PSX Closing Bell: The New Normal

August 30, 2021 (MLN): After four straight days of the bearish spell, the Pakistan Stock Exchange reversed its trend on Monday as the benchmark KSE-100 index gained 229 points to settle at 47,365-level.

The Index remained positive throughout the session touching an intraday high of 47,468.14.

The refinery sector saw a renewed interest on the back of market rumors suggesting that the government of Pakistan has finalized the Pakistan Oil Refinery Policy 2021, a market closing note by Topline Securities cited.

Of the 94 traded companies in the KSE100 Index 58 closed up 34 closed down, while 2 remained unchanged. Total volume traded for the index was 147.18 million shares.

Sectors propping up the index were Power Generation & Distribution with 76 points, Refinery with 43 points, Oil & Gas Exploration Companies with 42 points, Cement with 41 points and Fertilizer with 35 points.

The most points added to the index was by HUBC which contributed 75 points followed by ENGRO with 31 points, OGDC with 26 points, PPL with 22 points and TRG with 17 points.

Sector wise, the index was let down by Commercial Banks with 110 points, Tobacco with 4 points, Close - End Mutual Fund with 1 points, Cable & Electrical Goods with 1 points and Engineering with 1 points.

The most points taken off the index was by MEBL which stripped the index of 49 points followed by HBL with 38 points, MCB with 14 points, MARI with 11 points and UBL with 10 points.

All Share Volume increased by 0.27 Million to 382.65 Million Shares. Market Cap increased by Rs.21.18 Billion.

Total companies traded were 605 compared to 469 from the previous session. Of the scrips traded 309 closed up, 200 closed down while 96 remained unchanged.

Total trades decreased by 131,109 to 0.

Value Traded decreased by 0.96 Billion to Rs.12.33 Billion

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