PSX Closing Bell: Outshined

December 03, 2021 (MLN): Despite witnessing a loss of more than 2000 points in yesterday’s session, the capital market opened on a positive note today as buying activity was visible during early hours.

However, the lack of positive triggers kept investors in a doubt which pushed market into selling pressure to close the benchmark KSE-100 index at 43,232.83 on Friday. 

During the volatile trading session, the Index traded in a range of 839.96 points or 1.94 percent of previous close, showing an intraday high of 43,590.86 and a low of 42,750.90.

Of the 92 traded companies in the KSE100 Index 42 closed up 49 closed down, while 1 remained unchanged. Total volume traded for the index was 139.33 million shares.

Sector wise, the index was let down by cement with 179 points, technology & communication with 63 points, engineering with 35 points, textile composite with 31 points and refinery with 25 points.

The most points taken off the index was by LUCK which stripped the index of 73 points followed by TRG with 43 points, MLCF with 27 points, DGKC with 24 points and CHCC with 21 points.

Sectors propping up the index were commercial banks with 211 points, fertilizer with 103 points, power generation & distribution with 29 points, tobacco with 20 points and paper & board with 7 points.

The most points added to the index was by ENGRO which contributed 69 points followed by HBL with 65 points, UBL with 47 points, MEBL with 41 points and EFERT with 30 points.

All share volume decreased by 99.02 million to 287.73 million Shares. Market cap decreased by Rs.4.42 Billion.

Total companies traded were 330 compared to 365 from the previous session. Of the scrips traded 115 closed up, 205 closed down while 10 remained unchanged.

Total trades decreased by 12,686 to 119,097.

Value Traded decreased by 3.78 Billion to Rs.10.28 Billion

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