PSX Closing Bell: Any Port in a Storm...

March 15, 2022 (MLN): The capital market opened on a positive note but remained jittery on the back of political disturbance on the domestic front in the wake of the no-confidence motion against the PM which has created notable ambiguity across the trading floor.

However, the drop in oil prices in the international market has somewhat managed to restore investors’ confidence as strong buying activity was observed during the last trading hours.

Accordingly, the benchmark KSE100 index ended the trading session at 43,719.82 with a gain of 352.93 points.

The Index traded in a range of 467.98 points or 1.08 percent of previous close, witnessing an intraday high of 43,793.57 and a low of 43,325.59.

Of the 96 traded companies in the KSE100 Index 61 closed up 27 closed down, while 8 remained unchanged. Total volume traded for the index was 48.99 million shares.

Sectors propping up the index were Cement with 76 points, Power Generation & Distribution with 68 points, Technology & Communication with 55 points, Commercial Banks with 39 points and Oil & Gas Marketing Companies with 26 points.

The most points added to the index was by HUBC which contributed 66 points followed by LUCK with 36 points, TRG with 28 points, SYS with 21 points and HBL with 20 points.

Sector-wise, the index was let down by Oil & Gas Exploration Companies with 50 points, Insurance with 7 points, Modarabas with 1 point, Miscellaneous with 1 point and Real Estate Investment Trust with 1 point.

The most points taken off the index was by PPL which stripped the index of 17 points followed by OGDC with 16 points, POL with 15 points, UBL with 9 points and EFERT with 6 points.

All share volume increased by 73.92 million to 189.04 million Shares. Market Cap increased by Rs33.12 billion.

Total companies traded were 346 compared to 334 from the previous session. Of the scrips traded 211 closed up, 105 closed down while 30 remained unchanged.

Total trades increased by 7,592 to 74,489.

Value Traded increased by 1.04 billion to Rs.4.69 billion

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