MARKET CLOSING - 23rd JULY 2021

The KSE 100 index started on a high note today, where the index accumulating 66.09 points. The overall index observed high volatility today as the overall market sentiment was negative during the session. The intraday trading high was 47,946.13, which was achieved during the early hours of the session, whereas the intraday low for the session was 47,686, from there the index managed to bounce back, closing the session at 47,793.07. The investor seems to take exposure towards the end of the trading session, despite the rapid rise in COVID-19, an increasing rate of inflation and surging oil prices. Moreover, the all shares volume for the day was 312 mn(-3%/DOD), depicting the investor’s caution. The volume leaders for the day were BYCO(33mn), DNCCR(24mn), PACE(23mn), SNGP(21mn), and WTL(21mn)