KARACHI: The benchmark index KSE-100 index of Pakistan Stock Exchange (PSX) fell by 22 points on Thursday as the market recorded all time high volumes of 2.22 billion shares in a single day.
The Index closed at 46,791 points as against 46,812 points showing a decline of 22 points.
Analysts at Arif Habib Limited said that MSCI rebalancing created excitement today in the market with heavy flows in OGDC, LUCK and TRG which were the key subjects in the changes announced earlier during the month.
Besides, WTL repeated the performance shown yesterday being the volume leader consecutively and helping the market realize total trading volumes of 2217 million shares, the highest ever after posting 1560 million shares yesterday.
Since MSCI orders were mostly MoC, last half an hour caused the index to trade red with a decline of 137 points.
Banking sector kept the index green for most part of the session, with particular interest in HBL and UBL. Among scrips, WTL topped the volumes with 950.1 million shares, followed by HUMNL (172.4 million) and SILK (126.3 million).
Sectors contributing to the performance include Technology (+46p points), Inv Banks (+23 points), Fertilizer (-29 points), Tobacco (-21 points), Autos (-19 points), E&P (-14 points) and Engineering (-13 points).
Volumes increased from 2,220 million shares as against 1,563 million shares (+42 percent DoD). Average traded value also increased by 51 percent to reach US$ 276.7 million as against US$ 183 million.
Stocks that contributed significantly to the volumes include WTL, HUMNL, SILK, BYCO and KEL, which formed 65 percent of total volumes.
Stocks that contributed positively to the index include TRG (+46 points), LUCK (+30 points), HBL (+23 points), DAWH (+17 points) and KTML (+8 points). Stocks that contributed negatively include PAKT (-21 points), FFC (-18 points), MTL (-16 points), MCB (-14 points) and BAFL (-12 points).
