PSX Closing Bell: A blessing in Disguise

MG News | January 08, 2025 at 04:08 PM GMT+05:00

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January 08, 2025 (MLN): The benchmark KSE-100 Index concluded Wednesday's trading session at 114,148.45, showing a decrease of 1,904.23 points or 1.64%.

The index traded in a range of 3,903.19 points showing an intraday high of 117,750.22 (+1,697.54) and a low of 113,847.03 (-2,205.65) points.

The total volume of the KSE-100 Index was 254.28 million shares.

Of the 100 index companies 21 closed up, 77 closed down, while 2 were unchanged.

Top losers during the day were PSX (-9.16%), PKGS (-6.26%), SEARL (-5.72%), TRG (-5.06%), and PKGP (-4.79%).

On the other hand, top gainers were JDWS (+10.00%), MEHT (+7.39%), SCBPL (+4.23%), ENGROH (+4.08%), and PGLC (+3.31%).

In terms of index-point contributions, companies that dragged the index lower were UBL (-151.85pts), PPL (-135.27pts), SYS (-131.04pts), MARI (-122.75pts), and OGDC (-118.20pts).

Meanwhile, companies that added points to the index were ENGROH (+121.41pts), FFC (+45.81pts), MEHT (+33.35pts), JDWS (+24.06pts), and SRVI (+17.65pts).

Sector-wise, KSE-100 Index was let down by Commercial Banks (-556.99pts), Oil & Gas Exploration Companies (-405.68pts), Cement (-195.29pts), Technology & Communication (-180.01pts), and Power Generation & Distribution (-156.99pts).

While the index was supported by Inv. Banks / Inv. Cos. / Securities Cos. (+74.19pts), Sugar & Allied Industries (+24.06pts), Textile Composite (+21.55pts), Leather & Tanneries (+17.65pts), and Transport (+2.17pts).

In the broader market, the All-Share Index closed at 70,743.18 with a net loss of 1,018.41 points or 1.42%.

Total market volume was 1,099.98 million shares compared to 792.77m from the previous session while traded value was recorded at Rs32.47 billion showing a decrease of Rs7.23bn.

There were 339,626 trades reported in 464 companies with 118 closing up, 293 closing down, and 53 remaining unchanged.

**Top Ten by Volume**
Symbol	Price	Change %	Volume
WTL	1.79	4.68%	520,199,852
CNERGY	7.0	-4.76%	41,301,063
FFL	17.64	-2.27%	34,830,810
SSGC	41.73	6.35%	27,158,451
PRL	39.63	-6.38%	24,532,091
KEL	4.86	-3.38%	20,634,946
BOP	10.25	-2.01%	19,667,050
PAEL	41.17	-1.27%	16,675,855
BBFL	61.3	-0.06%	16,011,857
PIBTL	8.63	0.94%	14,947,927

To note, the KSE-100 has gained 35,703 points or 45.51% during the fiscal year, whereas it has decreased 978 points or 0.85% so far this calendar year.

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KSE100	186,518.72 569.86M	0.79% 1456.61
ALLSHR	111,118.66 1,316.08M	0.80% 877.22
KSE30	57,477.09 258.39M	0.70% 397.05
KMI30	263,795.54 229.75M	1.19% 3094.40
KMIALLSHR	71,351.41 638.92M	0.97% 686.81
BKTi	54,665.11 85.30M	0.33% 179.56
OGTi	36,323.86 37.76M	1.28% 460.39

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	91,385.00	94,190.00 90,880.00	-1410.00 -1.52%
BRENT CRUDE	60.30	60.93 59.81	-0.40 -0.66%
RICHARDS BAY COAL MONTHLY	86.75	0.00 0.00	-0.45 -0.52%
ROTTERDAM COAL MONTHLY	98.90	99.40 97.85	0.25 0.25%
USD RBD PALM OLEIN	1,027.50	1,027.50 1,027.50	0.00 0.00%
CRUDE OIL - WTI	56.30	57.17 55.76	-0.83 -1.45%
SUGAR #11 WORLD	14.97	15.04 14.69	0.21 1.42%