PSX Closing Bell: Sit Tight

March 07, 2023 (MLN): Amidst a lack of fresh triggers, the capital market on Tuesday remained range bound which led the benchmark KSE100 index to lose 99.64 points to conclude the session at 41,334.69.

The investors opted 'wait and see' approach as additional conditions pertaining to the balance of payment put forth by the IMF, according to news reports. 

The Index traded in a range of 194.44 points or 0.47 percent of the previous close, showing an intraday high of 41,529.13 and a low of 41,334.69.

Of the 92 traded companies in the KSE100 Index 32 closed up 57 closed down, while 3 remained unchanged. The total volume traded for the index was 87.91 million shares.

Sector-wise, the index was let down by Miscellaneous with 62 points, Oil & Gas Exploration Companies with 56 points, Commercial Banks with 38 points, Oil & Gas Marketing Companies with 10 points and Food & Personal Care Products with 8 points.

The most points taken off the index was by PSEL which stripped the index of 61 points followed by OGDC with 20 points, PPL with 18 points, MCB and MEBL with 16 points.

Sectors propping up the index were Cement with 70 points, Tobacco with 15 points, Property with 5 points, Cable & Electrical Goods with 4 points and Technology & Communication with 3 points.

The most points added to the index were by HBL which contributed 36 points followed by PAKT with 15 points, KOHC with 14 points, PIOC and MLCF with 13 points.

All Share Volume decreased by 61.45mn to 160.10mn shares. Market Cap decreased by Rs11.09 billion.

The total number of companies traded was 322 compared to 334 from the previous session. Of the scrips traded 141 closed up, 161 closed down and 20 remained unchanged.

Total trades decreased by 35,494 to 74,210.

Value Traded decreased by 1.91bn to Rs.5.34bn

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