PSX Closing Bell: KSE-100 index move up by 23.34 points

November 24, 2022 (MLN): The Pakistan Stock Exchange (PSX) witnessed a range-bound session on Thursday as the benchmark KSE-100 index gained 23.34 points (0.05% DoD) to close the session at 42,903.65.

In the political sphere, the government has appointed a Chief of Army Staff (COAS). This much-awaited development has boosted buying activity on the trading floor for the time being.

In economic terms, things remain stagnant as the government is facing delays in IMF’s 9th review.

The benchmark KSE-100 index made an intraday high of 43,014.60 and an intraday low of 42,865.38 during the day.

By the session’s end, the total volumes of the KSE-100 index stood at 66.35mn shares, decreased by 14.74% DoD from 56.57mn shares traded on Wednesday.

In terms of sectors, most of the positive contributions came from fertilizer, tobacco, cement, investment banks, and power gencos which cumulatively added 72.56 points to the index tally by the day’s end.

Out of 91 companies’ shares traded today 50 companies recorded gains and 36 companies sustained losses and five company share remains unchanged.

Meanwhile, the volume leaders on the benchmark index were TRG (9.11mn), PTC (7.85mn), AVN (6.82mn), UNITY (5.10mn), and PPL (3.32mn).

The scrips which gained the most during the session included: NESTLE (0.72%), PAKT (5.98%), ICI (1.16%), HINOON (0.51%), and AVN (3.02%). On the other hand, the stocks that emerged as net losers during the day included MUREB (3.83%), INDU (1.01%), MTL (1.40%), ARPL (1.61%), and SYS (1.48%).

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