Market Closing - 27th July 2021

The benchmark index observed a positive sentiment during today’s session. The key index started on an upbeat by 45.04pts and managed to maintain its early momentum during the majority part of the session. Despite eroding rupee value and speculation over monetary policy, the index managed to close on a positive note. The KSE-100 observed an intraday high of 47,910.12 pts, from where it fell to an intraday low of 47,616.73pts and finally recovering at 47,686.99pts. The investor showed interest in trading Technology & Communication, Commercial Banks, Refinery, and Textile stocks. The all share volume stood at 432 mn(-4%/DOD), depicting investors’ caution towards trading. The volume leaders for the day were mainly third-tier stocks, which included WTL(37mn), BYCO (35mn), KASBM(18mn), TPL(17mn), and ASC(16mn).