PSX Closing Bell: Nobody Home

December 22, 2021 (MLN):  After witnessing a jittery session, the benchmark KSE-100 index closed flat on Wednesday, losing 2 points to settle at 44,175 level.

The market showed signs of nervousness throughout the day and Investors adopted a wait-and-see in approach owing to lack of positive triggers, mini budget and an uncertain political situation, Darson Securities, in its market closing note said.

Moreover, investors were also awaiting  for the PIB auction result today.

The Index traded in a range of 197.57 points or 0.45 percent of previous close, showing an intraday high of 44,291.85 and a low of 44,094.28.

Of the 95 traded companies in the KSE100 Index 42 closed up 48 closed down, while 5 remained unchanged. Total volume traded for the index was 68.02 million shares.

Sector wise, the index was let down by Cement with 28 points, Engineering with 14 points, Insurance with 11 points, Inv. Banks / Inv. Cos. / Securities Cos. with 8 points and Chemical with 6 points.

The most points taken off the index was by LUCK which stripped the index of 18 points followed by UBL with 11 points, EFUG with 9 points, DAWH with 8 points and MARI with 7 points.

Sectors propping up the index were Oil & Gas Exploration Companies with 34 points, Food & Personal Care Products with 18 points, Automobile Assembler with 11 points, Paper & Board with 5 points and Commercial Banks with 4 points.

The most points added to the index was by OGDC which contributed 33 points followed by TRG with 14 points, NESTLE with 11 points, UNITY with 9 points and HCAR with 7 points.

All Share Volume decreased by 71.29 Million to 151.79 Million Shares. Market Cap increased by Rs.12.77 Billion.

Total companies traded were 339 compared to 346 from the previous session. Of the scrips traded 159 closed up, 165 closed down while 15 remained unchanged.

Total trades decreased by 29,578 to 80,298.

Value Traded decreased by 2.13 Billion to Rs.6.55 Billion

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