Monday, August 15, 2022
No Result
View All Result
TLTP NEWS
  • Login
  • About Us
  • National
  • World
  • Right to Information
  • Courts
  • Op-Ed
  • Services
    • Advertise With Us
    • Partner With Us
    • TLTP Content Service
  • About Us
  • National
  • World
  • Right to Information
  • Courts
  • Op-Ed
  • Services
    • Advertise With Us
    • Partner With Us
    • TLTP Content Service
No Result
View All Result
No Result
View All Result
Home Pakistan Stock Exchange

PSX consolidates gains with 487-point rally

Kamran Nazir Malik by Kamran Nazir Malik
October 17, 2021
in Pakistan Stock Exchange
0
TRG, LUCK, SYS, ENGRO, KAPCO, MARI, MTL , MEBL , UBL, POL

Pakistan Stock Exchange Limited Karachi

4
SHARES
29
VIEWS

The Pakistan Stock Exchange (PSX) remained bullish for the second day in a row on Friday, with the benchmark KSE-100 Index gaining 487.85 points (+1.1 percent) to close at 44,821.53 points.

The market opened on a positive note. But soon went on a selling spree. Which brought the index down by almost 136 points. However, the traded volumes remained very low at this stage and later the market remained on a bullish trend. Which continued for both sessions of the day. The KSE-100 Index gained around 1,600 points, albeit overall volumes remained around 300 millions, during the last two days.

READ ALSO

PSX sheds 350 more points on Moscow-Kiev crisis

PSX gains 128 points to cross 45,000 level

The KSE-100 Index moved in a range of 637.7 points. Showing an intraday high of 44,834.8 points and a low of 44,197.1 points. Among other indices, the KSE All Share Index gained 265.51 points (+0.87 percent) to close at 30,770.14 points. All Share Islamic Index gained 274.22 points (+1.27 percent) to close at 21,915.64 points.

A total of 375 companies traded shares in the stock exchange. Out of them shares of 237 closed up, shares of 123 closed down. Shares of 15 companies remained unchanged. Out of 92 traded companies in the KSE-100 Index, 65 closed up. As many as 26 closed down and one remained unchanged.

The overall market volumes decreased by 54.27 million to 334.33 million shares. Total volume traded for the KSE-100 Index was 152.02 million shares. The number of total trades decreased by 13,289 to 121,303, while the value traded decreased by Rs1.29 billion to Rs11.80 billion. The market capitalisation increased by Rs47.28 billion.

Among scrips, SERF led the table with 34.26 million shares, followed by UNITY (26.47 million) and WTL (25.49 million). Stocks that contributed significantly to the volumes include SERF, UNITY, WTL, TREET, and BYCO, which formed 36.5 percent of total volumes.

The spropping up the index were oil & gas exploration companies with 138 points, fertilizer with 79 points. The others includes; cement with 57 points, commercial banks with 46 points and food & personal care products with 25 points. The most points added to the index were by PPL which contributed 49 points followed by POL with 43 points. MCB with 39 points, OGDC with 38 points and SYS with 31 points.

Sector wise, the index was let down by tobacco with 14 points. , glass & ceramics with 4 points and miscellaneous with 2 points. The most points taken off the index were by TRG which stripped the index of 25 points followed by PAKT with 14 points, HMB with 12 points, FABL with 7 points and AGP with 6 points.

According to experts, the ongoing talks between the government and the International Monetary Fund (IMF) remained the centre of attention for the investors. Agenda of the meeting is to club two reviews under the Extended Fund Facility and approving one million dollar loan tranche.

They said the finance minister hinted at over 5 percent growth projections for FY22, strong financial results and investors’ expectations regarding the release of the next IMF tranche, amid resumption of $6 billion EFF, played a catalytic role in the bullish close. Adding that they added that the bullish activity continued on surging global equities and crude oil prices.

Expersts termed it as healthy activity after a long time witnessed in blue-chip stocks. Looking ahead, the market needs to sustain its bullish momentum. They advised investors to buy mainly blue-chip stocks on major dips across-the-board, they said. 

Kamran Nazir Malik

Kamran Nazir Malik is a law graduate and master in Economics. He is associated with TLTP News Wire Service as correspondent since 2018.

Tags: BYCOIMFPakistan Stock ExchangePPLSERFTREETUNITYWTL

Related Posts

TRG, LUCK, SYS, ENGRO, KAPCO, MARI, MTL , MEBL , UBL, POL
Pakistan Stock Exchange

PSX sheds 350 more points on Moscow-Kiev crisis

February 24, 2022
TRG, LUCK, SYS, ENGRO, KAPCO, MARI, MTL , MEBL , UBL, POL
Pakistan Stock Exchange

PSX gains 128 points to cross 45,000 level

January 28, 2022
TRG, LUCK, SYS, ENGRO, KAPCO, MARI, MTL , MEBL , UBL, POL
Pakistan Stock Exchange

PSX snaps seven-session winning streak with 325 points fall

January 7, 2022
TRG, LUCK, SYS, ENGRO, KAPCO, MARI, MTL , MEBL , UBL, POL
Pakistan Stock Exchange

PSX sheds 635 points as T-bills target missed, yields not eased

January 7, 2022
TRG, LUCK, SYS, ENGRO, KAPCO, MARI, MTL , MEBL , UBL, POL
Pakistan Stock Exchange

PSX snaps losing streak with 178 points gain

November 27, 2021
TRG, LUCK, SYS, ENGRO, KAPCO, MARI, MTL , MEBL , UBL, POL
Pakistan Stock Exchange

PSX continues extending losses, falls below 44,000 points level

November 26, 2021
Next Post
Gold dips to Rs97,600 per 10gm amid rebound in US treasury yield

