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PSX Closing Bell: What a Wonderful World

PSX Closing Bell: Lacklustre Performance
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April 04, 2023 (MLN): The capital market on Tuesday started on a negative note and sustained the downtrend throughout the day as investors anticipated a potential rate hike at the Monetary Policy Committee meeting later in the day. As a result, the market witnessed a significant intraday drop of 407.79 points.

However, investors' sentiments started improving after Supreme Court's verdict on the provincial elections in Punjab and Khyber Pakhtunkhwa as the buying activity was witnessed in the last trading hour. 

Accordingly, the benchmark KSE-100 index ended the trading session at 39,687.26, down by 202.64 points.

The Index traded in a range of 438.97 points or 1.10 percent of the previous close, showing an intraday high of 39,921.61 and a low of 39,482.64.

Of the 91 traded companies in the KSE100 Index 28 closed up 59 closed down, while 4 remained unchanged. The total volume traded for the index was 36.95 million shares.

Sector-wise, the index was let down by Oil & Gas Exploration Companies with 72 points, Commercial Banks with 32 points, Inv. Banks / Inv. Cos. / Securities Cos. with 19 points, Power Generation & Distribution with 14 points and Fertilizer with 12 points.

The most points taken off the index was by PPL which stripped the index of 25 points followed by ENGRO with 22 points, POL with 20 points, DAWH and OGDC with 18 points.

Sectors propping up the index were Miscellaneous with 11 points, Cement with 2 points, Modarabas, Food & Personal Care Products and Real Estate Investment Trust with 1 point each.

The most points added to the index were by PSEL which contributed 9 points followed by EFERT with 7 points, NESTLE and LUCK with 6 points and FATIMA with 4 points.

All Share Volume increased by 8.83mn to 83.26mn shares. Market Cap decreased by Rs23.91 billion.

The total companies traded were 295 compared to 298 from the previous session. Of the scrips traded 100 closed up, 175 closed down and 20 remained unchanged.

Total trades increased by 3,388 to 48,489.

Value Traded increased by 0.44bn to Rs2.19bn.

Company Volume

Top Ten by Volume

Telecard 10,944,500
Pakistan Petroleum 6,695,989
Hascol Petroleum 5,786,000
Worldcall Telecom 5,677,308
The Bank of Punjab 3,588,500
Oil & Gas Development Company 2,765,087
Pace (Pakistan) 2,740,000
Lotte Chemical Pakistan 2,287,810
Unity Foods 2,154,146
TPL Properties 1,960,008
Sector Volume

Top Sector by Volume

Technology & Communication 19,191,571
Oil & Gas Exploration Companies 9,528,641
Oil & Gas Marketing Companies 7,834,224
Commercial Banks 6,706,929
Property 4,701,508
Chemical 4,528,411
Power Generation & Distribution 4,394,508
Food & Personal Care Products 3,812,742
Cement 3,803,662
Refinery 2,447,312

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Posted on: 2023-04-04T16:02:59+05:00