PSX Closing Bell: No Quarter

January 11, 2022 (MLN): After enduring a volatile trading session, the benchmark KSE-100 index closed flat on Tuesday, losing only 6.5 points to settle at 45,881.13 level.

According to the market closing note by Aba Ali Habib, local indices remained flat as selling pressure was witnessed in refinery and cements scrips. Moreover, the delay in the approval of the Finance (Supplementary) Bill also dented the investors’ confidence.

The Index traded in a range of 530.11 points or 1.16 percent of the previous close, showing an intraday high of 46,055.12 and a low of 45,525.01.

Of the 96 traded companies in the KSE100 Index 47 closed up 46 closed down, while 3 remained unchanged. The total volume traded for the index was 102.28 million shares.

Sector-wise, the index was let down by Cement with 31 points, Oil & Gas Exploration Companies with 28 points, Technology & Communication with 20 points, Power Generation & Distribution with 10 points and Tobacco with 10 points.

The most points taken off the index was by SYS which stripped the index of 48 points followed by ENGRO with 22 points, LUCK with 18 points, HUBC with 11 points and OGDC with 10 points.

Sectors propping up the index were Commercial Banks with 84 points, Food & Personal Care Products with 12 points, Textile Composite with 10 points, Chemical with 6 points and Automobile Assembler with 5 points.

The most points added to the index was by HBL which contributed 32 points followed by MCB with 28 points, TRG with 23 points, UBL with 11 points and EFERT with 10 points.

All Share Volume decreased by 17.87 Million to 339.10 Million Shares. Market Cap decreased by Rs.3.85 Billion.

Total companies traded were 363 compared to 383 from the previous session. Of the scrips traded 183 closed up, 159 closed down while 21 remained unchanged.

Total trades decreased by 6,025 to 128,989.

Value Traded decreased by 2.12 Billion to Rs.9.75 Billion

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