KSE-100 scores another 1,000pts victory

News Image

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

0:00

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

Copyright Mettis Link News

Related News

Name Price/Vol %Chg/NChg
KSE100 167,346.83
1,004.31M
0.66%
1103.93
ALLSHR 101,585.71
1,816.82M
0.45%
452.89
KSE30 51,193.07
238.52M
0.60%
306.47
KMI30 241,742.81
114.47M
0.26%
626.15
KMIALLSHR 66,704.29
951.52M
0.28%
184.85
BKTi 48,187.89
155.95M
1.00%
476.82
OGTi 32,653.86
16.59M
0.73%
235.25
Symbol Bid/Ask High/Low
Name Last High/Low Chg/%Chg
BITCOIN FUTURES 108,620.00 111,065.00
108,350.00
-3485.00
-3.11%
BRENT CRUDE 61.49 61.63
61.48
0.17
0.28%
RICHARDS BAY COAL MONTHLY 80.50 0.00
0.00
-1.10
-1.35%
ROTTERDAM COAL MONTHLY 92.75 0.00
0.00
0.00
0.00%
USD RBD PALM OLEIN 1,085.00 1,085.00
1,085.00
0.00
0.00%
CRUDE OIL - WTI 57.43 57.64
57.43
0.19
0.33%
SUGAR #11 WORLD 15.24 15.82
15.10
-0.48
-3.05%

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