KSE-100 scores another 1,000pts victory

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

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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 164,590.41
485.01M
-1.18%
-1962.87
ALLSHR 100,327.42
1,503.35M
-0.96%
-969.25
KSE30 50,209.81
169.39M
-1.36%
-693.46
KMI30 238,432.14
93.18M
-1.21%
-2915.72
KMIALLSHR 66,026.36
597.12M
-0.75%
-498.00
BKTi 46,678.02
105.34M
-2.30%
-1100.99
OGTi 32,746.16
15.69M
-0.51%
-167.04
Symbol Bid/Ask High/Low
Name Last High/Low Chg/%Chg
BITCOIN FUTURES 110,675.00 111,555.00
107,055.00
2730.00
2.53%
BRENT CRUDE 65.98 66.36
63.86
3.39
5.42%
RICHARDS BAY COAL MONTHLY 80.50 0.00
0.00
-0.90
-1.11%
ROTTERDAM COAL MONTHLY 92.60 92.60
92.60
0.80
0.87%
USD RBD PALM OLEIN 1,085.00 1,085.00
1,085.00
0.00
0.00%
CRUDE OIL - WTI 61.80 62.20
59.64
3.30
5.64%
SUGAR #11 WORLD 15.24 15.44
15.18
0.14
0.93%

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