PSX Closing Bell: Bitter Sweet Symphony

August 05, 2022 (MLN): Pakistan equities remained bullish throughout the day owing to the positive triggers as the KSE-100 index closed today's trading session at 42,096.24 with a gain of 670.87 points, witnessing an intraday high of 42,167.48. 

The positivity across the trading floor stemmed from the drop in oil prices in the international market. Meanwhile, clarity on the political front, a strong appreciation of PKR against the US dollar and positive development on IMF front have boosted investors' confidence. 

Of the 95 traded companies in the KSE100 Index 81 closed up 12 closed down, while 2 remained unchanged. The total volume traded for the index was 198.13 million shares.

Sectors propping up the index were Commercial Banks with 181 points, Cement with 133 points, Automobile Assembler with 43 points, Refinery with 40 points, and Oil & Gas Marketing Companies with 39 points.

The most points added to the index were by UBL which contributed 59 points followed by HBL with 40 points, LUCK with 40 points, PSO with 34 points, and MTL with 29 points.

The most points taken off the index was by MARI which stripped the index of 9 points followed by EFERT with 7 points, POL with 5 points, ICI with 3 points, and MEBL with 2 points.

All share volume increased by 131.25mn to 406.68mn shares. Market Cap increased by Rs86.88 billion.

Total companies traded were 345 compared to 343 from the previous session. Of the scrips traded 264 closed up, 58 closed down while 23 remained unchanged.

Total trades increased by 50,995 to 175,061.

Value Traded increased by 3.7bn to Rs11.64bn

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