PSX Closing Bell: Running of the bulls

April 08, 2021 (MLN): Following the previous day’s foreign selling, the capital markets kicked off the day on a positive note. The benchmark KSE-100 Index picked up the pace and landed in a green territory with a gain of 787.78 points to close the trading session at 44,741.36-level.

The index remained positive throughout the session touching an intraday high of 44,759.37 as investors cheered extension in debt servicing by G20 and a slight decline in cut-off yields in the T-bill auction held yesterday, Topline research highlighted in a closing note.

Further, investors’ confidence in the bourse was also boosted on the back of the anticipation of better quarterly results.

Of the 94 traded companies in the KSE100 Index, 78 closed up 13 closed down, while 3 remained unchanged. The total volume traded for the index was 186.04 million shares.

Sectors propping up the index were Commercial Banks with 135 points, Technology & Communication with 121 points, Cement with 118 points, Fertilizer with 59 points and Oil & Gas Exploration Companies with 55 points.

The most points added to the index was by TRG which contributed 111 points followed by LUCK with 50 points, DAWH with 43 points, ENGRO with 37 points and HBL with 35 points.

Sector-wise, the index was let down by Miscellaneous with 1 point and Close - End Mutual Fund with 1 point.

The most points taken off the index was by ABOT which stripped the index of 4 points followed by INDU with 4 points, IGIHL with 2 points, SHFA with 1 point and BYCO with 1 point.

All Share Volume increased by 12.58 Million to 383.11 Million Shares. Market Cap increased by Rs.94.50 Billion.

Total companies traded were 391 compared to 391 from the previous session. Of the scrips traded 267 closed up, 100 closed down while 24 remained unchanged.

Total trades decreased by 9,610 to 143,001.

Value Traded decreased by 2.37 Billion to Rs.17.98 Billion

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