December 27, 2023 (MLN): The benchmark KSE-100 index rebounded on Wednesday after witnessing one of the worst single-day drops yesterday.
The index is currently trading at 60,309 [01:00pm PST] showing an increase of 1,138 points or 1.92%, with a traded volume of 207.08 million shares.
In yesterday's post-market report by a prominent Brokerage House Arib Habib Limited, it noted that KSE-100 historically rebounds after a 10% drawdown from its peak in bull markets.
Yesterday's close took the total loss to 7,923 points or 11.81% since the peak on December 13.
In today's session, KSE-100 index is being supported by Commercial Banks with 245.3, Fertilizer with 114.21, Power Generation & Distribution with 89.55, Cement with 74.54, and Refinery with 56.21 points.
Companies adding points to the index are EFERT with 70.17, MEBL with 69.81, HUBC with 64.33, BAFL with 37.24, and HBL with 35.59 points.
In the broader market, the All-Share index is at 40,332.06 with a net gain of 613.30 points.
Company
Volume
Top Ten by Volume
KEL
66,041,807
FFL
32,523,235
CNERGY
27,850,498
BOP
24,437,073
WTL
22,440,431
PRL
17,498,572
PTC
9,801,500
PAEL
8,903,778
HASCOL
7,970,000
PIBTL
7,092,500
To note, the KSE-100 has gained 18,856 points or 45.49% during the fiscal year, whereas the ongoing calendar year has witnessed a cumulative increase of 19,889 points, equivalent to 49.2%.
