PSX Closing Bell: Doomed

March 17, 2023 (MLN): In the backdrop of economic uncertainty along with a delay from IMF for a much-needed tranche, the local bourse witnessed a dull trading session. 

In addition, the ongoing political disturbance has also kept investors to remain cautious which led the benchmark KSE100 index to lose 364.14 points to end the session at 41,329.95.

The Index traded in a range of 538.06 points or 1.29 percent of the previous close, showing an intraday high of 41,808.88 and a low of 41,270.82.

Of the 91 traded companies in the KSE100 Index 28 closed up 57 closed down, while 6 remained unchanged. The total volume traded for the index was 93.02 million shares.

Sector-wise, the index was let down by Technology & Communication with 104 points, Fertilizer with 71 points, Commercial Banks with 50 points, Miscellaneous with 48 points and Oil & Gas Exploration Companies with 37 points.

The most points taken off the index were by SYS which stripped the index of 93 points followed by PSEL with 48 points, FFC with 42 points, HBL with 33 points and HUBC with 20 points.

Sectors propping up the index were Inv. Banks / Inv. Cos. / Securities Cos. with 12 points, Chemical with 9 points, Glass & Ceramics with 7 points, Food & Personal Care Products with 2 points and Real Estate Investment Trust with 1 point.

The most points added to the index was by DAWH which contributed 11 points followed by LOTCHEM and UNITY with 6 points, HMB and SNGP with 5 points.

All Share Volume decreased by 62.09mn to 172.61mn shares. Market Cap decreased by Rs34.36 billion.

The total companies traded were 313 compared to 341 from the previous session. Of the scrips traded 121 closed up, 171 closed down and 21 remained unchanged.

Total trades decreased by 25,036 to 89,227.

Value Traded increased by 0.56bn to Rs8.02bn.

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