PSX Closing Bell: Feeling Good

April 20, 2023 (MLN): The capital market on Thursday enjoyed bullish momentum as the investors cheered the improved macros along with corporate results which helped the market sentiments to improve. 
On the economic front, Pakistan's Current Account Balance (CAB) recorded a $654 million surplus in March 2023 while Foreign direct investment (FDI) in Pakistan stood at $163.4mn in March 2023, registering a notable surge of 61.8% MoM.
In addition to it, the earning season kept the investors motivated as the companies including CLOG, HMB, and BAHL posted a surge in profitability while ENGRO announced a 400% interim cash dividend.
As a result, the benchmark KSE-100 index ended the trading session with a gain of 508.48 points to close at 41,007.82, marking an intraday high of 41,086.78.

Of the 92 traded companies in the KSE100 Index 70 closed up 18 closed down, while 4 remained unchanged. The total volume traded for the index was 72.51 million shares.
Sectors propping up the index were Commercial Banks with 170 points, Fertilizer with 151 points, Inv. Banks / Inv. Cos. / Securities Cos. with 68 points, Cement and Power Generation & Distribution with 36 points.
The most points added to the index were by ENGRO which contributed 133 points followed by DAWH with 65 points, BAHL with 62 points, HUBC with 35 points, and UBL with 31 points.
Sector-wise, the index was let down by Miscellaneous with 25 points, Automobile Assembler with 12 points, Insurance with 9 points and Engineering with 1 point.
The most points taken off the index were by PSEL which stripped the index of 31 points followed by MTL with 14 points, EFUG with 10 points, POL with 6 points and SYS with 5 points.
All Share Volume increased by 89.63mn to 173.79mn shares. Market Cap increased by Rs59.18 billion.
The total companies traded were 309 compared to 291 from the previous session. Of the scrips traded 192 closed up, 100 closed down and 17 remained unchanged.
Total trades increased by 24,847 to 72,246.
Value Traded increased by 2.1bn to Rs5.72bn.



Company
Volume



Top Ten by Volume



Worldcall Telecom
22,202,737


Fauji Foods
21,927,736


Pakistan Refinery
11,539,538


Hascol Petroleum
7,486,000


Engro Corporation
5,244,073


Silkbank
5,102,500


Telecard
4,917,764


Cnergyico PK
4,122,265


Meezan Bank
3,552,523


K-Electric
3,435,205



 



Sector
Volume



Top Sector by Volume



Technology & Communication
31,004,005


Food & Personal Care Products
25,400,455


Commercial Banks
25,010,983


Refinery
16,482,307


Oil & Gas Marketing Companies
10,852,107


Cement
10,212,049


Power Generation & Distribution
9,415,677


Chemical
8,734,621


Fertilizer
8,315,720


Oil & Gas Exploration Companies
5,202,935



Copyright  Mettis Link News
 
Posted on: 2023-04-20T15:43:41+05:00
The post PSX Closing Bell: Feeling Good appeared first on Mettis Global Link .