DAILY MARKET WRAP

The Pakistan Stock Exchange (PSX) ended the week on a flat note. Indices swung high and low before settling with minimal change. Volume grew compared to last session.

Global equity markets showed positive trend. Crude oil prices moved north, with WTI crude oil rising by 0.70% to $82.31. While Brent crude oil was up by 0.59% to $85.76. (As at 4:49 PM PST, Source: Investing.com).

The benchmark KSE 100 index lost 0.46% WoW. During the session, it swung between intraday high of 78,784.23 (gaining 255.98 pts) and intraday low of 78,312.36 (losing 215.89 pts). The index closed the day flat by negative 83.29 pts at 78,444.96. The KMI 30 index went up by 116.65 pts to end the day at 126,424.27. While the KSE All share index grew by 196.52 pts, ending the day at 49,683.75.

Investor activity surged from 279.27 mn shares the in the last session to 346.92 mn shares. Pakistan Telecommunication Company Limited (PTC +9.08%), K-Elektric Limited (KEL -0.86%) and Worldcall Telecom Limited (WTL +0.80%), witnessed highest market volumes. The scrips had 70.99 mn shares, 18.70 mn shares and 13.19 mn shares traded, respectively.

Sectors dragging the benchmark KSE 100 index lower included, Banking sector (-112.90 pts), Power Generation and Distribution sector (-34.56 pts) and Oil and Gas Exploration sector (-32.53 pts). MCB Bank Limited (MCB -131.10 pts), United Bank Limited (UBL -61.72 pts) and The Hub Power Company Limited (HUBC -41.80 pts), were top points snatchers.

The Refinery sector lost 0.51% in its cumulative market capitalization. Attock Refinery Limited (ATRL -0.04%), Cynergyico PK Limited (CNERGY -0.77%), National Refinery Limited (NRL -1.42%) and Pakistan Refinery Limited (PRL -0.00%), all closed in red.

Values as at 05:13 PM