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PSX Closing Bell: Gloomy

January 18, 2022 (MLN): Domestic equities remained range bound today, as investors remained risk-averse due to the rising number of Covid-19’s new variant Omicron cases in Pakistan and higher international oil prices.

Profit-taking was witnessed at the end of the trading hour while market battled between the bulls and bears throughout the day.

HUBC remained in the limelight as it  announced an interim cash dividend of 6.5 per share today.

As a result, the benchmark KSE100 index ended the trading session on Tuesday with a 104.79 point or 0.23 percent decline to close at 45,507.41.

The Index traded in a range of 289.22 points or 0.63 percent of previous close, showing an intraday high of 45,761.21 and a low of 45,471.99.

Of the 95 traded companies in the KSE100 Index 33 closed up 58 closed down, while 4 remained unchanged. Total volume traded for the index was 78.60 million shares.

Sector wise, the index was let down by Cement with 55 points, Commercial Banks with 39 points, Power Generation & Distribution with 27 points, Technology & Communication with 24 points and Textile Composite with 11 points.

The most points taken off the index was by HUBC which stripped the index of 26 points followed by LUCK with 22 points, BAHL with 19 points, CHCC with 13 points and SCBPL with 12 points.

Sectors propping up the index were Oil & Gas Exploration Companies with 50 points, Fertilizer with 15 points, Refinery with 6 points, Oil & Gas Marketing Companies with 4 points and Glass & Ceramics with 3 points.

The most points added to the index was by POL which contributed 30 points followed by ENGRO with 23 points, PPL with 11 points, MCB with 9 points and OGDC with 6 points.

All Share Volume decreased by 8.36 Million to 165.14 Million Shares. Market Cap decreased by Rs.18.80 Billion.

Total companies traded were 350 compared to 336 from the previous session. Of the scrips traded 129 closed up, 199 closed down while 22 remained unchanged.

Total trades increased by 7,697 to 92,640.

Value Traded increased by 1.46 Billion to Rs.7.57 Billion

Company Volume

Top Ten by Volume

TRG Pakistan 20,687,856
Worldcall Telecom 17,672,000
The Hub Power Company 8,146,383
Telecard 7,820,500
Cnergyico PK 6,813,050
Avanceon 4,660,471
Ghani Global Holdings 4,566,500
Al Shaheer Corporation 4,037,000
Hum Network 3,529,500
Pakistan Refinery 3,523,259

 

Sector Volume

Top Sector by Volume

Technology & Communication 62,668,556
Power Generation & Distribution 13,277,883
Refinery 11,826,171
Food & Personal Care Products 11,768,957
Commercial Banks 9,565,348
Chemical 7,282,790
Oil & Gas Exploration Companies 6,043,353
Cement 5,151,359
Oil & Gas Marketing Companies 4,984,610
Inv. Banks / Inv. Cos. / Securities Cos. 4,919,200

 

 

Copyright Mettis Link News

 

Posted on: 2022-01-18T17:46:42+05:00

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