Apr 08, 2022 (MLN): After a unanimous decision by the Supreme Court of Pakistan against the ruling of the Speaker of the National Assembly, bulls made a comeback on the Pakistan stock market, leading the benchmark KSE-100 index to close green higher by 658 points or 1.5% DoD and settled at the 44,444 point level.
The Index remained positive throughout the session, reaching an intraday high of 44,507.62
Of the 88 companies traded in the KSE100 Index, 74 closed, 13 closed, while 1 remained unchanged. Total traded volume for the index was 93.98 million shares.
Sectors supporting the index were Commercial Banks at 328 points, Oil & Gas Exploration Companies at 81 points, Cement at 52 points, Technology & Communication at 34 points and Fertilizer at 31 points.
The most points added to the index were from MEBL contributing 78 points, followed by UBL at 67 points, HBL at 45 points, MCB at 44 points and LUCK at 42 points.
Sector-wise, the index was let down by Power Generation & Distribution by 4 points, Insurance by 3 points, Real Estate Investment Trust by 1 point and Miscellaneous by 1 point.
The most points in the index were taken by HUBC, who decreased the index by 4 points, followed by IGIHL by 4 points, MUGHAL by 2 points, JVDC by 2 points and EFERT by 2 points.
Total share volume increased by 86.87 million to 227.89 million shares. Market capitalization increased by Rs.93.52 billion.
The total number of companies traded was 325 compared to 308 from the previous session. Of the scrips traded, 235 closed, 72 closed and 18 remained unchanged.
The total number of transactions increased by 13,051 to 83,225.
Traded value increased by 1.80 billion to Rs.6.79 billionOperating volume
Top ten by volumeTelecard 19,721,010 Ghani Global Holdings 17,718,500 Treet Corporation 16,879,000 Cnergyico PK 15,090,122 TPL Properties 14,224,737 Worldcall Telecom 9,884,500 Fauji Cement Company 9,060,000 First National Equities 8,634,500 K-Electric 6,916,000 Pakistani Refinery 5.006.172
Top sector by volumeTechnology and communication 41,672,589 Chemicals 24,756,090 Refinery 22,976,042 Food and personal care products 22,032,658 Cement 19,187,762 Commercial banks 15,461,472 Miscellaneous 14,840,137 Inv. Banks / Inv. cos. / Collateral Cos. 10,456,000 Power Generation and Distribution 10,165,910 Engineering 8,206,768
Copyright Mettis Link News
The post PSX Closing Bell: Mazel tov appeared first on Mettis Global News.
This post PSX Closing Bell: Mazel tov was original published at “https://mettisglobal.news/psx-closing-bell-mazel-tov/”