- Pulse by Capital Stake
- Posts
- DAILY MARKET WRAP
DAILY MARKET WRAP
PSX Ends Turbulent Session Flat!
The Pakistan Stock Exchange (PSX) closed flat for third consecutive session on Wednesday. Indices swung in both directions while volumes fell from the previous close. Equity markets around the globe showed mixed trend. Crude oil prices moved north with WTI crude oil price rising by 0.19% to $75.80. While Brent crude oil price was up by 0.38% to $79.93. (As at 3:57 PM PST, Source: Investing.com).
During the day, the benchmark KSE 100 index oscillated between intraday high of 45,227.49 (gaining 218.15 pts) and intraday low of 44,928.03 (losing 81.31 pts). It settled flat by positive 85.78 pts at 45,095.11. The KMI 30 index depreciated by 62.37 pts closing at 75,728.18. While the KSE All share index settled at 30,352.33 with a loss of 98.29 pts.
Total traded volumes depreciated from 254.38 mn shares in the previous session to 243.01 mn shares. Worldcall Telecom (WTL -0.76%), TPL Properties Limited (TPLP -4.84%) and Pak Petroleum Limited (PPL +2.36%) topped the volume chart. The scrips had 18.50 mn shares, 10.30 mn shares and 8.96 mn shares exchanged, respectively.
Sectors adding gains to the benchmark KSE 100 index included, Banking sector (292.00 pts), Oil and Gas Exploration sector (27.25 pts) and Oil and Gas Marketing sector (15.84 pts). Company-wise, y United Bank Limited (UBL 107.44 pts), MCB Bank Limited (MCB 83.88 pts) and Bank AL Habib Limited (BAHL 59.82 pts), were top points contributors.
The Oil & Gas Exploration Companies sector gained 0.58% in its cumulative market capitalization. Oil and Gas Development Company Limited (OGDC 0.20%), Pak Petroleum Limited (PPL 2.36%) and Pakistan Oilfields Limited (POL 0.44%), all closed positive.
Values as at 04:09 PM PST