PSX Closing Bell: The Bulls Awaken...

October 7, 2021 (MLN): The bulls staged a comeback at the Pakistan Stock exchange in today’s trading session as the benchmark KSE-100 Index managed to accumulate 212 points and concluded the session at 44,586 points i.e. up by 0.48% compared to yesterday’s close.

The market remained positive throughout the trading session, touching an intraday high of 44,947 points, as investors rejoiced a 7.7% DoD decline in international coal prices which is a raw material for cement.

Of the 95 traded companies in the KSE100 Index 54 closed up 35 closed down, while 6 remained unchanged. Total volume traded for the index was 111.94 million shares.

Sectors propping up the index were Cement with 101 points, Commercial Banks with 65 points, Technology & Communication with 36 points, Textile Composite with 23 points and Engineering with 7 points.

The most points added to the index was by TRG which contributed 40 points followed by CHCC with 26 points, HBL with 23 points, MLCF with 22 points and KTML with 20 points.

Sector wise, the index was let down by Chemical with 21 points, Fertilizer with 6 points, Oil & Gas Marketing Companies with 6 points, Sugar & Allied Industries with 5 points and Power Generation & Distribution with 4 points.

The most points taken off the index was by COLG which stripped the index of 17 points followed by ENGRO with 11 points, POL with 10 points, LUCK with 10 points and EPCL with 8 points.

All Share Volume increased by 43.28 Million to 296.04 Million Shares. Market Cap increased by Rs.30.04 Billion.

Total companies traded were 558 compared to 554 from the previous session. Of the scrips traded 311 closed up, 227 closed down while 20 remained unchanged.

Total trades decreased by 255 to 109,699.

Value Traded increased by 0.38 Billion to Rs.10.46 Billion

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