Gold price expected to inch up in near term

POPULAR NEWS

Chief Justice Umar Ata Bandial, Dr Shoaib Suddle,Samuel Payra (Chairman Implementation Minority Rights Forum), Rt.Rv.Bishop Fredrick John (Bishop of Karachi/Balochistan, Manzoor Masih MNCHR, Bakhtawar Shah, Kalash Community, Tariq Chaman, Sarwan Kumar Bheel, Hindu Community, Sardar Inder Jeet Singh Member Pakistan Sikh Gurdwara Parbandhak Community, Kashif Namet AHC Lahore, Sonia Rjasat HR Activist AK

Constitution ensures fundamental rights to minority communities, CJP

August 10, 2022
British High Commission Islamabad,Ramada Hotel, State of Azad Jammu and Kashmir, Pakistan, United Kingdom, Forensic Evidence, Advocate Sharafat A. Chaudhry

ASJ directs Police to conduct probe into cold-blooded murder of UK national in Ramada Hotel

June 25, 2022
Voice Media Network, CRA-North,Kurrum District of Kyber Pakhtunkhwa, Faiza Haseeb, Farnod Alam, Akhlaq Rasool Khan Khattak, TM Baig, Rafiq Azam, NMD-FATA,Al-Azhar University in Egypt, International Islamic University Islamabad, Council of Islamic Ideology,Ms. Aprilia Susanti from Indonesia

Religious scholar urged to promote interfaith harmony

August 7, 2022
Judicial Commission of Pakistan, JCP, Supreme Court of Pakistan, Justice Qai Fae Isa, Justice Sardar Tariq Masood, Attorney General for Pakistan, Chief Justice of Pakistan Justice Umer Ata Bandial

SC makes JCP proceeding audio public

July 30, 2022
Pakistan Information Commission, PIC, ADB 300 A, Techno Commercial Bids, TCB, Khawaja Nadeem Ahmad, Chief Engineer National Transmission & Dispatch Company, NTDC

PIC directs NTDC to provide ADB-300A tender details

August 1, 2022

EDITOR'S PICK

Chief Justice Umar Ata Bandial, Dr Shoaib Suddle,Samuel Payra (Chairman Implementation Minority Rights Forum), Rt.Rv.Bishop Fredrick John (Bishop of Karachi/Balochistan, Manzoor Masih MNCHR, Bakhtawar Shah, Kalash Community, Tariq Chaman, Sarwan Kumar Bheel, Hindu Community, Sardar Inder Jeet Singh Member Pakistan Sikh Gurdwara Parbandhak Community, Kashif Namet AHC Lahore, Sonia Rjasat HR Activist AK

Constitution ensures fundamental rights to minority communities, CJP

August 10, 2022
Voice Media Network, CRA-North,Kurrum District of Kyber Pakhtunkhwa, Faiza Haseeb, Farnod Alam, Akhlaq Rasool Khan Khattak, TM Baig, Rafiq Azam, NMD-FATA,Al-Azhar University in Egypt, International Islamic University Islamabad, Council of Islamic Ideology,Ms. Aprilia Susanti from Indonesia

Religious scholar urged to promote interfaith harmony

August 7, 2022
Pakistan Information Commission, PIC, ADB 300 A, Techno Commercial Bids, TCB, Khawaja Nadeem Ahmad, Chief Engineer National Transmission & Dispatch Company, NTDC

PIC directs NTDC to provide ADB-300A tender details

August 1, 2022
Judicial Commission of Pakistan, JCP, Supreme Court of Pakistan, Justice Qai Fae Isa, Justice Sardar Tariq Masood, Attorney General for Pakistan, Chief Justice of Pakistan Justice Umer Ata Bandial

SC makes JCP proceeding audio public

July 30, 2022

About

TLTP NEWS

TLTP News - An Independent News Wire Service

Follow us

Categories

  • Commodities
  • Courts
  • Currencies
  • Financial Institution
  • Latest
  • National
  • Op-Ed
  • Pakistan Stock Exchange
  • Right to Information
  • Uncategorized
  • World

Recent Posts

  • Constitution ensures fundamental rights to minority communities, CJP
  • Religious scholar urged to promote interfaith harmony
  • PIC directs NTDC to provide ADB-300A tender details

Latest News

Chief Justice Umar Ata Bandial, Dr Shoaib Suddle,Samuel Payra (Chairman Implementation Minority Rights Forum), Rt.Rv.Bishop Fredrick John (Bishop of Karachi/Balochistan, Manzoor Masih MNCHR, Bakhtawar Shah, Kalash Community, Tariq Chaman, Sarwan Kumar Bheel, Hindu Community, Sardar Inder Jeet Singh Member Pakistan Sikh Gurdwara Parbandhak Community, Kashif Namet AHC Lahore, Sonia Rjasat HR Activist AK

Constitution ensures fundamental rights to minority communities, CJP

August 10, 2022
Voice Media Network, CRA-North,Kurrum District of Kyber Pakhtunkhwa, Faiza Haseeb, Farnod Alam, Akhlaq Rasool Khan Khattak, TM Baig, Rafiq Azam, NMD-FATA,Al-Azhar University in Egypt, International Islamic University Islamabad, Council of Islamic Ideology,Ms. Aprilia Susanti from Indonesia

Religious scholar urged to promote interfaith harmony

August 7, 2022
  • World
  • About Us
  • Partner With Us
  • Privacy Policy
  • Contact Us
  • Latest

All Content is Copyrighted © 2021 TLTP News

No Result
View All Result
  • About Us
  • National
  • World
  • Right to Information
  • Courts
  • Op-Ed
  • Services
    • Advertise With Us
    • Partner With Us
    • TLTP Content Service

All Content is Copyrighted © 2021 TLTP News

Welcome Back!

Sign In with Facebook
Sign In with Linked In
OR

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In