PSX Closing Bell: KSE-100 index gains 33.08 points

November 25, 2022 (MLN): KSE-100 benchmark index gained 33.08 points (0.08%), to close at 42,936.73 points on Friday.

To note, the Monetary Policy Committee (MPC) of SBP decided to raise the policy rate by 100 basis points to 16%. 

While speaking to Mettis Link News, Ismail Iqbal Securities Head of Research Fahad Ruauf said, "PSX will come under pressure as SBP has increased interest rates, which will make fixed income asset class more attractive as compared to equities".

The benchmark KSE-100 index made an intraday high of 43,120.54 and an intraday low of 42,876.24 during the day.

By the session’s end, the total volumes of the KSE-100 index stood at 77.54mn shares, increased by 14.43% DoD from 66.35mn shares traded on Thursday.

In terms of sectors, most of the positive contributions came from fertilizer, miscellaneous, commercial banks, oil & gas exploration, and investment banks which cumulatively added 109.32 points to the index tally by the day’s end.

Out of 91 companies’ shares traded today 37 companies recorded gains and 49 companies sustained losses and five company share remains unchanged.

Meanwhile, the volume leaders on the benchmark index were CNERGY (8.42mn), LOTCHEM (7.91mn), TRG (7.25mn), HUBC (6.97mn), and AVN (3.94mn).

The scrips which gained the most during the session included: RMPL (4.51%), PSEL (7.50%), GADT (4.39%), INDU (0.96%), and MARI (0.30%). On the other hand, the stocks that emerged as net losers during the day included NESTLE (1.30%), COLG (0.79%), MUREB (1.80%), APL (1.21%), and LUCK (0.60%).

Copyright Mettis Link News