PSX sees profit booking today

  • Post author:
  • Post category:Uncategorized
  • Reading time:2 mins read

Market saw profit booking today after testing 46k level a number of times during the week. The index oscillated between -239pts and +181pts during the session and closed -103pts. Selling activity was observed in Banks, Cement, E&P sectors, which was caused by a host of reasons including a slight decline in international crude oil prices. Among fertilizer sector stocks, FFBL performed well on the back of subsidy on DAP, being announced and taken into effect. Delay in issuance of textile policy, which was earlier scheduled to be announced yesterday is now postponed for tomorrow. Among scrips, HUMNL topped the volumes with 57.5M shares, followed by KEL (45.6M) and FFBL (25.8M).

· The Index closed at 45,989pts as against 46,092pts showing a decline of 103pts (-0.2% DoD). Sectors contributing to the performance include E& (-70pts), Cement (-31pts), Fertilizer (-17pts), Pharma (-14pts) and Technology (-20pts).

· Volumes declined from 845.2mn shares to 620.7mn shares (-27% DoD). Average traded value also declined by 26% to reach US$ 123.7mn as against US$ 167.7mn.

· Stocks that contributed significantly to the volumes include HUMNL, KEL, FFBL, KAPCO and KOSM, which formed 28% of total volumes.

· Stocks that contributed positively to the index include KAPCO (+23pts), SYS (+20pts), COLG (+15pts), GHGL (+13pts) and PAKT (+13pts). Stocks that contributed negatively include OGDC (-34pts), ENGRO (-18pts), HUBC (-17pts), PPL (-16pts) and POL (-14pts).

Sharing is caring

Leave a Reply