PSX Closing Bell: Keep the Ball Rolling

May 22, 2024 (MLN): The benchmark KSE-100 index ended Wednesday's trading session at 74,956.67 showing a decrease of 250.10 points or 0.33%.

The index traded in a range of 678.41 points showing an intraday high of 75,513.90 (+307.13) and a low of 74,835.49 (-371.29) points.

The total volume of the KSE-100 index was 183.37 million shares.

Of the 100 index companies 34 closed up, 63 closed down, 2 were unchanged, while 1 remained untraded.

KSE-100 index was let down by Commercial Banks (56.4pts), Cement (55.53pts), Automobile Parts & Accessories (41.56pts), Oil & Gas Marketing Companies (41.24pts), and Miscellaneous (28.85pts).

On the flip-side, the index was supported by Power Generation & Distribution (67.41pts), Technology & Communication (41.68pts), Inv. Banks / Inv. Cos. / Securities Cos. (14.35pts), Leather & Tanneries (4.02pts), and Insurance (3.45pts).

Companies that dragged the index lower were MCB (49.11pts), ENGRO (41.84pts), THALL (41.56pts), BAHL (31.45pts), and PSEL (23.62pts).

On the other hand, companies that added points to the index were SYS (76.26pts), FFC (26.06pts), PKGP (25.2pts), UBL (21.97pts), and MEBL (21.81pts).

In the broader market, the All-Share index closed at 48,482.73 with a net loss of 278.06 points.

Total market volume was 584.48 million shares compared to 462.30m from the previous session while traded value was recorded at Rs17.71 billion showing an increase of Rs1.82bn.

There were 247,035 trades reported in 389 companies with 131 closing up, 233 closing down and 25 remaining unchanged.

To note, the KSE-100 has gained 33,504 points or 80.82% during the fiscal year, whereas the ongoing calendar year has witnessed a cumulative increase of 12,506 points, equivalent to 20.02%.

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