Pakistan Inventory Alternate (PSX) edged decrease for the third straight session on Monday, with the benchmark KSE-100 Index shedding 277.87 factors (-0.43 %) to shut at 64,237.02 factors.
The market opened on a constructive word however took a dip quickly. Nevertheless, sturdy shopping for took the indices in inexperienced territory once more and the benchmark index gained over 550 factors to breach the 65,000 factors degree. Nevertheless, promoting stress persevered for the rest of the session amid a scarcity of constructive triggers, which led to a gradual decline out there. The benchmark index traded in a variety of 885.91 factors, displaying an intraday excessive of 65,069.43 factors and an intraday low of 64,183.52 factors. Amongst different indices, the KSE All Share Index shed 250.25 factors (-0.58 %) to shut at 43,116.34 factors. Equally, the KMI All Share Islamic Index shed 179.89 factors (-0.57 %) to shut at 31,639.59 factors.
Complete volumes traded for the KSE-100 Index decreased by 403.51 million shares to 314.52 million shares towards 718.03 million traded within the earlier session. Equally, the general market volumes decreased by 475.55 million shares to 484.01 million shares towards 949.56 million shares traded a session earlier. Amongst scrips, KEL topped the volumes with 168.81 million shares (round 35 % of complete traded volumes), adopted by WTL (21.98 million) and PIAA (17.94 million). Shares that contributed considerably to the volumes included KEL, WTL, PIAA, PTC, and CNERGY, which shaped round 50 % of complete volumes.
A complete of 356 firms traded shares within the inventory change towards 361 within the earlier session, out of which shares of 103 closed up, shares of 222 firms closed down whereas shares of 31 firms remained unchanged. A complete of 96 firms traded shares within the KSE-100 Index towards the identical variety of firms within the earlier session, out of which share costs of 26 firms closed up, 66 firms closed down and 4 remained unchanged.
The variety of complete trades decreased to 186,823 from 229,927 recorded within the earlier session, whereas the worth traded decreased by Rs6.62 billion to Rs12.74 towards Rs19.36 billion within the earlier session.
When it comes to rupee, PSMC remained the highest gainer with a rise of Rs50.46 (+7.5 %) per share, closing at Rs723.31. The runner-up remained RCML, the share worth of which climbed up by Rs35 (+6.48 %) to Rs575. NESTLE remained the highest loser with a lower of Rs150 (-1.79 %) per share, closing at Rs8,250, adopted by SFL, the share worth of which fell by Rs135 (-7.5 %) to shut at Rs1,665 per share.
The key sectors taking the index in the direction of south have been business banks (137 factors), oil & gasoline exploration firms (93 factors), cement (87 factors), oil and gasoline advertising firms (56 factors), know-how & communication (46 factors), textile composite (27 factors), energy technology and distribution and refinery (20 factors every), and prescribed drugs and leather-based and tanneries (12 factors every). Ten main firms depriving the index of factors remained UBL (35 factors), PPL (26 factors), OGDC (18 factors), TRG (16 factors), PSO (15 factors), ILP, FFBL and MCB (14 factors every), SNGP (11 factors), and HBL (10 factors).
The key sectors taking the index in the direction of north remained fertilizer (226factors), funding financial institution/ funding firms/ securities firms (40 factors), miscellaneous (19 factors), Artificial and rayon (eight factors), and glass and ceramics (6 factors).
Ten main firms including factors to the index remained ENGRO (92 factors), EFERT (45 factors), DAWH (23 factors), PSMC (20 factors), PSEL (10 factors), IBFL and NATF (5 factors every), BAHL (four factors), MEHT and FFC (three factors every).