KSE-100 index gains 186.90 Points, closing at 42,983.75

November 16, 2022 (MLN): The benchmark KSE-100 Index closed in the green zone on Wednesday, gaining 186.90 points (0.44%) to settle at 42,983.75 after making a high of 43,097.57 in intraday trading.

Throughout the session, Pakistan equities remained rangebound due to political uncertainty, and dollar shortage.

More importantly, the IMF program's 10th review is being delayed because of friction between authorities over revenue shortages and fiscal slippage that has shattered investors’ confidence.

By the session’s end, the total volumes of the KSE-100 index stood at 83.47mn shares, decreased by 14.21% DoD from 97.30mn shares traded on Thursday.

In terms of sectors, most of the positive contributions came from fertilizer, technology, investment banks, power gencos, and the chemical sector which cumulatively added 285.19 points to the index tally by the day’s end.

Out of 92 companies’ shares traded today 34 companies recorded gains and 51 companies sustained losses and seven companies’ share remains unchanged.

Meanwhile, the volume leaders on the benchmark index were UNITY (19.42mn), TRG (11.50mn), LOTCHEM (5.78mn), SNGP (4.51mn), and PPL (4.11mn).

The scrips which gained the most during the session included: PAKT (2.20%), ENGRO (5.88%), PSEL (1.89%), TRG (5.32%), and SRVI (1.86%). On the other hand, the stocks that emerged as net losers during the day included ARPL (1.73%), PKGS (1.94%), THALL (2.17%), INDU (0.47%), and HCAR (1.64%).

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