May 25, 2022 (MLN): The local bourse extended its losing momentum on Wednesday as the benchmark KSE-100 index endured notable selling pressure most of the day, witnessing an intraday low of  41,356.75 on the back of political chaos where former Prime Minister called for the long march.

Meanwhile, delay in the IMF program and tanking PKR have strengthened bears to lead the trading floor.

However, value hunting was observed in the last trading hour which led the benchmark KSE-100 index to gain 62.34 points to close the session at 42,012.66.

Of the 92 traded companies in the KSE100 Index 59 closed up 31 closed down, while 2 remained unchanged. The total volume traded for the index was 120.55 million shares.

Sectors propping up the index were Technology & Communication with 43 points, Cement with 24 points, Food & Personal Care Products with 19 points, Chemical with 18 points, and refinery with 17 points.

The most points added to the index were by TRG which contributed 21 points followed by MARI with 18 points, POL with 15 points, UNITY with 12 points, and SYS with 11 points.

Sector-wise, the index was let down by Fertilizer with 67 points, Oil & Gas Exploration Companies with 15 points, Commercial Banks with 7 points, Textile Composite with 4 points, and Oil & Gas Marketing Companies with 2 points.

The most points taken off the index was by EFERT which stripped the index of 49 points followed by FFC with 29 points, OGDC with 29 points, PPL with 19 points, and MCB with 12 points.

All Share Volume increased by 70.34 Million to 240.05 Million Shares. Market Cap increased by Rs.9.94 Billion.

Total companies traded were 324 compared to 318 from the previous session. Of the scrips traded 198 closed up, 103 closed down while 23 remained unchanged.

Total trades increased by 11,656 to 102,688.

Value Traded increased by 2.13 Billion to Rs.7.57 Billion

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