PSX Closing Bell: KSE-100 Index sheds 43.31 points

January 11, 2023 (MLN): Pakistan equities on Wednesday continued to endure selling pressure as many investors shift their investment from equities to precious metals.

As a result, the KSE-100 index today lost 43.31 points (0.11% DoD) to close at 40,758.20 level.

The investor sentiments crushed over World Bank on Tuesday forecast Pakistan’s economic growth to 2% in FY23.

During the market hours, index made an intraday low of 40,597.35 and an intraday high of 40,988.28 during the day.

By the session’s end, the total volumes of the KSE-100 index stood at 109.8mn shares, decreased by 4.95% DoD from 115.52 shares traded on Tuesday.

Shares of 86 companies were traded on Wednesday, of which 61 recorded a fall, 22 registered an increase, and three remained unchanged.

In terms of sectors, most of the negative contributors were cement, technology, and commercial banks which negatively contributed 104.87 points. On the flip side, the oil & gas exploration sector closed the session positive, gaining 119.05 points by the day’s end.

Meanwhile, the volume leaders on the benchmark index were KEL (20.46mn), PPL (17.77mn), OGDC (12.92mn), SNGP (8.67mn), and UNITY (5.71mn).

The stocks that emerged as net losers during the day included: ABOT (4.45%), NRL (3.79%), ICI (1.07%), SRVI (1.51%), and THALL (2.37%). On the other hand, the scrips which gained the most during the session included MTL (2.59%), MARI (0.50%), INDU (0.68%), PPL (4.97%) and OGDC (3.72%).

Copyright Mettis Link News