PSX Closing Bell: Too Much of Nothing

April 22, 2022 (MLN): The domestic equities observed yet another volatile session on Friday as the benchmark KSE-100 Index succumbed to the selling pressure due to the absence of positive triggers and higher commodities prices.

Further, owing to rising T-bill yields and ongoing economic challenges, the market remained under pressure.

Accordingly, the 100-index ended the trading session with a 99.60 points or 0.22 percent decline to close at 45,553.02.

The index traded in a range of 275.37 points or 0.60 percent of the previous close, showing an intraday high of 45,776.23 and a low of 45,500.86.

For the week, the market witnessed all five sessions finish in red as the index plunged by 1,048.52 points or 2.25%.

Of the 92 traded companies in the KSE100 Index today, 42 closed up, 50 closed down, while 0 remained unchanged. The total volume traded for the index was 89.52 million shares.

Sector-wise, the index was let down by Miscellaneous with 67 points, Chemical with 31 points, Fertilizer with 26 points, Commercial Banks with 25 points and Power Generation & Distribution with 21 points.

The most points taken off the index was by PSEL which stripped the index of 66 points followed by KAPCO with 21 points, COLG with 20 points, PAKT with 17 points and DAWH with 16 points.

Sectors propping up the index were Oil & Gas Exploration Companies with 54 points, Technology & Communication with 31 points, Textile Composite with 18 points, Food & Personal Care Products with 13 points and Oil & Gas Marketing Companies with 8 points.

The most points added to the index was by POL which contributed 20 points followed by PPL with 19 points, SYS with 16 points, OGDC with 16 points and TRG with 15 points.

All Share Volume increased by 31.13 Million to 217.57 Million Shares. Market Cap decreased by Rs.10.24 Billion.

Total companies traded were 316 compared to 311 from the previous session. Of the scrips traded 162 closed up, 132 closed down while 22 remained unchanged.

Total trades decreased by 2,801 to 77,215.

Value Traded decreased by 0.32 Billion to Rs.5.30 Billion

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