PSX MARKET CLOSING - 14TH JULY 2021

The KSE-100 index started the day on a positive note accumulating 32.38 pts. Pakistan equity remained range bounded as no significant change took place throughout the trading session. Moreover, the low trading volumes depicted investor fear over the long weekend, as the All-share volume for the day was 508mn(+2 %/DOD). However, the Global markets have reflected a bullish trend over the week, despite, the rising oil prices as well as investors’ anticipation of tightening of US monetary rates. Furthermore, OPEC has shown interest in increasing the oil supply to counter the rising demand.
The intraday trading saw a high of 47,594.66pts and a low of 47,442.19pts as the index closed at 47,491.47 pts. The overall investor sentiment remained positive, despite high volatility. The investors showed keen interest in the third-tier stock, as the volume leaders for the day were WTL(45mn), GGL(44mn), TPL (41mn), KEL (19mn), and TPLP(19mn)