August 19, 2022 (MLN): Bears dominated the Pakistan Stock Exchange (PSX) on Friday as it witnessed range bound activity throughout the sessions today, leading the index to close negative, at 43,270 level, down by 211 points or 0.48% DoDIndices slipped lower and lower for most part of the day while volumes fell from last close. As per analysts, investors preferred to stay on the sidelines as they remained skeptical of deteriorating economic indicators.
The index commenced trading on a positive note, touching an intraday high of 43,531 points. However, the benchmark could not sustain the momentum as investors remained cautious and avoided to take fresh positions due to upcoming Monetary policy announcement.
The Index traded in a range of 300.38 points or 0.69 percent of previous close, showing an intraday high of 43,533.12 and a low of 43,232.74 points.
Of the 94 traded companies in the KSE100 Index 23 closed up 63 closed down, while 8 remained unchanged. Total volume traded for the index was 113.55 million shares.
Sector wise, the index was let down by Commercial Banks with 82 points, Cement with 49 points, Power Generation & Distribution with 33 points, Tobacco with 11 points and Oil & Gas Exploration Companies with 10 points.
The most points taken off the index was by UBL which stripped the index of 40 points followed by HUBC with 30 points, HMB with 27 points, LUCK with 22 points and BAFL with 14 points.
Sectors propping up the index were Technology & Communication with 22 points, Insurance with 5 points, Paper & Board with 4 points, Food & Personal Care Products with 2 points and Real Estate Investment Trust with 2 points.
The most points added to the index was by SYS which contributed 14 points followed by EPCL with 9 points, TRG with 9 points, BOP with 6 points and MEBL with 6 points.
All Share volume decreased by 315.01mn to 306.21mn shares. Market Cap decreased by Rs32.85 billion.
Total companies traded were 323 compared to 347 from the previous session. Of the scrips traded 110 closed up, 185 closed down while 28 remained unchanged.
Total trades decreased by 60,631 to 97,066.
Value Traded decreased by Rs4.10 billion to Rs6.39 billion.
|The Bank of Punjab||19,140,500|
|Nishat Chunian Power||13,349,500|
|Pervez Ahmed Consultancy Services Ltd.||8,435,000|
|National Bank of Pakistan||7,839,500|
|Oil & Gas Marketing Companies||74,711,925|
|Power Generation & Distribution||36,294,070|
|Technology & Communication||34,628,202|
|Food & Personal Care Products||14,598,083|
|Inv. Banks / Inv. Cos. / Securities Cos.||9,570,000|
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