PKR remained under pressure throughout the day and so did the Pakistan Stock Market. The market lost over 600 points amid the uncertainty in the country which is continuously creating negative sentiment on investors.
KSE100
The Benchmark KSE100 Index closed the session Red with index posting an intraday high of 117.36 points and an intraday low of 658.49 points. PKR continues to plummet. Oil cools off, remained under pressure throughout the day with 11 hours left in closing.
The volumes increased from the previous sessions close. Index closed at 39831.75 pts erasing 627.95 points from the index.
The volumes increased from 141.65 million shares in the previous session to 156.98 million shares Today. The volume leaders included WTL(-4.72%), TPLP(-7.46%), UNITY(-7.47%). The scrips traded 15.95mn, 11.88mn and 9.93mn shares respectively.
Sectors contributing negatively to KSE100 index included Commercial Banks sector (116.07pts), Oil and Gas Exploration sector (87.35pts) and Fertilizer sector (79.55pts). Companies contributing negatively to the index included POL(48.72pts), EFERT(45.95pts), HBL(42.94pts).
MARKET FRONT
PKR Interbank Closing Rates. PKR closed at 224.92 on Jul, 20, 2022 and closed at 226.81 on Jul, 21, 2022. Change: -0.83%.
CFDs on Brent Crude oil posted an intraday high of $106.73 and intraday low of $101.54. Oil is currently trading at $101.61 (3:45pm Thursday, 21 July 2022 (GMT+5) Time in Pakistan).
CFDs on WTI Crude Oil posted an intraday high of $99.95 and intraday low of $94.61. Oil is currently trading at $94.86 (3:45pm Thursday, 21 July 2022 (GMT+5) Time in Pakistan).
Technically the KSE100 index has a initial support of 39000 subsequently and the initial resistance of 40200.
