PSX Closing Bell: The Thin Red Line

June 15, 2021 (MNL): The Pakistan Stock Market (PSX) remained range-bound on Tuesday as the benchmark KSE-100 index, after oscillating between green and red zone, closed the day’s trade in consolidation on the back of profit booking.

The 100- index concluded the trading session with a loss of 93.52 points or a 0.19% decline to close at 48,632.56.

The investors adopted a cautious stance owing to news reports suggesting a delay in the 6th IMF review, as per the market closing note by Topline Securities.

On the sector front, refineries witnessed profit-taking and closed down by1.59% after news reports suggesting that refineries termed four clauses of the budget as ‘counterproductive’, the report added.

The Index traded in a range of 330.94 points or 0.68 percent of the previous close, showing an intraday high of 48,841.65 and a low of 48,510.71.

Of the 97 traded companies in the KSE100 Index 33 closed up 59 closed down, while 5 remained unchanged. Total volume traded for the index was 699.38 million shares.

Sector wise, the index was let down by Commercial Banks with 46 points, Oil & Gas Exploration Companies with 45 points, Refinery with 24 points, Textile Composite with 19 points and Fertilizer with 17 points.

The most points taken off the index was by PPL which stripped the index of 31 points followed by LUCK with 21 points, SYS with 18 points, ENGRO with 17 points and EFERT with 15 points.

Sectors propping up the index were Power Generation & Distribution with 80 points, Chemical with 12 points, Pharmaceuticals with 8 points, Oil & Gas Marketing Companies with 5 points and Tobacco with 3 points.

The most points added to the index was by HUBC which contributed 52 points followed by KEL with 29 points, TRG with 28 points, FFC with 18 points and PSO with 11 points.

All Share Volume increased by 6.72 Million to 1224.57 Million Shares. Market Cap decreased by Rs.12.61 Billion.

Total companies traded were 403 compared to 413 from the previous session. Of the scrips traded 143 closed up, 237 closed down while 23 remained unchanged.

Total trades decreased by 49,600 to 232,032.

Value Traded decreased by 14.68 Billion to Rs.28.17 Billion

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