January 03, 2022 (MLN): Pakistan Stock Exchange (PSX) has experienced a dull trading session on Tuesday as selling pressure was observed during trading hours which led the market to close in the red zone.
As a result, the benchmark KSE-100 index lost 185.26 points (0.45% DoD) to close at 40,630.64.
On the economic front, the country is in shallow water as CPI number is increased, Rupee is weakening, and less exports.
The benchmark KSE-100 index made an intraday high of 41,015.92 and an intraday low of 40,595.58 during the day.
By the session’s end, the total volumes of the KSE-100 index stood at 80.84mn shares, decreased by 24.87% DoD from 107.6mn shares traded on Monday.
Shares of 88 companies were traded on Tuesday, of which 59 recorded a fall, 26 registered an increase, whereas three remains unchanged.
In terms of sectors, most of the negative contributors were cement, commercial banks, and power gencos which negatively contributed 139 points. On the flip side, the chemical companies closed the session positively, gaining 22.77 points by the day’s end.
Meanwhile, the volume leaders on the benchmark index were SNGP (14.29mn), CNERGY (9.25mn), PPL (6.62mn), BAFL (5.81mn), and LOTCHEM (5.42mn).
The stocks that emerged as net losers during the day included: PAKT (4.56%), GADT (7.20%), PSMC (7.49%), ABOT (2.50%), and SRVI (3.18%). On the other hand, the scrips which gained the most during the session included COLG (1.60%), INDU (2.95%), POL (2.32%), SHFA (5.10%), and MTL (1.00%).
