August 10, 2022 (MLN): Owing to the positive triggers on the economic front, the capital market opened on a positive note as the benchmark KSE-100 index started gaining bullish momentum to make an intraday high of 42,779.13 wherein the index added over 682 points. However, in the later hours, the buying activity witnessed a drop which made the index close at 42,494.85 with a gain of 398.61 points.
Speaking to Mettis Global, Ahsan Mehanti, Director of Arif Habib Group said, "Stocks showed sharp recovery on strong appreciation of PKR and the latest statement of Finance Minister Miftah Ismail pertaining to UAE's interest of investing $1 billion in Pakistani companies across various sectors."
Of the 97 traded companies in the KSE100 Index 57 closed up 40 closed down, while 0 remained unchanged. The total volume traded for the index was 196.16 million shares.
Sectors propping up the index were Commercial Banks with 152 points, Oil & Gas Exploration Companies with 105 points, Fertilizer with 55 points, Power Generation & Distribution with 54 points, and Technology & Communication with 42 points.
The most points added to the index were by PPL which contributed 51 points followed by HBL with 49 points, HUBC with 39 points, OGDC with 34 points, and MEBL with 27 points.
Sector-wise, the index was let down by Miscellaneous with 62 points, Cement with 19 points, Tobacco with 13 points, Automobile Parts & Accessories with 4 points, and Paper & Board with 3 points.
The most points taken off the index was by PSEL which stripped the index of 62 points followed by LUCK with 13 points, PAKT with 13 points, NESTLE with 7 points, and EPCL with 7 points.
All Share Volume decreased by 33.50 million to 373.18 Million Shares. Market cap increased by Rs42.29bn.
Total companies traded were 350 compared to 345 from the previous session. Of the scrips traded 203 closed up, 123 closed down while 24 remained unchanged.
Total trades decreased by 10,439 to 164,622.
Value traded increased by 1.60bn to Rs13.23bn
|Lotte Chemical Pakistan||17,939,548|
|Sui Northern Gas Pipelines||12,159,902|
|Sui Southern Gas Company||11,036,500|
|Technology & Communication||55,515,904|
|Oil & Gas Marketing Companies||28,633,502|
|Power Generation & Distribution||24,141,893|
|Food & Personal Care Products||24,052,313|
|Cable & Electrical Goods||14,595,800|
|Oil & Gas Exploration Companies||12,085,263|
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