PSX Closing Bell: From the Shadows

July 01, 2022 (MLN): The Pakistan Stock Exchange (PSX) on Friday witnessed a lacklustre trading activity where the benchmark KSE-100 Index traded sideways with low volumes throughout the day to close at 41,630 level, up by only 89.52 points.

The index traded in a range of 209.36 points or 0.50 percent of previous close, showing an intraday high of 41,744.86 and a low of 41,535.50.

Of the 86 traded companies in the KSE100 Index 39 closed up 46 closed down, while 1 remained unchanged. Total volume traded for the index was 66.14 million shares.

Sectors propping up the index were Commercial Banks with 94 points, Fertilizer with 50 points, Oil & Gas Marketing Companies with 13 points, Textile Composite with 6 points and Real Estate Investment Trust with 3 points.

The most points added to the index was by BAHL which contributed 32 points followed by EFERT with 31 points, FFC with 31 points, MCB with 22 points and MEBL with 20 points.

Sector wise, the index was let down by Cement with 40 points, Technology & Communication with 12 points, Refinery with 11 points, Engineering with 7 points and Insurance with 4 points.

The most points taken off the index was by LUCK which stripped the index of 18 points followed by OGDC with 10 points, KEL with 9 points, ENGRO with 8 points and PPL with 8 points.

All Share Volume decreased by 38.87 Million to 154.03 Million Shares. Market Cap increased by Rs.6.31 Billion.

Total companies traded were 322 compared to 337 from the previous session. Of the scrips traded 167 closed up, 137 closed down while 18 remained unchanged.

Total trades decreased by 9,604 to 76,397.

Value Traded decreased by 2.75 Billion to Rs.4.03 Billion

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