PSX Closing Bell: Rusty Cage

January 12, 2022 (MLN): The capital market on Wednesday opened on a positive note but remained dull throughout amid lack of fresh triggers.

The rising Covid-19 cases in the country kept the investors’ interests subdue which led them toward profit booking in the later hours. However, the benchmark KSE100 index managed to close in green after adding 35 points to conclude the session at 45,916.25.

The Index traded in a range of 342.32 points or 0.75 percent of previous close, showing an intraday high of 46,219.77 and a low of 45,877.45.

Of the 96 traded companies in the KSE100 Index 47 closed up 44 closed down, while 5 remained unchanged. Total volume traded for the index was 125.31 million shares.

Sectors propping up the index were Oil & Gas Exploration Companies with 53 points, Fertilizer with 21 points, Textile Composite with 11 points, Power Generation & Distribution with 10 points, and Investmnet banks / Inv. Cos. / Securities Cos. with 5 points.

The most points added to the index was by OGDC which contributed 18 points followed by PPL with 13 points, FFC with 12 points, MARI with 11 points and POL with 11 points.

Sector-wise, the index was let down by Technology & Communication with 31 points, Cement with 20 points, Food & Personal Care Products with 9 points, Engineering with 6 points and Commercial Banks with 6 points.

The most points taken off the index was by TRG which stripped the index of 31 points followed by MCB with 16 points, LUCK with 13 points, HBL with 10 points and NESTLE with 10 points.

All Share Volume increased by 175.28 million to 514.38 million shares. Market Cap increased by Rs11.12 billion.

Total companies traded were 377 compared to 363 from the previous session. Of the scrips traded 176 closed up, 169 closed down while 32 remained unchanged.

Total trades increased by 18,837 to 147,826.

Value Traded increased by 0.86 billion to Rs10.60 billion

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