PSX Closing Bell: Beyond The Invisible

December 30, 2021 (MLN): The stock market continued positive momentum during the fourth day of the business week as it added another 156 points (0.35%) during the trading session to close at 44,416.11 points on Thursday.

Local indices witnessed bullish rally as the investors cheered government's determination to meet IMF's pre conditions as the Finance (Supplementary) bill gets go-ahead by federal cabinet on Thursday, which holds a substantial importance as it will pave way for resumption of remaining facility tranches.

Furthermore, PKR appreciated by 0.41% against greenback and closed at PKR 177.51/$ in the interbank market today, also contributed towards investors’ positive sentiments, a report by Aba Ali Habib Securities cited.

The Index remained positive throughout the session touching an intraday high of 44,595.85

Of the 97 traded companies in the KSE100 Index 54 closed up 40 closed down, while 3 remained unchanged. Total volume traded for the index was 121.31 million shares.

Sectors propping up the index were Technology & Communication with 79 points, Commercial Banks with 60 points, Fertilizer with 44 points, Cement with 32 points and Food & Personal Care Products with 16 points.

The most points added to the index was by TRG which contributed 44 points followed by ENGRO with 41 points, SYS with 33 points, UBL with 22 points and PAKT with 16 points.

Sector wise, the index was let down by Oil & Gas Exploration Companies with 41 points, Chemical with 31 points, Oil & Gas Marketing Companies with 17 points, Refinery with 15 points and Power Generation & Distribution with 9 points.

The most points taken off the index was by COLG which stripped the index of 31 points followed by OGDC with 14 points, POL with 13 points, PSO with 11 points and PPL with 11 points.

All Share Volume decreased by 28.03 Million to 243.08 Million Shares. Market Cap increased by Rs.29.21 Billion.

Total companies traded were 373 compared to 361 from the previous session. Of the scrips traded 202 closed up, 149 closed down while 22 remained unchanged.

Total trades increased by 1,406 to 107,059.

Value Traded increased by 2.19 Billion to Rs.10.34 Billion

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