PSX Closing Bell: Grin and Bear it

April 15, 2021 (MLN): The KSE-100 Index witnessed mix trend today as it swung between positive and negative poles throughout the session due to lack of triggers.

The market opened on a bullish note, however, later on, it lost the impetus amid profit-taking by the investors due to unstable law and order situation amid likely ban on a religious political party by the government. Moreover, imposition of further restrictions and SOPs implementation for the coming period amid surging COVID cases also hampered investors’ morale.

As a result, the index ended slightly down, shedding 81.04 points to close at 45,230.18 level.

The Index traded in a range of 269.01 points or 0.59 percent of the previous close, showing an intraday high of 45,445.77 and a low of 45,176.76.

Of the 97 traded companies in the KSE100 Index, 35 closed up 57 closed down, while 5 remained unchanged. The total volume traded for the index was 85.56 million shares.

Sector wise, the index was let down by Cement with 35 points, Commercial Banks with 32 points, Technology & Communication with 18 points, Power Generation & Distribution with 10 points and Automobile Parts & Accessories with 6 points.

The most points taken off the index was by TRG which stripped the index of 17 points followed by LUCK with 17 points, BAHL with 14 points, HBL with 14 points and JLICL with 8 points.

Sectors propping up the index were Fertilizer with 21 points, Oil & Gas Exploration Companies with 13 points, Tobacco with 7 points, Oil & Gas Marketing Companies with 4 points and Chemical with 3 points.

The most points added to the index was by OGDC which contributed 16 points followed by FFC with 13 points, ENGRO with 8 points, PAKT with 7 points and CHCC with 7 points.

All Share Volume increased by 5.78 Million to 347.67 Million Shares. Market Cap decreased by Rs.18.42 Billion.

Total companies traded were 374 compared to 380 from the previous session. Of the scrips traded 134 closed up, 218 closed down while 22 remained unchanged.

Total trades decreased by 10,359 to 109,779.

Value Traded decreased by 3.84 Billion to Rs.12.60 Billion

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