PSX Closing Bell: KSE-100 gains 612.06 points

January 24, 2023 (MLN): The Pakistan equities witnessed a bullish trend on Tuesday as value buying was observed in today’s session.

As a result, the KSE-100 index gained 612.06 points today (1.59% DoD) to settle at the 39,055.65 level.

On the economic front, things are still not appealing as IMF has turned down Pakistan’s request of sending its mission for the ninth review before all prior actions are taken, a report by Ismail Iqbal Securities noted.

By the session’s end, the total volumes of the KSE-100 index stood at 100.21mn shares, increased by 61.67% DoD from 38.41mn shares traded on Monday.

The KSE-100 index made an intraday high of 39,091.70 and an intraday low of 38,443.59 during the day.

Out of 100, shares of 90 companies were traded on Tuesday, of which 69 registered an increase, 17 recorded a fall, and four remained unchanged.

In terms of sectors, most of the positive contributions came from oil & gas exploration, fertilizer, cement, miscellaneous, and commercial banks which cumulatively added 415.49 points to the index tally by the day’s end.

Meanwhile, the volume leaders on the benchmark index were PPL (13.16mn), MLCF (12.49mn), OGDC (7.62mn), TRG (7.16mn), and CNERGY (6.84mn).

The scrips which gained the most during the session included: PSEL (7.39%), COLG (0.58%), KOHC (7.50%), ENGRO (3.36%), and INDU (0.88%). On the other hand, the stocks that emerged as net losers during the day included LCI (0.92%), POL (0.80%), SYS (0.62%), ABOT (0.79%), and PKGS (0.83%).

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