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PSX Closing Bell: Runaway

March 29, 2023 (MLN): Domestic equities on Wednesday endured notable selling pressure as the International Monetary Fund (IMF) rejected the initial version of the proposal for the petrol subsidy and asked to submit the complete plan. 

The continuous delay on the IMF front has left investors uninterested in the local bourse which led the benchmark KSE-100 index to end the trading session with a loss of 202.48 points at 39,879.89.

The Index traded in a range of 318.62 points or 0.79 percent of the previous close, showing an intraday high of 40,187.61 and a low of 39,868.99.

Of the 92 traded companies in the KSE100 Index 20 closed up 65 closed down, while 7 remained unchanged. The total volume traded for the index was 44.77 million shares.

Sector-wise, the index was let down by Commercial Banks with 50 points, Miscellaneous with 32 points, Technology & Communication with 23 points, Oil & Gas Exploration Companies with 21 points and Cement with 20 points.

The most points taken off the index was by PSEL which stripped the index of 38 points followed by HBL with 25 points, PPL with 20 points, ENGRO with 18 points and PAKT with 17 points.

Sectors propping up the index were Automobile Assembler with 30 points, Property with 6 points, Inv. Banks / Inv. Cos. / Securities Cos. with 4 points, Paper & Board and Real Estate Investment Trust with 1 point each.

The most points added to the index were by MTL which contributed 24 points followed by EFERT with 21 points, POL with 9 points, SHFA and JVDC with 6 points each.

All Share Volume increased by 21.58mn to 108.80mn shares. Market Cap decreased by Rs43.12 billion.

The total companies traded were 303 compared to 300 from the previous session. Of the scrips traded 72 closed up, 194 closed down while 37 remained unchanged.

Total trades decreased by 385 to 45,682.

Value Traded decreased by 0.10bn to Rs3.21bn.

Company Volume

Top Ten by Volume

Telecard 12,447,500
Worldcall Telecom 9,398,662
Pakistan Aluminium Beverage Cans 7,638,000
Pakistan International Bulk Terminal 6,018,500
Nishat Mills 4,517,879
Shifa International Hospitals 4,299,000
Pak Elektron 4,048,000
Agha Steel Ind.Ltd 2,763,500
Dewan Farooque Motors 2,540,000
Hascol Petroleum 2,081,000
Sector Volume

Top Sector by Volume

Technology & Communication 26,012,645
Miscellaneous 12,108,850
Commercial Banks 9,108,366
Transport 6,337,100
Cement 5,884,623
Textile Composite 5,287,429
Cable & Electrical Goods 5,273,400
Power Generation & Distribution 4,548,590
Engineering 4,482,091
Oil & Gas Marketing Companies 4,388,887

 

 

Copyright Mettis Link News

 

Posted on:2023-03-29T15:31:49+05:00

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