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PSX Closing Bell: The Reluctant Fundamentals…

September 2, 2021 (MLN): The Pakistan Stock Exchange on Thursday finished the volatile session in red as profit-taking was witnessed at higher levels which dragged the benchmark index down by 510.40 points to close at 46,903.06-mark.

The market opened on a negative note as pessimism gripped the investors’ sentiments due to the all-time high trade deficit that clocked in at USD4.05bn during August 2021 that was led by the second highest ever imports and reduction in exports (down 4% MoM).

Moreover, the PKR depreciation against the greenback also kept investors' sentiments in check.

The Index traded in a range of 618.26 points or 1.30 percent of previous close, showing an intraday high of 47,491.32 and a low of 46,873.06.

Of the 95 traded companies in the KSE100 Index 16 closed up 77 closed down, while 2 remained unchanged. Total volume traded for the index was 168.36 million shares.

Sector wise, the index was let down by Commercial Banks with 138 points, Cement with 125 points, Fertilizer with 43 points, Oil & Gas Exploration Companies with 38 points and Technology & Communication with 32 points.

The most points taken off the index was by UBL which stripped the index of 41 points followed by HBL with 40 points, LUCK with 36 points, MCB with 30 points and CHCC with 25 points.

Sectors propping up the index were Refinery with 21 points, Tobacco with 2 points, Close – End Mutual Fund with 1 points and Cable & Electrical Goods with 1 points.

The most points added to the index was by NRL which contributed 8 points followed by PSX with 7 points, ATRL with 7 points, BYCO with 6 points and MARI with 4 points.

All Share Volume increased by 7.79 Million to 544.43 Million Shares. Market Cap decreased by Rs.66.71 Billion.

Total companies traded were 530 compared to 534 from the previous session. Of the scrips traded 139 closed up, 363 closed down while 28 remained unchanged.

Total trades increased by 18,947 to 156,331.

Value Traded increased by 1.70 Billion to Rs.16.07 Billion

Company Volume

Top Ten by Volume

Ghani Global Holdings 57,965,000
Worldcall Telecom 53,341,000
Azgard Nine 42,158,500
Service Fab(R) 34,891,500
Telecard 33,678,000
Byco Petroleum Pakistan 26,590,000
Yousaf Weaving Mills 20,435,000
TPL Corp 19,581,500
Kohinoor Spinning Mills 17,917,500
Silkbank 16,273,500


Sector Volume

Top Sector by Volume

Technology & Communication 126,822,071
Chemical 65,418,410
Textile Weaving 59,384,500
Textile Composite 45,259,600
Refinery 36,527,162
Commercial Banks 32,343,711
Textile Spinning 25,539,900
Cement 22,092,722
Miscellaneous 20,655,400
Food & Personal Care Products 20,006,196



Copyright Mettis Link News


Posted on: 2021-09-02T17:28:00+05:00


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