PSX Closing Bell: 3 O’Clock Blues

June 22, 2021 (MLN): The local bourse witnessed another lackluster trading session 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 increase in oil prices in the international market along with the PKR depreciation.

Selling pressure remained evident in Cement, E&P, O&GMCs, Steel, Technology and Power sectors. Textile sector did see some positive activity amid depreciation of PKR against greenback.

Consequently, the Index closed at 47,987 level as against 48,013pts, showing a decline of 25pts or 0.1% DoD.

The Index traded in a range of 222.77 points or 0.46 percent of previous close, showing an intraday high of 48,154.80 and a low of 47,932.03.

Of the 95 traded companies in the KSE100 Index 36 closed up 56 closed down, while 3 remained unchanged. Total volume traded for the index was 209.25 million shares.

Sector wise, the index was let down by Miscellaneous with 32 points, Cement with 30 points, Commercial Banks with 17 points, Oil & Gas Marketing Companies with 13 points and Pharmaceuticals with 10 points.

The most points taken off the index was by PSEL which stripped the index of 34 points followed by UNITY with 12 points, DAWH with 10 points, NBP with 10 points and OGDC with 9 points.

Sectors propping up the index were Textile Composite with 68 points, Technology & Communication with 18 points, Oil & Gas Exploration Companies with 16 points, Real Estate Investment Trust with 6 points and Glass & Ceramics with 3 points.

The most points added to the index was by SYS which contributed 30 points followed by KTML with 21 points, MARI with 21 points, ANL with 20 points and GATM with 13 points.

All Share Volume decreased by 228.45 Million to 610.74 Million Shares. Market Cap decreased by Rs.5.60 Billion.

Total companies traded were 420 compared to 411 from the previous session. Of the scrips traded 162 closed up, 236 closed down while 22 remained unchanged.

Total trades decreased by 18,737 to 143,603.

Value Traded decreased by 0.36 Billion to Rs.15.52 Billion


Top Ten by Volume

Worldcall Telecom48,194,000
Azgard Nine33,370,500
TPL Corp30,016,000
Ghani Global Glass29,951,000
Hum Network23,010,000
Byco Petroleum Pakistan19,187,000
Fauji Foods15,547,500
Treet Corporation15,147,000



Top Sector by Volume

Technology & Communication130,663,870
Commercial Banks90,987,256
Textile Composite56,760,340
Food & Personal Care Products55,147,329
Power Generation & Distribution41,477,929
Glass & Ceramics32,362,000
Inv. Banks / Inv. Cos. / Securities Cos.20,751,602
Automobile Assembler19,950,140



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Posted on: 2021-06-22T17:59:00+05:00