December 26, 2023 (MLN): The Pakistan Stock Exchange (PSX) opened the week on a negative note, with the benchmark KSE-100 index extending losses by another 867.77 points or 1.41% to trade at 60,837.32 [09:58am PST].
The index has traded a volume of 29.582 million shares.
This comes after the index shed 4,425 points or 6.69% last week amid leverage flush out and a possible exhaustion of demand.
The sentiment has also been hurt by the surge in global oil prices amid red sea woes.
Since the peak on December 13, the index has suffered losses of 6,256.68 points or 9.33%.
KSE-100 index is being let down by Commercial Banks with 260.11, Oil & Gas Exploration Companies with 145.3, Power Generation & Distribution with 96.06, Cement with 92.09, and Oil & Gas Marketing Companies with 69.08 points.
Companies that dragged the index lower are PPL with 65.43, HUBC with 64.62, HBL with 52.5, OGDC with 44.03 and BAHL with 42.51 points.
In the broader market, the All-Share index is at 40,686.34 with a net loss of 595.64 points.
Company
Volume
Top Ten by Volume
KEL
8,037,266
WTL
6,140,246
FFL
5,059,204
CNERGY
4,378,852
PTC
3,579,500
BOP
2,110,719
PPL
2,032,755
PIBTL
1,739,000
KOSM
1,690,000
PRL
1,356,386
To note, the KSE-100 has gained 19,385 points or 46.76% during the fiscal year, whereas the ongoing calendar year has witnessed a cumulative increase of 20,417 points, equivalent to 50.51%.
