PSX Closing Bell: A Fistful of Dollars

February 02, 2022 (MNL): The capital market continued to remain bullish on Wednesday, observing an intraday high of 46,138.61 on the back of positive sentiments across the board stemmed from $1bn raised by the government through the issuance of international sukuk.

Meanwhile, today’s IMF board meeting for Pakistan’s sixth review also helped to wipe off the uncertainty and boosted investors' confidence in the local equity market. 

Resultantly, the benchmark KSE100 index concluded the session at 46,119.15 with a gain of 444.65 points.

Of the 97 traded companies in the KSE100 Index, 81 closed up 13 closed down, while 3 remained unchanged. The total volume traded for the index was 123.51 million shares.

Sectors propping up the index were Commercial Banks with 106 points, Oil & Gas Exploration Companies with 81 points, Cement with 63 points, Textile Composite with 35 points and Oil & Gas Marketing Companies with 25 points.

The most points added to the index was by HBL which contributed 54 points followed by PPL with 28 points, LUCK with 24 points, OGDC with 23 points and MARI with 21 points.

Sector-wise, the index was let down by Tobacco with 4 points and Vanaspati & Allied Industries with 1 point.

The most points taken off the index was by BAFL which stripped the index of 9 points followed by PAKT with 4 points, KAPCO with 3 points, INDU with 2 points and EFERT with 1 point.

All share volume increased by 48.30 million to 360.81 million shares. Market Cap increased by Rs.53.61 billion.

Total companies traded were 381 compared to 366 from the previous session. Of the scrips traded 269 closed up, 91 closed down while 21 remained unchanged.

Total trades increased by 1,582 to 131,455.

Value Traded increased by 1.45 Billion to Rs.10.94 Billion

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