PSX Closing Bell: Journey to the Crossroads

July 27, 2022 (MLN): Pakistan’s stock market stayed under pressure throughout the day today due to concerns regarding uncertain economic and political condition.

Despite commencing the session on a positive note, index remained lackluster due to low participation as investors preferred to remain sidelined for further clarity on political and economic fronts.

However, after making an intraday high of 40,099 points and a low of 39,606 points, index closed slightly up at 39,973 points level, gaining 79 points or 0.2% DoD.

The index traded in a range of 492.99 points or 1.24% of previous close.

Of the 90 traded companies in the KSE100 index, 48 closed up, 40 closed down, while 2 remained unchanged. Total volume traded for the index was 65.97 million shares.

Sectors propping up the index were Commercial Banks with 77 points, Chemical with 54 points, Technology & Communication with 27 points, Engineering with 14 points and Cement with 10 points.

The most points added to the index was by EPCL which contributed 39 points followed by SYS with 24 points, BAFL with 16 points, MEBL with 14 points and LOTCHEM with 14 points.

Sector wise, the index was let down by Fertilizer with 51 points, Automobile Assembler with 29 points, Power Generation & Distribution with 16 points, Food & Personal Care Products with 10 points and Oil & Gas Marketing Companies with 8 points.

The most points taken off the index was by EFERT which stripped the index of 25 points followed by ENGRO with 22 points, INDU with 19 points, HUBC with 14 points and MTL with 6 points.

All Share Volume decreased by 10.29mn to 121.58mn Shares. Market Cap increased by Rs8.35 billion.

Total companies traded were 321 compared to 302 from the previous session. Of the scrips traded 153 closed up, 141 closed down, while 27 remained unchanged.

Total trades increased by 5,526 to 78,508.

Value Traded decreased by Rs0.06bn to Rs.4.15bn

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