PSX Closing Bell: A time of Lowered Expectations

January 27, 2022 (MLN): The benchmark KSE-100 Index on Thursday successfully managed to close in green as cut-off yields in the T-bill auction significantly declined which were coherent with the latest monetary policy announcement.

Similarly, the participants were expecting a decrease in secondary market PIB yields in the auction scheduled today.

The sentiment was further fueled as SBP is confident over the revival of the $6bn IMF loan program as Pakistan has fulfilled all preconditions, a market closing note by Pearl Securities.  

As a result, the index concluded the trading session with a 127.99 points or 0.28 percent gain to close at 45,083.04.

The Index remained positive throughout the session touching an intraday high of 45,181.51

Of the 96 traded companies in the KSE100 Index 47 closed up 43 closed down, while 6 remained unchanged. The total volume traded for the index was 89.84 million shares.

Sectors propping up the index were Technology & Communication with 63 points, Power Generation & Distribution with 28 points, Commercial Banks with 22 points, Miscellaneous with 21 points and Oil & Gas Exploration Companies with 17 points.

The most points added to the index was by TRG which contributed 61 points followed by HUBC with 23 points, PSEL with 21 points, MARI with 19 points and ABL with 17 points.

Sector wise, the index was let down by Tobacco with 16 points, Inv. Banks / Inv. Cos. / Securities Cos. with 12 points, Automobile Assembler with 10 points, Fertilizer with 6 points and Engineering with 4 points.

The most points taken off the index was by PAKT which stripped the index of 16 points followed by FFBL with 13 points, COLG with 12 points, DAWH with 10 points and PPL with 6 points.

All Share Volume increased by 36.28 Million to 173.59 Million Shares. Market Cap decreased by Rs.6.63 Billion.

Total companies traded were 333 compared to 333 from the previous session. Of the scrips traded 135 closed up, 169 closed down while 29 remained unchanged.

Total trades decreased by 1,877 to 81,861.

Value Traded increased by 1.21 Billion to Rs.6.57 Billion

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