PSX Closing Bell: Don't Be Married to Your Positions

July 18, 2023 (MLN): Despite the fluctuations throughout the day, the KSE-100 index concluded Tuesday's trading session with a meager decline of 33.27 points at 45,009.34pts.

The index traded in a range of 391.82 points showing an intraday high of 45,240.21 and a low of 44,848.39.

To note, this was the fourth consecutive red close, with a cumulative loss of  505.61pts or 1.11% in the past four sessions.

Total Volume of the KSE100 Index was 125.418 million shares.

Of the 100 index companies 28 closed up, 62 closed down, 5 were unchanged while 5 remained untraded.

KSE100 Index was let down by Fertilizer with 28.07, Oil & Gas Marketing Companies with 27.41, Cement with 21.32, Automobile Assembler with 20.21 and Miscellaneous with 12.91 points.

Companies dragging the index lower were PPL with 24.27, BAHL with 23.2, PSO with 19.34, OGDC with 13.63 and ENGRO with 12.82 points.

KSE100 index was supported by Chemical with 49.08, Commercial Banks with 42.64, Technology & Communication with 14.18, Engineering with 3.34 and Automobile Parts & Accessories with 2.33 points.

Companies adding points to the index were COLG with 51.02, POL with 36.04, MCB with 29.92, UBL with 29.25 and MEBL with 26.09 points.

In the broader market, the All-Share index closed at 30,450.62 with a net gain of 16.56 points.

Total market volume was 254.961 million shares compared to 314.785 from the previous session while traded value being recorded at 7.32 billion showing an increase of Rs.0.55 billion.

There was 115,973 trades reported in 326 companies with 116 closing up, 188 closing down and 22 remaining unchanged.

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