PSX Closing Bell: Higher Ground

December 28, 2021 (MLN):  The local bourse observed a dull trading session on Tuesday due to lack of fresh triggers and the concerns over the upcoming mini budget kept investors’ interest subdued.

During the initial trading hours, the trading floor witnessed selling pressure whereas, the buying activity in the later hours has pushed the benchmark KSE-100 index to close in green zone with a gain of 130.30 points to settle at 44,043.74.

The index traded in a range of 210.91 points or 0.48 percent of previous close, showing an intraday high of 44,117.17 and a low of 43,906.26.

Of the 96 traded companies in the KSE100 Index 55 closed up 36 closed down, while 5 remained unchanged. Total volume traded for the index was 63.14 million shares.

Sectors propping up the index were Technology & Communication with 59 points, Oil & Gas Exploration Companies with 44 points, Cement with 9 points, Automobile Assembler with 9 points and Oil & Gas Marketing Companies with 7 points.

The most points added to the index was by TRG which contributed 59 points followed by MARI with 23 points, POL with 11 points, ABL with 8 points and DGKC with 8 points.

Sector wise, the index was let down by Fertilizer with 27 points, Power Generation & Distribution with 6 points and Refinery with 1 points.

The most points taken off the index was by ENGRO which stripped the index of 18 points followed by FFC with 11 points, HUBC with 7 points, KOHC with 7 points and MLCF with 5 points.

All share volume increased by 28.78 million to 143.45 million Shares. Market Cap increased by Rs17.42 billion.

Total companies traded were 356 compared to 342 from the previous session. Of the scrips traded 163 closed up, 168 closed down while 25 remained unchanged.

Total trades increased by 7,520 to 68,654.

Value Traded increased by 0.57 Billion to Rs.4.99 Billion

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