PSX Closing Bell: Miserable at Best

May 26, 2023 (MLN): On the back of political and economic miseries, the capital market on Friday witnessed a lackluster session.

Investors remained sideways, opting for wait and see strategy which led the benchmark KSE-100 Index to close today's trading session at 40,964.54 showing a decrease of 65.13 points.

The index traded in a range of 364.77 points showing an intraday high of 41,148.56 and a low of 40,783.79.

The total Volume of the KSE100 Index was 107.421 million shares.

Of the companies in KSE100 38 closed up, 53 closed down, 4 were unchanged while 5 remained untraded.

KSE100 Index was let down by Technology & Communication with 74.67, Oil & Gas Exploration Companies with 56.29, Commercial Banks with 41.73, Oil & Gas Marketing Companies with 31.4 and Pharmaceuticals with 14.34 points.

Companies dragging the index lower were SYS with 33.61, PPL with 33.3, TRG with 29.62, OGDC with 28.19 and PSO with 25.45 points.

KSE100 index was supported by Cement with 141.72, Chemical with 18.57, Fertilizer with 14.98, Textile Composite with 8.66 and Food & Personal Care Products with 4.96 points.

Companies adding points to the index were LUCK with 90.45, ENGRO with 32.36, MLCF with 18.27, COLG with 13.74 and POL with 12.84 points.

In the broader market, the All-Share index closed at 27,416.02 with a net loss of 11.7 points.

The total market volume was 168.481 million shares with the traded value being recorded at 6.78 billion.

There were 95,864 trades reported in 325 companies with 119 closing up, 176 closing down and 30 remaining unchanged.

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