PSX Closing Bell: The Lost Highway

July 20, 2022 (MLN): The capital market on Wednesday opened on a negative note on the back of prevailing uncertainty on the political front and continuous depreciation of the Pakistani rupee (PKR). However, in the later hours, the trading floor witnessed value hunting which led the benchmark KSE-100 index to close at 40,459.70 with a meager gain of 70.63 points.

The Index traded in a range of 398.84 points or 0.99 percent of previous close, showing an intraday high of 40,534.07 and a low of 40,135.23.

Of the 92 traded companies in the KSE100 Index 49 closed up 42 closed down, while 1 remained unchanged. Total volume traded for the index was 69.28 million shares.

Sectors propping up the index were Oil & Gas Exploration Companies with 73 points, Commercial Banks with 29 points, Oil & Gas Marketing Companies with 16 points, Power Generation & Distribution with 14 points and Technology & Communication with 12 points.

The most points added to the index was by PPL which contributed 37 points followed by OGDC with 30 points, BAHL with 25 points, TRG with 15 points and HUBC with 14 points.

Sector wise, the index was let down by Chemical with 33 points, Fertilizer with 24 points, Automobile Assembler with 13 points, Cement with 10 points and Food & Personal Care Products with 7 points.

The most points taken off the index was by EFERT which stripped the index of 26 points followed by EPCL with 23 points, COLG with 11 points, CHCC with 8 points and ENGRO with 8 points.

All Share Volume decreased by 53.12 million to 141.75 million shares. Market Cap increased by Rs9.52 billion.

Total companies traded were 325 compared to 339 from the previous session. Of the scrips traded 136 closed up, 169 closed down while 20 remained unchanged.

Total trades decreased by 25,391 to 84,079.

Value Traded decreased by 1.29 billion to Rs4.50 billion

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