June 01, 2022 (MLN): Amid Worsening macros, bears once again dominated Pakistan Stock Exchange on Wednesday, with the benchmark KSE-100 index shedding 322 points during the session to close at 42,756 points.

The activity remained range bound due to low vlumes. The Index traded in a range of 430.44 points or 1.00 percent of previous close, showing an intraday high of 43,149.17 and a low of 42,718.73.

Of the 95 traded companies in the KSE100 Index 22 closed up 69 closed down, while 4 remained unchanged. Total volume traded for the index was 68.31 million shares.

Sector wise, the index was let down by Power Generation & Distribution with 68 points, Commercial Banks with 66 points, Cement with 55 points, Technology & Communication with 41 points and Oil & Gas Exploration Companies with 32 points.

The most points taken off the index was by HUBC which stripped the index of 61 points followed by UBL with 36 points, FFC with 26 points, HBL with 25 points and SYS with 24 points.

Sectors propping up the index were Fertilizer with 11 points, Automobile Assembler with 9 points, Pharmaceuticals with 7 points, Leather & Tanneries with 3 points and Paper & Board with 1 points.

The most points added to the index was by EFERT which contributed 41 points followed by MARI with 24 points, MTL with 17 points, ABOT with 16 points and COLG with 8 points.

All Share Volume decreased by 90.95 Million to 194.40 Million Shares. Market Cap decreased by Rs.23.12 Billion.

Total companies traded were 334 compared to 344 from the previous session. Of the scrips traded 98 closed up, 207 closed down while 29 remained unchanged.

Total trades decreased by 7,333 to 81,467.

Value Traded decreased by 2.04 Billion to Rs.5.35 Billion

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