KSE-100 scores another 1,000pts victory

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 |
---|---|---|---|
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 | 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% |
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