PSX Closing Bell: Zombie

May 23, 2023 (MLN): The trading floor on Tuesday remained dull for most of the session owing to the absence of positive triggers.

While in the later hours, investors preferred to sell their stock on the back of economic uncertainity which led the benchmark KSE-100 index to close at 41,099.3, showing a decrease of 95.76 points.

The index traded in a range of 196.94 points showing an intraday high of 41,295.64 and a low of 41,098.7.

The total Volume of the KSE100 Index was 43.774 million shares.

Of the companies in KSE100 33 closed up, 56 closed down, 4 were unchanged while 7 remained untraded.

KSE100 Index was let down by Oil & Gas Exploration Companies with 32.32, Commercial Banks with 19.35, Power Generation & Distribution with 17.17, Oil & Gas Marketing Companies with 16.07 and Cement with 13.26 points.

Companies dragging the index lower were HUBC with 17.17, OGDC with 15.54, PPL with 11.6, PSO with 10.12 and EFERT with 7.41 points.

KSE100 index was supported by Textile Composite with 8.27, Food & Personal Care Products with 4.68, Fertilizer with 4.66, Textile Spinning with 3.54 and Automobile Parts & Accessories with 3.21 points.

Companies adding points to the index were UPFL with 13.73, ENGRO with 12.43, ABL with 11.23, SYS with 9.46 and GATM with 6.35 points.

In the broader market, the All-Share index closed at 27,363.29 with a net loss of 33.13 points.

The total market volume was 91.494 million shares with the traded value being recorded at 2.38 billion.

There were 51,874 trades reported in 300 companies with 114 closing up, 149 closing down and 37 remaining unchanged.

Copyright Mettis Link News