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PSX Close: KSE100 Index Down 300 Points

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September 20, 2022 (MLN): The local bourse remained under pressure today, where the benchmark KSE-100 index oscillated both ways, and finally concluded in the red zone.

The choppy behavior of the market was on the back of PKR depreciation against USD which continued to spoil investor sentiments on the local bourse.

Initially, market opened on a positive but concerns about rupee to come under further strain, managing the flood damage, high inflation and uncertain political situation dampened investor sentiments, led the market closed down by 300 points to settle at 41,221 level.

The Index traded in a range of 565.54 points or 1.36 percent of previous close, showing an intraday high of 41,643.00 and a low of 41,077.46.

Of the 94 traded companies in the KSE100 Index 24 closed up 68 closed down, while 2 remained unchanged. Total volume traded for the index was 86.16 million shares.

Sector wise, the index was let down by Oil & Gas Exploration Companies with 123 points, Technology & Communication with 58 points, Commercial Banks with 28 points, Power Generation & Distribution with 24 points and Cement with 23 points.

The most points taken off the index was by PPL which stripped the index of 80 points followed by TRG with 42 points, OGDC with 35 points, LUCK with 27 points and UBL with 16 points.

Sectors propping up the index were Inv. Banks / Inv. Cos. / Securities Cos. with 18 points, Chemical with 11 points, Automobile Parts & Accessories with 7 points, Automobile Assembler with 6 points and Real Estate Investment Trust with 1 points.

The most points added to the index was by DAWH which contributed 18 points followed by EPCL with 14 points, BAHL with 12 points, MTL with 10 points and THALL with 7 points.

All Share Volume increased by 8.36 Million to 156.57 Million Shares. Market Cap decreased by Rs.58.59 Billion.

Total companies traded were 322 compared to 331 from the previous session. Of the scrips traded 95 closed up, 204 closed down while 23 remained unchanged.

Total trades decreased by 1,265 to 90,160.

Value Traded decreased by 1.85 Billion to Rs.5.67 Billion

Company Volume

Top Ten by Volume

K-Electric 18,418,000
TPL Properties 14,436,246
TRG Pakistan 14,352,832
Worldcall Telecom 9,876,000
Engro Polymer & Chemicals 9,160,708
Hascol Petroleum 8,874,500
Cnergyico PK 6,331,288
Ghani Global Holdings 5,746,423
Pakistan Petroleum 4,767,208
G3 Technologies 3,307,500


Sector Volume

Top Sector by Volume

Technology & Communication 31,490,895
Power Generation & Distribution 23,320,040
Chemical 20,071,855
Property 14,791,746
Oil & Gas Marketing Companies 12,737,010
Refinery 9,680,533
Cement 7,814,865
Oil & Gas Exploration Companies 6,489,255
Food & Personal Care Products 6,410,321
Commercial Banks 4,899,020



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Posted on:2022-09-20T19:21:35+05:00