PSX Closing Bell: Lifeless Ordinary

March 15, 2023 (MNL): The capital market on Wednesday remained lackluster amid a lack of positive triggers on the economic front and longer than the expected delay of the IMF tranche. 

Meanwhile, the ongoing political turmoil has left investors wary, leading to uncertainty in the market.

Accordingly, the benchmark KSE-100 index ended the trading session on Wednesday with 57.61 points or 0.14 percent gain to close at 41,874.04.

The Index traded in a range of 406.30 points or 0.97 percent of the previous close, showing an intraday high of 42,010.06 and a low of 41,603.76.

Of the 91 traded companies in the KSE100 Index 53 closed up 32 closed down, while 6 remained unchanged. The total volume traded for the index was 129.04 million shares.

Sectors propping up the index were Cement with 119 points, Commercial Banks with 21 points, Engineering with 19 points, Textile Composite with 14 points and Paper & Board with 12 points.

The most points added to the index were by LUCK which contributed 28 points followed by MLCF with 23 points, MEBL with 22 points, DGKC with 19 points and FCCL with 17 points.

Sector-wise, the index was let down by Miscellaneous with 73 points, Oil & Gas Exploration Companies with 36 points, Technology & Communication with 15 points, Fertilizer with 10 points and Chemical with 9 points.

The most points taken off the index was by PSEL which stripped the index of 73 points followed by POL with 31 points, SYS with 27 points, ENGRO with 26 points and BAHL with 12 points.

All Share Volume increased by 48.02mn to 233.27mn shares. Market Cap increased by Rs9.40 billion.

The total companies traded were 334 compared to 319 from the previous session. Of the scrips traded 197 closed up, 113 closed down while 24 remained unchanged.

Total trades increased by 21,395 to 101,649.

Value Traded increased by 1.70bn to Rs8.44bn

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