PSX Closing Bell: Les Toreadors

December 24, 2020 (MLN): Despite the last day of rollover week, the trading activity within capital markets remained positive throughout the session with buying witnessed across the board.

The overnight jump in international crude oil prices helped E&P stocks staged a decent recovery, however, profit booking kept the stock price increase in check as per the closing note by Arif Habib research.

Accordingly, the benchmark KSE-100 index ended the trading session on Thursday with a 329.07 point or 0.76 percent gain to close at 43,416.77.

The Index remained positive throughout the session touching an intraday high of 43,631.36

Of the 96 traded companies in the KSE100 Index, 61 closed up 33 closed down, while 2 remained unchanged. The total volume traded for the index was 322.75 million shares.

Sectors propping up the index were Cement with 166 points, Technology & Communication with 81 points, Commercial Banks with 29 points, Vanaspati & Allied Industries with 20 points and Power Generation & Distribution with 18 points.

The most points added to the index was by LUCK which contributed 72 points followed by TRG with 58 points, CHCC with 25 points, SYS with 23 points and BAHL with 21 points.

Sector wise, the index was let down by Fertilizer with 15 points, Pharmaceuticals with 10 points, Oil & Gas Marketing Companies with 8 points, Inv. Banks / Inv. Cos. / Securities Cos. with 3 points and Transport with 2 points.

The most points taken off the index was by MEBL which stripped the index of 18 points followed by ENGRO with 9 points, PSO with 7 points, FFC with 6 points and DAWH with 4 points.

All Share Volume increased by 191.65 Million to 570.58 Million Shares. Market Cap increased by Rs.49.28 Billion.

Total companies traded were 402 compared to 387 from the previous session. Of the scrips traded 232 closed up, 150 closed down while 20 remained unchanged.

Total trades increased by 33,193 to 184,459.

Value Traded increased by 7.78 Billion to Rs.25.51 Billion

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