PSX Closing Bell: No Excuses

August 17, 2021 (MLN): Contrary to yesterday’s trade, the KSE-100 Index climbed up by 345 points or an increase of 0.74 percent to close at 47,258-level on Tuesday as geopolitical uncertainty surrounding the Afghan situation settled down.

Markets calmed after the Taliban spokesperson announced a general amnesty for government officials and assured
uninterrupted evacuation of affectees.

Investors also cherished the extension of subsidized power and gas tariffs to the export sector for another year, a closing note by Aba Ali Habib Securities cited.

However, the volumes remained low due to the upcoming two days holiday.

The Index remained positive throughout the session touching an intraday high of 47,271.15

Of the 92 traded companies in the KSE100 Index 71 closed up 18 closed down, while 3 remained unchanged. Total volume traded for the index was 81.90 million shares.

Sectors propping up the index were Power Generation & Distribution with 96 points, Cement with 36 points, Oil & Gas Marketing Companies with 32 points, Commercial Banks with 32 points and Technology & Communication with 23 points.

The most points added to the index was by HUBC which contributed 81 points followed by PSO with 23 points, MCB with 16 points, KAPCO with 15 points and TRG with 13 points.

Sector wise, the index was let down by Glass & Ceramics with 2 points, Paper & Board with 2 points, Real Estate Investment Trust with 1 points and Leasing Companies with 1 points.

The most points taken off the index was by BAHL which stripped the index of 6 points followed by KTML with 6 points, FCEPL with 4 points, PKGS with 3 points and HBL with 3 points.

All Share Volume decreased by 5.74 Million to 246.07 Million Shares. Market Cap increased by Rs.48.45 Billion.

Total companies traded were 461 compared to 470 from the previous session. Of the scrips traded 332 closed up, 110 closed down while 19 remained unchanged.

Total trades decreased by 10,717 to 92,549.

Value Traded increased by 1.33 Billion to Rs.11.48 Billion

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