PSX Closing Bell: Keepers of the Gloom

July 04, 2022 (MLN): Pakistan’s stock market remained volatile today as major selling was witnessed throughout the session dragging down the market to 41,348 levels, down by 282 points or 0.68%.

Concerns over mounting inflation and expected rate hike in the upcoming monetary policy kept investors sentiments restrained from participation.

The Index traded in a range of 366.70 points or 0.88 percent of previous close, showing an intraday high of 41,685.81 and a low of 41,319.11.

Of the 88 traded companies in the KSE100 Index 20 closed up 66 closed down, while 2 remained unchanged. Total volume traded for the index was 43.33 million shares.

Sector wise, the index was let down by Fertilizer with 73 points, Cement with 61 points, Oil & Gas Exploration Companies with 33 points, Automobile Assembler with 19 points and Pharmaceuticals with 13 points.

The most points taken off the index was by FFC which stripped the index of 37 points followed by LUCK with 35 points, UBL with 18 points, BAHL with 16 points and ENGRO with 16 points.

Sectors propping up the index were Close - End Mutual Fund with 3 points and Modarabas with 2 points.

The most points added to the index was by HBL which contributed 18 points followed by MEBL with 11 points, SNGP with 7 points, FABL with 5 points and LOTCHEM with 4 points.

All Share Volume decreased by 67.41 Million to 86.62 Million Shares. Market Cap decreased by Rs.15.20 Billion.

Total companies traded were 303 compared to 322 from the previous session. Of the scrips traded 88 closed up, 197 closed down while 18 remained unchanged.

Total trades decreased by 13,212 to 63,185.

Value Traded decreased by 0.98 Billion to Rs.3.05 Billion.

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