KSE-100 scores another 1,000pts victory

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MG News | December 10, 2024 at 10:54 AM GMT+05:00

December 10, 2024 (MLN): The trading session at the stock market has started today on a similarly positive note, with Pakistani stocks continuing the uninterrupted rally observed in recent days.

The benchmark KSE-100 Index is trading at 111,575.85, showing an increase of 1,605.47 points or 1.46% (10:56am PST).

This marks the tenth consecutive daily rise of the stock market, taking the calendar year's returns to 78.66%, while for the fiscal year, they stand at 42.23%.

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 start were SAZEW (+10.00%), LUCK (+10.00%), ATRL (+10.00%), PKGP (+6.89%), and DGKC (+5.79%).

On the other hand, top losers were SNGP (-4.18%), AIRLINK (-2.76%), PAEL (-2.14%), BOP (-2.02%), and PABC (-1.92%).

In terms of index-point contributions, companies that propped up the index were LUCK (+337.23pts), MARI (+205.31pts), FFC (+152.50pts), ENGRO (+110.96pts), and SAZEW (+80.42pts).

Meanwhile, companies that dragged the index lower were HBL (-38.96pts), UBL (-37.02pts), SNGP (-36.87pts), AIRLINK (-17.70pts), and NBP (-13.23pts).

Sector-wise, KSE-100 Index was supported by Cement (+474.57pts), Fertilizer (+302.14pts), Oil & Gas Exploration Companies (+250.09pts), Automobile Assembler (+141.43pts), and Refinery (+103.66pts).

While the index was let down by Oil & Gas Marketing Companies (-12.79pts), Cable & Electrical Goods (-10.55pts), Real Estate Investment Trust (-2.38pts), Transport (-2.11pts), and Synthetic & Rayon (-0.76pts).

In the broader market, the All-Share Index has crossed the 70,000 mark with a net gain of 903.56 points or 1.30%.

Symbol Price Change % Volume

Top Ten by Volume

CNERGY 7.44 4.35% 69,908,645
WTL 1.8 -1.64% 36,992,218
TELE 10.2 3.03% 24,452,807
KEL 6.15 -0.16% 19,905,880
SSGC 34.3 -8.04% 18,852,624
FFL 14.7 3.96% 16,628,231
PRL 34.55 3.88% 14,813,909
TRG 63.14 4.75% 14,204,918
BOP 10.16 -2.02% 11,429,996
GGL 14.63 -0.88% 10,891,465

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Name Price/Vol %Chg/NChg
KSE100 164,831.42
172.53M
1.19%
1934.74
ALLSHR 99,333.72
384.51M
0.90%
884.04
KSE30 49,356.83
107.72M
1.37%
669.37
KMI30 237,212.17
96.91M
1.44%
3362.86
KMIALLSHR 64,767.41
193.69M
1.12%
719.32
BKTi 44,973.02
33.91M
1.41%
625.96
OGTi 34,831.33
6.50M
1.19%
408.38
Symbol Bid/Ask High/Low
Name Last High/Low Chg/%Chg
BITCOIN FUTURES 77,445.00 77,920.00
76,465.00
610.00
0.79%
BRENT CRUDE 104.70 111.49
103.24
-6.58
-5.91%
RICHARDS BAY COAL MONTHLY 110.00 0.00
0.00
-8.75
-7.37%
ROTTERDAM COAL MONTHLY 113.00 113.00
112.80
0.55
0.49%
USD RBD PALM OLEIN 1,191.50 1,191.50
1,191.50
0.00
0.00%
CRUDE OIL - WTI 97.96 104.45
96.94
-6.19
-5.94%
SUGAR #11 WORLD 14.76 15.15
14.67
-0.25
-1.67%

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