PSX Closing Bell: Danger Zone

June 09, 2023 (MLN): The benchmark KSE-100 index on Friday gained 217.74 points to close the trading session at 41,904.2, marking an intraday high of 41,931.82 and a low of 41,677.14.

The trading floor remained positive for most of the day as notable buying activity was observed across the board. However, concerns over budget and IMF forced investors to book their profit. 

The total volume of the KSE100 Index was 78.779 million shares.

Of the companies in KSE100 52 closed up, 35 closed down, 8 were unchanged while 5 remained untraded.

KSE100 index was supported by Technology & Communication with 74.27, Chemical with 53.86, Textile Composite with 29.34, Oil & Gas Marketing Companies with 15.35 and Oil & Gas Exploration Companies with 11.99 points.

Companies adding points to the index were COLG with 45.98, SYS with 42.47, TRG with 26.86, OGDC with 21.88 and ILP with 20.06 points.

KSE100 Index was let down by Food & Personal Care Products with 16.91, Miscellaneous with 3.09, Commercial Banks with 2.02, Modarabas with 1.06 and Close - End Mutual Fund with 0.74 points.

Companies dragging the index lower were MARI with 24.48, HBL with 13.57, UPFL with 10.87, NESTLE with 9.53 and FFC with 7.06 points.

In the broader market, the All-Share index closed at 28,253.69 with a net gain of 129.25 points.

The total market volume was 164.835 million shares with the traded value being recorded at 5.2 billion.

There were 87,401 trades reported in 337 companies with 186 closing up, 124 closing down and 27 remaining unchanged.

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