PSX Closing Bell: Fade to Grey

June 08, 2023 (MLN): The capital market on Thursday opened on a positive note as investors kept accumulating the stocks ahead of the budget announcement.

However, concerns over the IMF deal forced them to opt for profit booking which led the benchmark KSE-100 Index to lose 456.25 points to end the session at 41,686.46.

The index traded in a range of 658.28 points showing an intraday high of 42,307.11 and a low of 41,648.83.

The total Volume of the KSE100 Index was 101.054 million shares.

Of the companies in KSE100 18 closed up, 75 closed down, 3 were unchanged while 4 remained untraded.

KSE100 Index was let down by Commercial Banks with 131.9, Technology & Communication with 87.39, Oil & Gas Exploration Companies with 81.49, Cement with 49.35 and Oil & Gas Marketing Companies with 34.24 points.

Companies dragging the index lower were POL with 59.77, TRG with 42.49, SYS with 37.5, MCB with 34.53 and PSEL with 27.35 points.

KSE100 index was supported by Chemical with 29.89, Food & Personal Care Products with 17.91, Synthetic & Rayon with 6.53, Textile Composite with 5.7 and Textile Spinning with 2.36 points.

Companies adding points to the index were COLG with 42.77, UNITY with 8.84, IBFL with 6.53, NESTLE with 6.36 and ILP with 5.29 points.

In the broader market, the All-Share index closed at 28,124.44 with a net loss of 148.21 points.

Total market volume was 203.789 million shares with traded value being recorded at 5.77 billion.

There was 105,790 trades reported in 320 companies with 96 closing up, 203 closing down and 21 remaining unchanged.

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