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PSX Closing Bell: The Gathering Storm

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March 9, 2022 (MLN): Bulls dominated Pakistan Stock Exchange on Wednesday, gaining 165 (0.38%) points to close the benchmark session at 43,042 level.

The bullish rally stemmed from the excessive buying observed across the board in the midst of political uncertainty, coupled with the status quo maintained by the Monterey Policy Committee (MPC) on the back of anticipation that current rate could gradually tame the inflation rate, a report by Aba Ali Habib Securities cited.

Furthermore, international oil prices cooled down modestly in intraday also boosted the investors’ confidence.

The Index traded in a range of 352.91 points or 0.82 percent of previous close, showing an intraday high of 43,218.13 and a low of 42,865.22.

Of the 94 traded companies in the KSE100 Index 54 closed up 34 closed down, while 6 remained unchanged. Total volume traded for the index was 82.23 million shares.

Sectors propping up the index were Technology & Communication with 75 points, Fertilizer with 63 points, Oil & Gas Exploration Companies with 18 points, Cement with 13 points and Automobile Parts & Accessories with 6 points.

The most points added to the index was by SYS which contributed 48 points followed by EFERT with 26 points, TRG with 24 points, ENGRO with 23 points and MLCF with 18 points.

Sector wise, the index was let down by Commercial Banks with 16 points, Refinery with 6 points, Power Generation & Distribution with 5 points, Transport with 5 points and Textile Composite with 4 points.

The most points taken off the index was by LUCK which stripped the index of 25 points followed by BAFL with 13 points, BAHL with 11 points, HMB with 8 points and PIBTL with 5 points.

All Share Volume decreased by 42.40 Million to 183.71 Million Shares. Market Cap decreased by Rs.1.10 Billion.

Total companies traded were 341 compared to 343 from the previous session. Of the scrips traded 148 closed up, 167 closed down while 26 remained unchanged.

Total trades decreased by 23,456 to 90,660.

Value Traded decreased by 1.05 Billion to Rs.6.07 Billion

Company Volume

Top Ten by Volume

Ghani Global Holdings 12,791,000
Pakistan International Bulk Terminal 12,531,500
TPL Properties 11,135,847
Telecard 10,753,529
TPL Corp 10,655,500
TRG Pakistan 8,723,605
Unity Foods 7,763,015
Treet Corporation 7,366,500
Worldcall Telecom 6,843,500
Flying Cement(R) 6,695,000

 

Sector Volume

Top Sector by Volume

Technology & Communication 41,377,427
Cement 22,555,225
Food & Personal Care Products 19,720,538
Chemical 16,658,541
Transport 12,918,900
Miscellaneous 11,965,047
Commercial Banks 10,425,131
Power Generation & Distribution 9,880,058
Oil & Gas Exploration Companies 5,568,603
Refinery 4,456,018

 

 

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Posted on: 2022-03-09T17:25:34+05:00

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