PSX Closing Bell: KSE-100 index sheds 53.12 points

February 01, 2023 (MLN): The benchmark KSE-100 index on Wednesday lost 53.12 points (0.13% DoD) to settle at the 40,619.94 level.

The market observed a range-bound session today, and investors’ participation remained sluggish due to the continued volatility in the rupee against the greenback.

On the economic side, Fitch Ratings predicted that Pakistan’s economy to contract by 0.3% in the fiscal year 2022-23.

The KSE-100 index made an intraday low of 40,611.15 and an intraday high of 40,985.46 during the day.

By the session’s end, the total volumes of the KSE-100 index stood at 86.37mn shares, decreased by 7.14% DoD from 93.01mn shares traded on Tuesday.

Out of 100, shares of 93 companies were traded on Wednesday, of which 41 recorded a fall, 49 registered an increase and three remained unchanged.

In terms of sectors, most of the negative contributors were miscellaneous, oil & gas, and technology which negatively contributed 140.91 points. On the flip side, the commercial banks closed the session positive, gaining 33.48 points by the day’s end.

Meanwhile, the volume leaders on the benchmark index were PPL (9.47mn), GATM (8.35mn), HBL (6.17mn), OGDC (5.23mn), and MLCF (4.99mn).

The stocks that emerged as net losers during the day included: RMPL (3.90%), PSEL (7.50%), NESTLE (1.33%), GADT (6.91%), and ARPL (2.22%). On the other hand, the scrips which gained the most during the session included ABOT (5.94%), COLG (0.95%), MTL (1.65%), HINOON (1.89%), and PKGS (1.89%).

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