PSX Closing Bell: Take it Slow

March 06, 2023 (MLN): The capital market kicked off the week on a bullish note on the back of optimism on the IMF front. As a result, the market soared to an intraday high of 41,797.71 points.

Meanwhile, the upward trajectory of the Pakistani rupee (PKR) against the US Dollar on the rollover of the Chinese loans further boosted investor confidence. 

However, in the later hours, the investors opted for profit booking which led the benchmark KSE100 index to close the session at 41,434.33, up by only 97.33 points. 

Of the 94 traded companies in the KSE100 Index 54 closed up 35 closed down, and 5 remained unchanged. The total volume traded for the index was 96.27 million shares.

Sectors propping up the index were Miscellaneous with 61 points, Oil & Gas Exploration Companies with 36 points, Cement with 35 points, Technology & Communication with 32 points, and Pharmaceuticals with 9 points.

The most points added to the index were by PSEL which contributed 60 points followed by PPL with 43 points, TRG with 19 points, LUCK with 16 points, and ABOT with 15 points.

Sector-wise, the index was let down by Fertilizer with 32 points, Food & Personal Care Products with 20 points, Chemical with 12 points, Oil & Gas Marketing Companies with 8 points, and Commercial Banks with 7 points.

The most points taken off the index was by EFERT which stripped the index of 14 points followed by ENGRO, UBL & MARI with 11 points and RMPL with 10 points.

All Share Volume increased by 26.73mn to 221.55mn shares. Market Cap decreased by Rs8.57 billion.

The total companies traded were 334 compared to 342 from the previous session. Of the scrips traded 206 closed up, 111 closed down and 17 remained unchanged.

Total trades increased by 8,933 to 109,704.

Value Traded decreased by 0.52bn to Rs7.25bn.

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