PSX Closing Bell: Endgame

May 26, 2022 (MLN): Pakistan equities turned green on Thursday as the former Prime Minister called off the long march while giving an ultimatum to hold early elections, witnessing an intraday high of 42,606.14 to settle the benchmark KSE-100 index at 42,541.71 with a gain of 529.05 points.

In the early hours, investors opted to remain sideways as the IMF has clearly subjected the release of tranche to the removal of energy subsidy.

Throughout the session, the index traded in a range of 705.42 points, or 1.68 percent of the previous close.

Of the 96 traded companies in the KSE100 Index 78 closed up 16 closed down, while 2 remained unchanged. The total volume traded for the index was 133.68 million shares.

Sectors propping up the index were Technology & Communication with 157 points, Cement with 74 points, Commercial Banks with 63 points, Fertilizer with 32 points, and Oil & Gas Marketing Companies with 30 points.

The most points added to the index were by SYS which contributed 94 points followed by TRG with 39 points, LUCK with 34 points, UBL with 19 points, and MTL with 18 points.

Sector-wise, the index was let down by Leather & Tanneries with 6 points, Miscellaneous with 2 points, Automobile Parts & Accessories with 2 points, Real Estate Investment Trust with 1 point, and Modarabas with 1 point.

The most points taken off the index was by COLG which stripped the index of 14 points followed by ABL with 14 points, BAHL with 7 points, INDU with 6 points, and SRVI with 6 points.

All Share Volume increased by 107.02 Million to 347.07 Million Shares. Market Cap increased by Rs.65.75 Billion.

Total companies traded were 351 compared to 324 from the previous session. Of the scrips traded 263 closed up, 63 closed down while 25 remained unchanged.

Total trades increased by 34,522 to 137,210.

Value Traded increased by 1.47 Billion to Rs.9.04 Billion

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