PSX Closing Bell: Undertow

December 07, 2021 (MLN): In line with global equities, the Pakistan Stock Exchange also witnessed positive momentum throughout the trading on Tuesday as bulls remained dominant across the board leading the benchmark KSE-100 index to close in green amid the higher cement despatches reported in November.

Ahsan Mehanti, Director Arif Habib Group told Mettis Global, stocks rallied on Tuesday due to an increase in cement sales. Meanwhile, the rise in oil prices also supported a bullish close as concerns about the impact of the Omicron variant on fuel demand eased.

Topline Securities in its market wrap said, “The market made an intraday high of 78 5points as investors cheered the news flow regarding PDM where they deferred resignation and hold “Mahngai March” in March.”

The index remained positive throughout the session touching an intraday high of 44,065.89.

Of the 95 traded companies in the KSE100 Index 73 closed up 20 closed down, while 2 remained unchanged. Total volume traded for the index was 89.33 million shares.

Sectors propping up the index were Oil & Gas Exploration Companies with 115 points, Technology & Communication with 114 points, Cement with 85 points, Food & Personal Care Products with 33 points and Refinery with 27 points.

The most points added to the index was by TRG which contributed 68 points followed by OGDC with 54 points, PPL with 46 points, LUCK with 33 points and SYS with 26 points.

Sector wise, the index was let down by Glass & Ceramics with 1 points, Textile Spinning with 1 points and Leasing Companies with 1 points.

The most points taken off the index was by ENGRO which stripped the index of 20 points followed by UBL with 10 points, COLG with 9 points, PKGS with 8 points and KEL with 7 points.

All Share Volume increased by 52.47 Million to 229.38 Million Shares. Market Cap increased by Rs.97.56 Billion.

Total companies traded were 347 compared to 314 from the previous session. Of the scrips traded 247 closed up, 82 closed down while 18 remained unchanged.

Total trades increased by 18,047 to 108,086.

Value Traded increased by 2.29 Billion to Rs.8.37 Billion


Top Ten by Volume

TPL Properties15,710,000
Treet Corporation14,764,000
Hascol Petroleum11,357,782
Unity Foods9,984,465
Byco Petroleum Pakistan9,517,000
Worldcall Telecom8,062,500
Oil & Gas Development Company7,907,015
Ghani Global Holdings7,133,500
TRG Pakistan6,930,326



Top Sector by Volume

Technology & Communication53,438,259
Food & Personal Care Products33,854,495
Oil & Gas Marketing Companies16,477,563
Oil & Gas Exploration Companies13,775,452
Commercial Banks12,719,945



Copyright Mettis Link News


Posted on: 2021-12-07T17:31:08+05:00