Don't Stop Believin': KSE100 Index gains 0.81%

February 07, 2023 (MLN): The benchmark KSE100 index ended the trading session on Tuesday with a 331.99 point or 0.81% gain to close at 41,522.76.

Ms.Sana Twfiq, Research Analyst at Arif Habib Limited (AHL) said, “The bullish trend at Pakistan Stock Exchange prevailed on the news regarding settlement of circular debt of state-owned energy enterprises.”

She further added, another positive news regarding approval for the release of the ninth tranche under IMF’s Extended Fund Facility (EFF) played a role in the bullish trend.

The Index remained positive throughout the session touching an intraday high of 41,767.67

Of the 95 traded companies in the KSE100 Index 51 closed up 39 closed down, while 5 remained unchanged. Total volume traded for the index was 156.31 million shares.

Sectors propping up the index were Technology & Communication with 166 points, Oil & Gas Exploration Companies with 132 points, Commercial Banks with 69 points, Pharmaceuticals with 16 points and Power Generation & Distribution with 11 points.

The most points added to the index was by SYS which contributed 126 points followed by OGDC with 118 points, TRG with 41 points, MEBL with 18 points and MARI with 17 points.

Sector wise, the index was let down by Fertilizer with 24 points, Cement with 23 points, Inv. Banks / Inv. Cos. / Securities Cos. with 6 points, Oil & Gas Marketing Companies with 6 points and Refinery with 5 points.

The most points taken off the index was by ENGRO which stripped the index of 28 points followed by POL with 20 points, PSO with 13 points, LUCK with 11 points and UPFL with 9 points.

All Share Volume increased by 119.87 Million to 296.60 Million Shares. Market Cap increased by Rs.51.09 Billion.

Total companies traded were 357 compared to 339 from the previous session. Of the scrips traded 185 closed up, 144 closed down while 28 remained unchanged.

Total trades increased by 41,342 to 149,966.

Value Traded increased by 3.73 Billion to Rs.12.52 Billion.

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