

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