PSX closing bell: New damage
KARACHI: The market witnessed a profit taking session on the first day of the week as investors hang on for the MSCI decision which is going to be announced today, leading the benchmark KSE-100 index to close negative at 46,918 level, down by 39 points DoD.
Also, investors were concerned about the swelling trade deficit (+120% YoY), lower cement despatches in 2MFY21, PKR depreciation and supply chain disruption resulting in cost pressure for the industries were the prime reasons behind lackluster activities, a report by Pearl Securities cited.
The Index traded in a range of 201.99 points or 0.43 percent of previous close, showing an intraday high of 47,087.84 and a low of 46,885.85.
Of the 96 traded companies in the KSE100 Index 37 closed up 57 closed down, while 2 remained unchanged. Total volume traded for the index was 94.85 million shares.
Sector wise, the index was let down by Fertilizer with 32 points, Cement with 30 points, Refinery with 16 points, Engineering with 12 points and Inv. Banks / Inv. Cos. / Securities Cos. with 9 points.
The most points taken off the index was by ENGRO which stripped the index of 20 points followed by UBL with 18 points, HBL with 15 points, SEARL with 13 points and LUCK with 11 points.
Sectors propping up the index were Miscellaneous with 35 points, Technology & Communication with 27 points, Oil & Gas Exploration Companies with 18 points, Commercial Banks with 7 points and Chemical with 6 points.
The most points added to the index was by PSEL which contributed 35 points followed by MEBL with 28 points, MARI with 19 points, SYS with 18 points and BAHL with 12 points.
All Share Volume decreased by 47.13 Million to 417.85 Million Shares. Market Cap increased by Rs.4.53 Billion. - Mettis Global News