PSX Closing Bell: Bad Choice Road

February 14, 2022 (MLN): In line with the global markets, the domestic capital market witnessed notable selling pressure on the first of the week i.e Monday as the negative sentiments stemmed from soaring international oil prices amid the ongoing political tensions rising over a possible invasion of Ukraine by Russia.

Moreover, the Pakistani rupee (PKR) took a nosedive by 77 paisa against the greenback in today's interbank session to settle at PKR 175.47 also dented the investors’ confidence.

As a result, the benchmark KSE-100 index ended the trading session with a 435.28 points or 0.94 percent decline to close at 45,644.09.

The Index traded in a range of 619.97 points or 1.35 percent of previous close, showing an intraday high of 46,128.11 and a low of 45,508.14.

Of the 94 traded companies in the KSE100 Index 15 closed up 74 closed down, while 5 remained unchanged. Total volume traded for the index was 71.85 million shares.

Sector wise, the index was let down by Commercial Banks with 77 points, Technology & Communication with 63 points, Fertilizer with 54 points, Cement with 43 points and Engineering with 32 points.

The most points taken off the index was by SYS which stripped the index of 34 points followed by FFC with 32 points, MEBL with 31 points, LUCK with 26 points and DAWH with 25 points.

Sectors propping up the index were Chemical with 5 points, Insurance with 5 points and Sugar & Allied Industries with 3 points.

The most points added to the index was by MARI which contributed 17 points followed by SNGP with 9 points, EPCL with 8 points, EFERT with 7 points and AICL with 5 points.

All Share Volume increased by 17.18 Million to 187.81 Million Shares. Market Cap decreased by Rs.72.53 Billion.

Total companies traded were 349 compared to 358 from the previous session. Of the scrips traded 58 closed up, 273 closed down while 18 remained unchanged.

Total trades increased by 4,258 to 99,337.

Value Traded decreased by 1.78 Billion to Rs.5.95 Billion

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