PSX Closing Bell: The Crocodile's Dilemma

December 01, 2021 (MLN): Pakistan equities recovered yesterday's losses as the investors cheered the news of the country’s reclassification from MSCI’s Emerging Markets index to Frontier Markets index.

Meanwhile, the historic jump of 30% in November’s exports, and the drop in international commodities prices abetted the benchmark KSE-100 index to gain 296.76 points to settle the trade at 45,369.14.

Owing to the presence of positive triggers, the100 index remained positive throughout the session, observed an intraday high of 45,460.73.

Of the 95 traded companies in the KSE100 index, 61 closed up 31 closed down, while 3 remained unchanged. The total volume traded for the index was 85.04 million shares.

Sectors propping up the index were cement with 113 points, commercial banks with 85 points, fertilizer with 32 points, oil & gas exploration companies with 20 points, and power generation & distribution with 16 points.

The most points added to the index were by LUCK which contributed 44 points followed by UBL with 31 points, HBL with 23 points, CHCC with 19 points, and DGKC with 18 points.

Sector-wise, the index was let down by Technology & Communication with 7 points, Paper & Board with 6 points, Tobacco with 5 points, Insurance with 3 points and Miscellaneous with 2 points.

The most points taken off the index was by SYS which stripped the index of 21 points followed by OGDC with 17 points, NML with 7 points, PKGS with 6 points, and SNGP with 6 points.

All share volume decreased by 170.40 million to 241.07 million shares. Market cap increased by Rs.30.48 billion.

Total companies traded were 337 compared to 345 from the previous session. Of the scrips traded 209 closed up, 108 closed down while 20 remained unchanged.

Total trades decreased by 60,773 to 94,927.

Value Traded decreased by 25.60 Billion to Rs.9.22 Billion

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