PSX Closing Bell: Destination Unknown

Jun 08, 2022 (MLN): The KSE-100 Index remained volatile today as it swung between positive and negative poles throughout the session until finally settling flat by negative 15 points.

Investors’ confidence remained cautious amid concerns of new taxes in the upcoming budget on Friday and uncertainty over the macroeconomic front.

On the forex front, Pakistani rupee (PKR) has gained ground by 1.3 rupees against the greenback in today's interbank session as the currency settled the trade at PKR201.52 per USD.

As a result, the benchmark KSE100 index ended the trading session on Wednesday with a 15.25 point or 0.04 percent decline to close at 41,553 points level.

The Index traded in a range of 228.81 points or 0.55 percent of previous close, showing an intraday high of 41,620.71 and a low of 41,391.90.

Of the 91 traded companies in the KSE100 Index 38 closed up 49 closed down, while 4 remained unchanged. Total volume traded for the index was 73.40 million shares.

Sector wise, the index was let down by Commercial Banks with 63 points, Fertilizer with 18 points, Textile Composite with 16 points, Automobile Assembler with 14 points and Insurance with 9 points.

The most points taken off the index was by HBL which stripped the index of 22 points followed by FFC with 17 points, BAFL with 15 points, MEBL with 11 points and INDU with 10 points.

Sectors propping up the index were Cement with 39 points, Power Generation & Distribution with 27 points, Food & Personal Care Products with 19 points, Technology & Communication with 13 points and Oil & Gas Marketing Companies with 10 points.

The most points added to the index was by LUCK which contributed 48 points followed by HUBC with 27 points, POL with 15 points, TRG with 13 points and EFERT with 9 points.

All Share Volume decreased by 6.31 Million to 151.13 Million Shares. Market Cap decreased by Rs.8.74 Billion.

Total companies traded were 321 compared to 329 from the previous session. Of the scrips traded 137 closed up, 158 closed down while 26 remained unchanged.

Total trades decreased by 10,140 to 73,749.

Value Traded increased by 0.26 Billion to Rs.4.49 Billion

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