June 06, 2022 (MLN): Contrary to the dismal performance seen in the previous session, the bulls took the charge at the Pakistan Stock Exchange as the benchmark KSE-100 Index managed to accumulate 262 points and concluded the trade at 41,577.21, up by 0.63% DoD.

According to the market closing note by Al Habib Capitals, the bullish sentiments among investors stemmed from the budgeted number shared by the finance ministry related to GDP growth and PSDP along with the expected resumption of the IMF program.

The Index traded in a range of 644.86 points or 1.56 percent of previous close, showing an intraday high of 41,675.81 and a low of 41,030.95.

Of the 94 traded companies in the KSE100 Index 62 closed up 27 closed down, while 5 remained unchanged. Total volume traded for the index was 95.39 million shares.

Sectors propping up the index were Cement with 58 points, Oil & Gas Exploration Companies with 52 points, Oil & Gas Marketing Companies with 28 points, Commercial Banks with 28 points and Power Generation & Distribution with 27 points.

The most points added to the index was by PPL which contributed 34 points followed by HBL with 27 points, LUCK with 25 points, EPCL with 23 points and HUBC with 23 points.

Sector wise, the index was let down by Automobile Assembler with 36 points, Tobacco with 8 points, Real Estate Investment Trust with 2 points, Food & Personal Care Products with 1 points and Paper & Board with 1 points.

The most points taken off the index was by MTL which stripped the index of 29 points followed by SCBPL with 11 points, INDU with 10 points, PAKT with 8 points and MEBL with 5 points.

All Share Volume decreased by 36.15 Million to 189.25 Million Shares. Market Cap increased by Rs.16.52 Billion.

Total companies traded were 342 compared to 335 from the previous session. Of the scrips traded 193 closed up, 126 closed down while 23 remained unchanged.

Total trades decreased by 9,304 to 89,484.

Value Traded decreased by 1.09 Billion to Rs.4.90 Billion

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