PSX Closing Bell: Tug of War

September 18, 2023 (MLN): The benchmark KSE-100 index remained range-bound throughout today's session in a tug-of-war between bulls and bears.

The index closed at 45,803.19 with a slight gain of 49.67 points or 0.11%. The market sentiment was mixed as investors weighed the impact of the SBP’s decision to keep the policy rate unchanged at 22%.

The index traded in a range of 244.38 points showing an intraday high of 45,907.08 (+153.56) and a low of 45,662.7 (-90.82) points.

Total Volume of the KSE100 Index was 38.483 million shares.

Of the 100 index companies 40 closed up, 48 closed down, 4 were unchanged while 8 remained untraded.

KSE100 index was supported by Oil & Gas Exploration Companies with 37.92, Commercial Banks with 36.46, Technology & Communication with 18.65, Power Generation & Distribution with 16.45 and Miscellaneous with 10.33 points.

Companies adding points to the index were MCB with 17.48, HUBC with 16.85, UBL with 15.69, SYS with 14.93 and MARI with 14.32 points.

KSE100 Index was let down by Cement with 42.47, Inv. Banks / Inv. Cos. / Securities Cos. with 19.03, Food & Personal Care Products with 8.02, Chemical with 6.9 and Fertilizer with 4.35 points.

Companies dragging the index lower were DAWH with 19.45, LUCK with 12.44, MEBL with 10.46, ENGRO with 9.53 and PIOC with 7.38 points.

In the broader market, the All-Share index closed at 30,495.51 with a net gain of 22.61 points.

Total market volume was 103.495 million shares compared to 222.531 from the previous session while traded value being recorded at 3.3 billion showing a decrease of Rs.7.76 billion.

There was 72,657 trades reported in 307 companies with 133 closing up, 144 closing down and 30 remaining unchanged.

KSE-100 Historical Performance

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