KARACHI: Pakistan equities ended down by 157 points on Tuesday owing to profit taking observed during the day.
The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) ended at 42,190 points from previous day’s closing of 42,347 points, showing a decline of 157 points.
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Analysts at Topline Securities said that Pakistan equities had a range bound day today.
The KSE-100 index initially opened in a green zone, made an intraday high at 42,524 (+176 points; up 0.42 per cent) where profit taking started and pushed the benchmark index towards intraday low at 42,157 (-191 points; down 0.45 per cent) before eventually settling at 42,190 (-157 points; up 0.37 per cent) for the day.
During the day, many companies announced their quarterly results including followings:
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FFBL: FFBL: 3Q2022 EPS at Rs -0.46 vs. Rs3.11 in 3Q2021 – Earnings lower than expectations – Dividend: NIL
OGDC: 1QFY23 EPS at Rs12.39 (+58 per cent YoY & +145 per cent QoQ); Earnings higher than industry expectations – Dividend: 1.75
DGKC: 1QFY23 EPS at Rs0.9 (-57 per cent YoY); Earnings lower than industry expectations – Dividend: NIL
POL: 1QFY23 EPS at Rs29.59 (+60 per cent YoY & +0 per cent QoQ); Earnings in line with industry expectations – Dividend: NIL
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During the day, Power, Fertilizer & E&P sector stocks contributed positively to the index where HUBC, DAWH, POL, EFERT & ENGRO added 100 points, cumulatively.
On the flip side, TRG, SYS and DGKC have witnessed some profit taking as they lost 118 points collectively, today.
Around 195 million shares traded today at the bourse while total value clocked in at Rs 6.2 billion. HASCOL led the volumes chart today with trading of 35.2 million shares in it.
