Daily Sentiment Analyzer - 28th July 2022
Pakistan Stock Exchange on the fourth trading day of this week depicted bullish momentum and surged +304.00 points, to close the index levels at 40,276.64.
The sentiment indicator depicts bullish and bearish sentiment in the Pakistan Stock Exchange (PSX), where the KSE100 Index currently operates under a Sell sentiment, where 65% are under the short-term bullish sentiment and 35% of stocks are under a short-term bearish sentiment.
Meanwhile, 13% of stocks are operating under a long-term bullish sentiment and 87% of stocks are operating under a long-term bearish sentiment.
Market participation remained healthy relatively where the cement sector stayed in the limelight despite the dispatches numbers decreasing to 1.79 million tonnes in July 2022, a 54% decrease YoY and 66% decrease MoM due to delayed PSDP payment, severe PKR depreciation, and rising prices for coal, power, and petroleum products. Overall 251 million shares traded in KSE All Share Index today, where WTL,TPLP,LOTCHEM and TRG remained among the top Volume leaders.
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