PSX Closing Bell: Heat Wave

May 21, 2024 (MLN): The benchmark KSE-100 index closed Tuesday's trading session at 75,206.77 showing an increase of 122.77 points or 0.16%.

The index traded in a range of 524.36 points showing an intraday high of 75,482.46 (+398.46) and a low of 74,958.10 (-125.91) points.

The total volume of the KSE-100 index was 159.51 million shares.

Of the 100 index companies 42 closed up, 53 closed down, 4 were unchanged, while 1 remained untraded.

KSE-100 index was supported by Commercial Banks (267.12pts), Leather & Tanneries (42.22pts), Power Generation & Distribution (21.09pts), Technology & Communication (13.6pts), and Miscellaneous (8.71pts).

On the flip-side, the index was let down by Oil & Gas Exploration Companies (61.08pts), Inv. Banks / Inv. Cos. / Securities Cos. (53.42pts), Fertilizer (45.54pts), Cement (43pts), and Engineering (21.79pts).

Companies adding points to the index were MEBL (134.4pts), BAHL (52.25pts), UBL (50.65pts), SRVI (42.22pts), and PKGP (23.45pts).

Meanwhile, companies that dragged the index lower were DAWH (68.73pts), POL (43.69pts), FFC (32.74pts), THALL (18.75pts), and OGDC (17.45pts).

In the broader market, the All-Share index closed at 48,760.78 with a net gain of 114.57 points.

Total market volume was 462.30 million shares compared to 375.36m from the previous session while traded value was recorded at Rs15.87 billion showing a decrease of Rs440.16m.

There were 218,944 trades reported in 381 companies with 174 closing up, 184 closing down and 23 remaining unchanged.

To note, the KSE-100 has gained 33,754 points or 81.43% during the fiscal year, whereas the ongoing calendar year has witnessed a cumulative increase of 12,756 points, equivalent to 20.43%.

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