The volumes toned down a little from previous sessions close amid no triggers, KSE100 index holds trendline support. The Bulls after a day long battle ended the session marginally green.

KSE100

 

The Benchmark KSE100 Index closed the session marginally Green with index posting an intraday high of 144.53 points and an intraday low of 253.69 points. PKR continues the trend. Oil inches up towards initial resistance.

The volumes decreased from the previous sessions close. Index closed at 40459.70 pts adding 70.63 points to the index.

The volumes decreased from 193.40 million shares in the previous session to 141.65 million shares Today. The volume leaders included TPLP(-1.95%), WTL(1.60%), CNERGY(-0.40%). The scrips traded 13.37mn, 10.76mn and 6.31mn shares respectively.

Sectors contributing positively to KSE100 index included Oil and Gas Exploration sector (73.27pts), Commercial Banks sector (29.02pts) and Oil and Gas Marketing Companies sector (15.85pts). Companies contributing positively to the index included PPL(36.53pts), OGDC(29.94pts), BAHL(25.33pts).

MARKET FRONT

 

PKR Interbank Closing Rates. PKR closed at 221.99 on Jul, 19, 2022 and closed at 224.92 on Jul, 20, 2022. Change: -1.30%

CFDs on Brent Crude oil posted an intraday high of $107.37 and intraday low of $105.13. Oil is currently trading at $105.94 (6:36pm Wednesday, 20 July 2022 (GMT+5) Time in Pakistan).

CFDs on WTI Crude Oil posted an intraday high of $100.51 and intraday low of $98.53. Oil is currently trading at $99.14 (6:36pm Wednesday, 20 July 2022 (GMT+5) Time in Pakistan).

Technically the KSE100 index has a initial support of 40,300 and 39000 subsequently and the initial resistance of 40600.

 

 

 

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