MARKET CLOSING - 20TH AUG 2021
The benchmark index started the day with enthusiasm, accumulating 102.22pts. During the day we saw the index managing to maintain its upward momentum, on the back of strong development in the economic front. The declining oil prices accompanied by an influx of foreign investment in T-bills, despite nearly a 50% cut in coupon rate, are some of the positive indicators for Pakistan’s economy. Pakistan bourse observed a positive sentiment during the day, as the KSE 100 closed at 47,599(0.72%/DOD). On the other hand, The KSE all-share volumes remained lackluster. All share volumes stood at 299mln (22%DOD), reflecting investors’ wariness towards new exposures. The volume leaders for the day were GGL( 22mln), BYCO( 19mln), TPL( 10mln), SILK( 9mln) and, WTL( 9mln). The investors showed interest in trading technology, cement, Chemical, refinery, and Commercial banking issues.