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

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MG News | December 06, 2024 at 10:29 AM GMT+05:00

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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

Top Ten by 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

 

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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 117,480.00 118,295.00
116,115.00
1655.00
1.43%
BRENT CRUDE 68.29 68.36
67.34
0.34
0.50%
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 64.05 64.13
63.11
0.35
0.55%
SUGAR #11 WORLD 16.09 16.27
16.06
-0.18
-1.11%

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