PSX Closing Bell: Permanent Waves

July 7, 2022 (MLN): The local equity witnessed a positive session today in an another range bound trading and the KSE-100 index gained 184 points.

Investors adopted a wait-and-see strategy in the consequence of expected upsurge in policy rate in today’s monetary policy and persistent depreciation of PKR against USD, a note by Darson Securities said.

The Index traded in a range of 387.46 points or 0.94 percent of previous close, showing an intraday high of 41,396.57 and a low of 41,009.11.

Of the 88 traded companies in the KSE100 Index 52 closed up 34 closed down, while 2 remained unchanged. Total volume traded for the index was 55.98 million shares.

Sectors propping up the index were Oil & Gas Exploration Companies with 74 points, Fertilizer with 41 points, Commercial Banks with 26 points, Oil & Gas Marketing Companies with 21 points and Technology & Communication with 12 points.

The most points added to the index was by OGDC which contributed 50 points followed by PPL with 42 points, FFC with 22 points, EFERT with 17 points and PSO with 16 points.

Sector wise, the index was let down by Power Generation & Distribution with 15 points, Refinery with 9 points, Pharmaceuticals with 3 points, Textile Composite with 3 points and Engineering with 2 points.

The most points taken off the index was by POL which stripped the index of 12 points followed by HUBC with 12 points, MARI with 6 points, ATRL with 6 points and LUCK with 5 points.

All Share Volume increased by 0.84 Million to 99.09 Million Shares. Market Cap increased by Rs.37.53 Billion.

Total companies traded were 310 compared to 308 from the previous session. Of the scrips traded 162 closed up, 126 closed down while 22 remained unchanged.

Total trades increased by 14,402 to 69,651.

Value Traded increased by 1.35 Billion to Rs.4.04 Billion

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