Home News PSX Closing Bell: Definitely Maybe

PSX Closing Bell: Definitely Maybe

PSX Closing Bell: Definitely Maybe

March 25, 2022 (MLN): The capital market witnessed another lackluster session due to the lack of new triggers and the ongoing political battle between Prime Minister Imran Khan and opposition parties over the no-confidence vote.

Meanwhile, the downward movement of the PKR and continued decline in foreign exchange reserves have eroded investor confidence.

As a result, the benchmark KSE-100 index closed the session at 43,551.15 with a meager gain of just 28.60 points

The Index traded within a range of 310.97 points or 0.71 percent from its previous close, with an intraday high of 43,686.35 and a low of 43,375.38.

Of the 90 companies traded in the KSE100 Index, 37 closed 52, while 1 remained unchanged. Total traded volume for the index was 68.44 million shares.

Sectors supporting the index were Commercial Banks at 35 points, Fertilizer at 28 points, Automobile Assembler at 9 points, Refinery at 8 points and Inv. Banks / Inv. cos. / Effects Cos. with 6 points.

The most points added to the index were by LUCK contributing 35 points, followed by HBL at 28 points, MEBL at 21 points, MTL at 13 points and EFERT at 12 points.

Sectorally, the index was let down by Oil & Gas Exploration Companies with 35 points, Technology & Communication with 20 points, Textile Composite with 9 points, Oil & Gas Marketing Companies with 7 points and Real Estate Investment Trust with 3 points.

The most points in the index were taken by SYS, which dropped the index by 17 points, followed by POL by 15 points, UBL by 11 points, CHCC by 10 points and OGDC by 10 points.

Total share volume increased by 12.15 million to 161.94 million shares. Market capitalization increased by Rs.11.43 billion.

The total number of companies traded was 320 compared to 334 from the previous session. Of the traded scrips, 162 are closed, 130 are closed and 28 have remained unchanged.

The total number of transactions decreased by 10,913 to 71,054.

Value Traded fell 1.49 billion to Rs.4.15 billion


Top ten by volume

Worldcall Telecom22,173,500Dost Steels9,828,000Cnergyico PK9,406.818Telecard7,680,869Pakistan International Bulk Terminal7,170,500TRG Pakistan6,324,642Pakistani Refinery6,195,845K-Electric5,963,000Pak Elektron(R)4,639,00028,41004Unity Foods


Top sector by volume

Technology and Communications42,153,058Refinery16,909,255Engineering12,468.452Food and Personal Care Products10,561,269Transportation 9,344,900Commercial Banks9,043,766Cement8,696,283Plastics8,576,805Energy Generation and Distribution7,957,232Chemicals

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Posted on: 2022-03-25T17:47:40+05:00


This post PSX Closing Bell: Definitely Maybe was original published at “https://mettisglobal.news/psx-closing-bell-definitely-maybe/”


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