Domestic equities kicked off CY22 on a positive note, where market remained mostly in the green zone throughout the day on Monday.
The market witnessed bullish rally as institutional investors took positions on attractive valuations which primarily boosted the investors’ confidence, a market closing note by Aba Ali Habib Securities cited.
Moreover, Pakistan’s trade deficit also declined by 17% MoM to $4.41 billion, also strengthened the market sentiments. Consequently, the benchmark KSE-100 index recorded a positive close of 291 points to settle at 44,887 level.
The Index traded in a range of 397.42 points or 0.89 percent of previous close, showing an intraday high of 44,906.98 and a low of 44,509.56.
Of the 91 traded companies in the KSE100 Index 58 closed up 31 closed down, while 2 remained unchanged. Total volume traded for the index was 92.83 million shares.
Sectors propping up the index were Fertilizer with 58 points, Cement with 54 points, Technology & Communication with 50 points, Engineering with 39 points and Commercial Banks with 33 points.
The most points added to the index was by SYS which contributed 33 points followed by ENGRO with 30 points, LUCK with 27 points, COLG with 22 points and ISL with 18 points.
Sector wise, the index was let down by Tobacco with 23 points, Power Generation & Distribution with 7 points, Food & Personal Care Products with 6 points, Refinery with 6 points and Textile Spinning with 2 points.
The most points taken off the index was by PAKT which stripped the index of 23 points followed by KEL with 8 points, CNERGY with 6 points, MUREB with 5 points and PSMC with 4 points.
All Share Volume decreased by 122.48 million to 195.17 million shares. Market Cap increased by Rs.15.69 billion.
Total companies traded were 362 compared to 361 from the previous session. Of the scrips traded 212 closed up, 137 closed down while 13 remained unchanged.
Total trades decreased by 21,435 to 93,487.
Value Traded decreased by 4.31 billion to Rs.6.52 billion.