PSX Closing Bell: Still Remains

January 13, 2021 (MLN):  Pakistan equities were buoyed today amid a string of industrial growth data, continuous rise in international oil prices along with gradual progress towards the vaccine.

The market gained impetus from the buying activity that witnessed in all the sectors as per Next Capital’s closing note. 

The LSMI output increased by 14.46% for November 2020 compared to November 2019 and 1.35% if compared to October 2020, showing a sign of economic recovery.

Today, the Pakistan stock market crossed 46,000-mark for the first time in over 32 months. The benchmark KSE-100 Index ended Wednesday’s trading session in a green territory with a 170 points or 0.37 percent gain to close at 46,091.96-level.

The Index remained positive throughout the session touching an intraday high of 46,315.92.

Of the 98 traded companies in the KSE100 Index, 58 closed up 39 closed down, while 1 remained unchanged. The total volume traded for the index was 466.27 million shares.

Sectors propping up the index were Technology & Communication with 76 points, Cement with 72 points, Textile Composite with 48 points, Commercial Banks with 42 points and Engineering with 23 points.

The most points added to the index was by SYS which contributed 48 points followed by TRG with 27 points, PIOC with 20 points, HBL with 20 points and INIL with 19 points.

Sector-wise, the index was let down by Power Generation & Distribution with 21 points, Chemical with 17 points, Tobacco with 17 points, Automobile Assembler with 16 points and Glass & Ceramics with 13 points.

The most points taken off the index was by UBL which stripped the index of 24 points followed by PAKT with 17 points, DAWH with 15 points, MTL with 15 points and KEL with 15 points.

All Share Volume increased by 19.39 Million to 845.28 Million Shares. Market Cap increased by Rs.1.98 Billion.

Total companies traded were 437 compared to 414 from the previous session. Of the scrips traded 237 closed up, 183 closed down while 17 remained unchanged.

Total trades increased by 34,140 to 208,179.

Value Traded increased by 5.72 Billion to Rs.26.86 Billion

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