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PSX Closing Bell: Jump in the Fire

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March 02, 2022 (MLN): Pakistan’s equity market closed in red due to geopolitical turmoil between Russia and Ukraine, coupled with a surge in international commodity prices.

In early morning trade, following global markets, the benchmark KSE-100 Index opened on a negative note, losing more than 480 points [9:38 am] due to supply disruptions from the Ukraine crisis and sanctions against Russia, touching an intraday low of 669 points.

However, in the last hours, the market witnessed some recovery that led the 100-index to close at 44,514.12-level, down by 289.46 points or 0.65 percent.

The Index remained negative throughout the session.

Of the 93 traded companies in the KSE100 Index 19 closed up 71 closed down, while 3 remained unchanged. Total volume traded for the index was 114.62 million shares.

Sector-wise, the index was let down by Cement with 84 points, Fertilizer with 59 points, Commercial Banks with 58 points, Power Generation & Distribution with 30 points and Inv. Banks / Inv. Cos. / Securities Cos. with 30 points.

The most points taken off the index was by LUCK which stripped the index of 46 points followed by ENGRO with 42 points, SYS with 36 points, DAWH with 30 points and HUBC with 23 points.

Sectors propping up the index were Oil & Gas Exploration Companies with 69 points, Technology & Communication with 15 points, Food & Personal Care Products with 7 points, Cable & Electrical Goods with 4 points and Transport with 1 point.

The most points added to the index were by TRG which contributed 57 points followed by POL with 31 points, OGDC with 21 points, NBP with 18 points and PPL with 17 points.

All Share Volume decreased by 74.31 Million to 235.03 Million Shares. Market Cap decreased by Rs.20.55 Billion.

Total companies traded were 354 compared to 364 from the previous session. Of the scrips traded 114 closed up, 215 closed down while 25 remained unchanged.

Total trades decreased by 13,128 to 121,459.

Value Traded decreased by 1.10 Billion to Rs.9.35 Billion

Company Volume

Top Ten by Volume

TRG Pakistan 21,922,806
Telecard 15,118,539
Hum Network 12,761,275
Worldcall Telecom 11,115,500
Agritech 9,985,500
Flying Cement(R) 7,546,000
Fatima Fertilizer Company 7,472,500
Oil & Gas Development Company 7,390,044
Ghani Global Holdings 6,625,000
Pak Elektron 6,343,000

 

Sector Volume

Top Sector by Volume

Technology & Communication 84,217,081
Cement 24,151,832
Chemical 21,591,230
Commercial Banks 15,530,937
Oil & Gas Exploration Companies 10,300,284
Fertilizer 9,808,283
Food & Personal Care Products 9,160,444
Miscellaneous 7,876,400
Cable & Electrical Goods 7,313,000
Refinery 7,250,985

 

 

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Posted on: 2022-03-02T17:26:53+05:00

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