PSX Closing Bell: Use Well the Days

June 09, 2022 (MNL): Domestic equities remained in a bullish territory throughout the day on the back of news that a staff-level agreement with the International Monetary Fund (IMF) is likely to reach by next week.

Further, the investors’ sentiments remained upbeat ahead of the budget announcement tomorrow.

Further, activities were seen in the technology sector as the Prime Minister aimed to support the IT sector and pointed the exports to reach around $15bn in 2 years.

Resultantly, the benchmark KSE100 index ended the trading session on Thursday with a 182.80 point or 0.44 percent gain to close at 41,735.96.

The index remained positive throughout the session touching an intraday high of 41,997.22

Of the 94 traded companies in the KSE100 Index 59 closed up 31 closed down, while 4 remained unchanged. Total volume traded for the index was 66.32 million shares.

Sectors propping up the index were Oil & Gas Exploration Companies with 44 points, Technology & Communication with 32 points, Power Generation & Distribution with 30 points, Pharmaceuticals with 29 points and Inv. Banks / Inv. Cos. / Securities Cos. with 23 points.

The most points added to the index were by SYS which contributed 26 points followed by DAWH with 23 points, POL with 22 points, HUBC with 20 points and UBL with 16 points.

Sector-wise, the index was let down by Commercial Banks with 26 points, Leather & Tanneries with 2 points, Paper & Board with 1 point, Modarabas with 1 point and Close-End Mutual Fund with 1 point.

The most points taken off the index was by MEBL which stripped the index of 12 points followed by HBL with 10 points, BAHL with 10 points, EFERT with 7 points and MCB with 7 points.

All Share Volume increased by 84.23 Million to 235.35 Million Shares. Market Cap increased by Rs.25.61 Billion.

Total companies traded were 328 compared to 321 from the previous session. Of the scrips traded 178 closed up, 120 closed down while 30 remained unchanged.

Total trades increased by 24,893 to 98,642.

Value Traded increased by 0.99 Billion to Rs.5.47 Billion

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