PSX Closing Bell: Do not Resuscitate

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MG News | February 16, 2022 at 05:59 PM GMT+05:00

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February 16, 2022 (MLN): Pakistan’s stock market remained under pressure today as it concluded the session on a negative note, declining by 47% points or 0.1% DoD to settle at 45,685 points.

“Local indices witnessed bearish spell as negative sentiments stemmed from the speculations regarding hike in inflation owing to increase in prices of petroleum products,” Aba Ali Habib Securities in its market closing note said.

Moreover, investors remained cautious on the back of uncertainty in domestic politics and concerns over Russia Ukraine conflict.

The Index traded in a range of 301.04 points or 0.66 percent of previous close, showing an intraday high of 45,904.69 and a low of 45,603.65.

Of the 92 traded companies in the KSE100 Index 34 closed up 53 closed down, while 5 remained unchanged. Total volume traded for the index was 78.14 million shares.

Sector wise, the index was let down by Commercial Banks with 28 points, Cement with 28 points, Oil & Gas Marketing Companies with 12 points, Oil & Gas Exploration Companies with 6 points and Sugar & Allied Industries with 4 points.

The most points taken off the index was by HMB which stripped the index of 15 points followed by HBL with 11 points, LUCK with 11 points, AKBL with 8 points and MLCF with 8 points.

Sectors propping up the index were Textile Composite with 11 points, Power Generation & Distribution with 10 points, Automobile Assembler with 8 points, Fertilizer with 8 points and Tobacco with 5 points.

The most points added to the index was by ENGRO which contributed 11 points followed by MEBL with 9 points, MTL with 9 points, HUBC with 8 points and POL with 6 points.

All Share Volume decreased by 129.27 Million to 145.31 Million Shares. Market Cap decreased by Rs.6.77 Billion.

Total companies traded were 339 compared to 336 from the previous session. Of the scrips traded 135 closed up, 181 closed down while 23 remained unchanged.

Total trades decreased by 37,690 to 64,102.

Value Traded decreased by 2.62 Billion to Rs.4.14 Billion

Company Volume

Top Ten by Volume

K-Electric 23,646,000
Worldcall Telecom 17,057,500
Faysal Bank 10,139,000
Hum Network 7,452,219
The Bank of Punjab 5,862,500
Engro Polymer & Chemicals 5,532,000
TPL Properties 5,093,500
Ghani Global Holdings 4,563,500
TRG Pakistan 4,407,428
Telecard 4,152,397

 

Sector Volume

Top Sector by Volume

Technology & Communication 39,002,458
Power Generation & Distribution 28,850,963
Commercial Banks 20,273,155
Chemical 11,572,130
Food & Personal Care Products 6,114,269
Miscellaneous 6,005,200
Cement 4,945,431
Fertilizer 3,390,178
Textile Composite 3,301,483
Refinery 3,156,929

 

 

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0.48%
402.35
KSE30 40,814.29
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0.33%
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KMI30 192,589.16
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0.49%
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KMIALLSHR 56,072.25
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180.74
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58.78
Symbol Bid/Ask High/Low
Name Last High/Low Chg/%Chg
BITCOIN FUTURES 118,140.00 119,450.00
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4270.00
3.75%
BRENT CRUDE 70.63 70.71
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1.99
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RICHARDS BAY COAL MONTHLY 97.50 0.00
0.00
1.10
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ROTTERDAM COAL MONTHLY 108.75 108.75
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USD RBD PALM OLEIN 998.50 998.50
998.50
0.00
0.00%
CRUDE OIL - WTI 68.75 68.77
66.50
2.18
3.27%
SUGAR #11 WORLD 16.56 16.60
16.20
0.30
1.85%

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