AIRLINK 142.41 Decreased By ▼ -2.09 (-1.45%)
BOP 10.13 Decreased By ▼ -0.03 (-0.3%)
CNERGY 7.11 Decreased By ▼ -0.07 (-0.97%)
CPHL 81.55 Increased By ▲ 0.15 (0.18%)
FCCL 44.71 Decreased By ▼ -0.04 (-0.09%)
FFL 15.10 No Change ▼ 0.00 (0%)
FLYNG 53.33 Increased By ▲ 0.42 (0.79%)
HUBC 136.05 Increased By ▲ 1.70 (1.27%)
HUMNL 11.12 Increased By ▲ 0.09 (0.82%)
KEL 5.13 Increased By ▲ 0.08 (1.58%)
KOSM 5.54 Decreased By ▼ -0.06 (-1.07%)
MLCF 81.35 Increased By ▲ 1.85 (2.33%)
OGDC 212.25 Increased By ▲ 1.45 (0.69%)
PACE 5.53 Decreased By ▼ -0.17 (-2.98%)
PAEL 38.87 Decreased By ▼ -0.73 (-1.84%)
PIAHCLA 22.06 Increased By ▲ 0.36 (1.66%)
PIBTL 8.03 Decreased By ▼ -0.12 (-1.47%)
POWER 13.57 Increased By ▲ 0.07 (0.52%)
PPL 163.63 Increased By ▲ 1.63 (1.01%)
PRL 32.21 Increased By ▲ 0.01 (0.03%)
PTC 23.43 Decreased By ▼ -0.02 (-0.09%)
SEARL 84.58 Increased By ▲ 0.08 (0.09%)
SSGC 43.00 Decreased By ▼ -0.06 (-0.14%)
SYM 14.20 Decreased By ▼ -0.25 (-1.73%)
TELE 7.35 Decreased By ▼ -0.14 (-1.87%)
TPLP 9.27 Decreased By ▼ -0.12 (-1.28%)
TRG 56.68 Decreased By ▼ -4.92 (-7.99%)
WAVESAPP 9.06 Increased By ▲ 0.06 (0.67%)
WTL 1.45 Decreased By ▼ -0.04 (-2.68%)
YOUW 4.74 Increased By ▲ 0.29 (6.52%)
BR100 12,933 Increased By 10 (0.08%)
BR30 37,084 Increased By 110.3 (0.3%)
KSE100 120,023 Increased By 20.7 (0.02%)
KSE30 36,533 Increased By 91.5 (0.25%)

Bearish sentiment prevailed at the Pakistan Stock Exchange (PSX), as the benchmark KSE-100 index recorded a fall of 0.44%, while volume and value of shares traded declined from the previous session.

The benchmark index kicked off the session on a positive note, as the index surged 198 points to record an intra-day high of 46,737.87.

Engro Polymer and Chemicals Ltd's (EPCL) financial results boosted market sentiment, but profit-taking soon returned with the index dropping to 46,270.13, a decrease of 269 points.

At close, the KSE-100 Index settled at 46,333.36, a drop of 206.23 points or 0.44%.

“The depreciation of rupee against the US dollar dented investor confidence,” said Capital Stake in a note.

Rupee registered another massive fall against the US dollar, as it closed at 184.44 after a day-on-day depreciation of Rs1.90, or 1.03%, in the inter-bank market on Tuesday.

On a corporate front, Engro Polymer and Chemicals Ltd (EPCL) announced its 1QCY22 results wherein it posted a profit of Rs4.71 billion alongside an EPS of Rs5.19, an increase of around 14% YoY when compared to Rs4.14bn and an EPS of Rs4.56 recorded in 1QCY21.

KSE-100 succumbs to profit-taking, falls 0.13%

Sectors pulling the benchmark index lower included banking (87.29 points), oil and gas exploration (70.45 points), and technology and communication (49.8 points).

Volume on the all-share index decreased to 228.62 million from 255.61 million on Monday. The value of shares also declined to Rs8.84 billion from Rs9.64 billion recorded in the previous session.

Cnergyico PK was the volume leader with 18.33 million shares, followed by Ghani Global Holdings with 18.03 million shares, and WorldCall Telecom Limited with 11.55 million shares.

Shares of 345 companies were traded on Tuesday, of which 94 registered an increase, 226 recorded a fall, and 25 remained unchanged.

Comments

Comments are closed.