PSX Closing Bell: Point of no Return

February 04, 2022 (MLN): The capital markets remained highly volatile as bears and bulls remained active on the last session of the week, where the latter turned out as winners.

In the second half of the trading session, some profit booking was observed that pulled the KSE-100 Index downwards. As a result, the index settled the trading session at 45,909.65. This was 46.72 points or 0.10% higher than the previous closing.

The Index traded in a range of 317.65 points or 0.69 percent of previous close, showing an intraday high of 46,132.29 and a low of 45,814.64.

Of the 96 traded companies in the KSE100 Index 37 closed up 55 closed down, while 4 remained unchanged. Total volume traded for the index was 82.12 million shares.

Sectors propping up the index were Oil & Gas Marketing Companies with 39 points, Fertilizer with 24 points, Automobile Assembler with 24 points, Chemical with 8 points and Commercial Banks with 6 points.

The most points added to the index was by FFC which contributed 26 points followed by MTL with 25 points, PSO with 25 points, OGDC with 18 points and SHEL with 12 points.

Sector wise, the index was let down by Technology & Communication with 30 points, Food & Personal Care Products with 8 points, Engineering with 7 points, Oil & Gas Exploration Companies with 7 points and Cement with 5 points.

The most points taken off the index was by SYS which stripped the index of 22 points followed by POL with 21 points, ENGRO with 9 points, MEBL with 7 points and EFUG with 6 points.

All Share Volume decreased by 135.53 Million to 192.48 Million Shares. Market Cap increased by Rs.10.25 Billion.

Total companies traded were 360 compared to 369 from the previous session. Of the scrips traded 158 closed up, 178 closed down while 24 remained unchanged.

Total trades decreased by 37,373 to 97,956.

Value Traded decreased by 1.62 Billion to Rs.8.89 Billion

Copyright Mettis Link News