August 15, 2024 (MLN): Pakistan stocks demonstrated a strong bullish rally during the early trading hours today, with the benchmark KSE-100 Index surging by 785.31 points, or 1.01%, to reach 78,662.72.
The total volume of the KSE-100 Index was 47.88 million shares.
In terms of index-point contributions, companies that propped up the index were FFC (+167.20pts), MCB (+71.84pts), EFERT (+57.05pts), POL (+56.79pts), and HUBC (+38.07pts).
The major contributor to the index, FFC, is on the rise as investors have become eligible for a Rs10 dividend declared by the company, following the opening of FFCXD.
Meanwhile, companies that dragged the index lower were PSEL (-18.14pts), MUREB (-7.20pts), PKGS (-6.85pts), KAPCO (-5.56pts), and SRVI (-5.22pts).
Sector-wise, KSE-100 Index was supported by Fertilizer (+280.45pts), Commercial Banks (+143.09pts), Oil & Gas Exploration Companies (+137.81pts), Cement (+47.19pts), and Power Generation & Distribution (+39.80pts).
While the index was let down by Miscellaneous (-15.82pts), Leather & Tanneries (-5.22pts), Paper, Board & Packaging (-5.00pts), Transport (-3.61pts), and Automobile Parts & Accessories (-3.44pts).
In the broader market, the All-Share Index closed at 50,434.88 with a net gain of 411.21 points or 0.82%.
Top gainers during the day were JVDC (+10.00%), HABSM (+10.00%), YOUW (+9.41%), KTML (+5.48%), and FFC (+4.52%).
On the other hand, top losers were POML (-7.24%), BNWM (-5.54%), MUREB (-3.62%), PSEL (-3.42%), and PIBTL (-2.54%).
To note, the KSE-100 has gained 218 points or 0.28% during the fiscal year, whereas the ongoing calendar year has witnessed a cumulative increase of 16,212 points, equivalent to 25.96%.
Copyright Mettis Link News
Posted on: 2024-08-15T10:58:30+05:00
