KSE-100 extends rally, breaks past 109,000 mark

MG News | December 06, 2024 at 10:29 AM GMT+05:00
December 06, 2024 (MLN): Today's trading session kicked off on a similarly positive note with Pakistan stocks continuing the nonstop rally observed in recent days.
The benchmark KSE-100 Index is currently trading at 109,400.07, showing an increase of 1,161.11 points or 1.07% (10:24am PST).
This marks the eighth consecutive daily rise of the stock market, taking the calendar year's returns to 75.18%, while for the fiscal year, they stand at 39.46%.
The robust gains are driven by strong buying momentum, fueled by high expectations of a further policy rate cut by the central bank, following inflation's decline to its lowest level since April 2018.
Top gainers during the day were AIRLINK (+9.27%), NML (+8.18%), ENGRO (+8.02%), PTC (+7.21%), and DAWH (+6.31%).
On the other hand, top losers were ISL (-3.07%), PKGS (-3.04%), PSEL (-2.77%), MUGHAL (-2.25%), and HGFA (-2.02%).
In terms of index-point contributions, companies that propped up the index were ENGRO (+267.27pts), MEBL (+162.81pts), MARI (+145.91pts), DAWH (+130.31pts), and MCB (+66.77pts).
Meanwhile, companies that dragged the index lower were SYS (-40.71pts), OGDC (-32.83pts), PSO (-27.61pts), HUBC (-27.18pts), and CHCC (-20.59pts).
Sector-wise, KSE-100 Index was supported by Commercial Banks (+452.91pts), Fertilizer (+278.14pts), Inv. Banks / Inv. Cos. / Securities Cos. (+129.35pts), Oil & Gas Exploration Companies (+93.39pts), and Technology & Communication (+44.14pts).
While the index was let down by Power Generation & Distribution (-28.17pts), Oil & Gas Marketing Companies (-24.04pts), Engineering (-17.80pts), Paper, Board & Packaging (-17.35pts), and Miscellaneous (-15.93pts).
In the broader market, the All-Share Index is trading at 68,828.25 with a net gain of 643.66 points or 0.94%.
Symbol | Price | Change % | Volume |
---|---|---|---|
CNERGY | 7.08 | 3.06% | 47,978,215 |
BOP | 10.7 | 6.05% | 43,866,188 |
PAEL | 33.94 | 4.82% | 23,994,243 |
PTC | 23.95 | 7.21% | 23,125,268 |
SSGC | 38.62 | 7.61% | 19,952,179 |
TELE | 8.89 | 4.47% | 19,241,317 |
WTL | 1.59 | 0.00% | 15,524,428 |
HASCOL | 14.5 | 2.47% | 11,759,746 |
KEL | 5.76 | 1.77% | 10,414,347 |
SILK | 1.07 | 0.94% | 10,091,877 |
Copyright Mettis Link News
Related News
Name | Price/Vol | %Chg/NChg |
---|---|---|
KSE100 | 157,953.47 555.47M | 1.14% 1775.65 |
ALLSHR | 96,741.22 1,957.60M | 1.16% 1110.83 |
KSE30 | 48,198.94 249.79M | 1.09% 520.47 |
KMI30 | 232,694.17 290.89M | 1.31% 3011.94 |
KMIALLSHR | 65,027.13 1,019.78M | 1.03% 660.37 |
BKTi | 42,489.56 84.10M | 1.35% 566.75 |
OGTi | 31,779.36 15.21M | 0.14% 43.57 |
Symbol | Bid/Ask | High/Low |
---|
Name | Last | High/Low | Chg/%Chg |
---|---|---|---|
BITCOIN FUTURES | 117,730.00 | 118,295.00 116,115.00 | 1905.00 1.64% |
BRENT CRUDE | 67.86 | 68.36 67.34 | -0.09 -0.13% |
RICHARDS BAY COAL MONTHLY | 84.00 | 0.00 0.00 | -0.40 -0.47% |
ROTTERDAM COAL MONTHLY | 94.00 | 94.50 94.00 | 0.45 0.48% |
USD RBD PALM OLEIN | 1,106.50 | 1,106.50 1,106.50 | 0.00 0.00% |
CRUDE OIL - WTI | 63.61 | 64.13 63.11 | -0.09 -0.14% |
SUGAR #11 WORLD | 16.01 | 16.27 16.01 | -0.26 -1.60% |
Chart of the Day
Latest News
Top 5 things to watch in this week
Pakistan Stock Movers
Name | Last | Chg/%Chg |
---|
Name | Last | Chg/%Chg |
---|