PSX Closing Bell: Muted Performance

September 20, 2023 (MLN): The benchmark KSE-100 index spent most of today's session hovering around the crucial 46,000 level.

However, this level once again proved to be a strong resistance and the index was not able to sustain it, as the rally sold off in the later part of the day to close the session at 45,889.58, recording a decrease of 20.89 points or 0.05%.

The index traded in a range of 226.99 points showing an intraday high of 46,035.09 (+124.62) and a low of 45,808.1 (-102.37) points.

Total Volume of the KSE100 Index was 46.255 million shares.

Of the 100 index companies 36 closed up, 54 closed down, 3 were unchanged while 7 remained untraded.

Interestingly, the top contributors that had driven gains in the previous session turned into today's losers.

This indicates a waned market sentiment and confidence, as investors chose to fade the rally.

KSE100 Index was let down by Oil & Gas Exploration Companies with 51.07, Technology & Communication with 38.66, Fertilizer with 32.42, Commercial Banks with 14.93 and Cement with 13.68 points.

Companies dragging the index lower were PPL with 29.3, OGDC with 19.92, SYS with 19.55, FFC with 18.58 and TRG with 15.76 points.

KSE100 index was supported by Chemical with 59.75, Power Generation & Distribution with 39.42, Automobile Assembler with 11.89, Food & Personal Care Products with 10.74 and Inv. Banks / Inv. Cos. / Securities Cos. with 8.39 points.

Companies adding points to the index were COLG with 64.99, HUBC with 37.06, UNITY with 11.46, UBL with 10.03 and DAWH with 8.95 points.

In the broader market, the All-Share index closed at 30,678.11 with a net gain of 38.78 points.

Total market volume was 129.372 million shares compared to 117.145 from the previous session while traded value being recorded at 3.64 billion showing a decrease of Rs.0.47 billion.

There was 79,761 trades reported in 313 companies with 132 closing up, 160 closing down and 21 remaining unchanged.

KSE-100 Historical Performance

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