November 08, 2023 (MLN): The benchmark KSE-100 Index has regained the 54,000 psychological level, currently trading at 54,265.51 adding 529.78 points or 0.99% DoD [10:47am PST].
To note, the index saw a correction yesterday, shedding as much as 600 points from intraday highs to close below the 54,000 level.
In today's intra day session, the KSE-100 Index has seen a volume of 67.695 million shares.
KSE-100 index is being supported by Commercial Banks with 159.28, Power Generation & Distribution with 55.05, Cement with 51.89, Fertilizer with 44.96, and Oil & Gas Exploration Companies with 42.35 points.
Companies adding points to the index are HUBC with 51.9, UBL with 45.86, HBL with 40.19, EFERT with 29.32, and BAHL with 24.53 points.
In the broader market, the All-Share index is trading at 36,150.72 with a net gain of 339.36 points.
The All-Share index is creeping up on its intraday all-time high of 36,389.5 points.
Company
Volume
Top Ten by Volume
CNERGY
21,019,461
PRL
20,901,708
HUMNL
8,508,000
KOSM
7,172,500
FCCL
5,714,000
UBL
4,369,101
CPHL
3,657,945
WTL
3,123,762
HUBC
2,833,042
HBL
2,556,024
To note, the KSE-100 has gained 12,813 points or 30.91% during the fiscal year, whereas the ongoing calendar year has witnessed a cumulative increase of 13,845 points, equivalent to 34.25% in the KSE-100.
The Pakistan stock market has been enjoying a remarkable rally ever since the $3 billion Stand-By Arrangement (SBA) was reached with the International Monetary Fund (IMF) towards the end of FY23, which saved the country from a sovereign debt default.
