In another topsy-turvy session, KSE100 index closed on a positive note. The bulls gradually managed to drag index in the positive direction after a day long battle.

KSE100

 

The Benchmark KSE100 Index closed the session Red with index posting an intraday high of 349.03 points and an intraday low of 290.66 points. PKR continues to plummet. Oil inches lower.

The volumes increased from the previous sessions close. Index closed at 40140.09 pts adding 308.34 points to the index.

The volumes increased from 156.98 million shares in the previous session to 170.76 million shares Today. The volume leaders included WTL(-0.83%), UNITY(7.48%), TPLP(3.69%). The scrips traded 19.94mn, 18.93mn and 16.80mn shares respectively.

Sectors contributing positively to KSE100 index included Fertilizer sector (85.51pts), Technology sector (80.16pts) and Chemical sector (39.84pts). Companies contributing positively to the index included SYS(46.77pts), EFERT(30.68pts), OGDC(27.56pts).

MARKET FRONT

 

PKR Interbank Closing Rates. PKR closed at 226.81 on Jul, 21, 2022 and closed at 228.37 on Jul, 22, 2022. Change: -0.68%.

CFDs on Brent Crude oil posted an intraday high of $105.68 and intraday low of $101.94. Oil is currently trading at $102.27 (4:24pm Friday, 22 July 2022 (GMT+5) Time in Pakistan).

CFDs on WTI Crude Oil posted an intraday high of $97.34 and intraday low of $93.68. Oil is currently trading at $94.21 (4:24pm Friday, 22 July 2022 (GMT+5) Time in Pakistan).

Technically the KSE100 index has a initial support of 39,500 and 39000 subsequently and the initial resistance of 40200 and 41000.

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