December 11, 2024 (MLN): After breaking its nine-day-long winning streak, Pakistan stocks resumed their upward surge as the market anticipates a rate cut by the central bank.
Accordingly, the benchmark KSE-100 Index concluded Wednesday's trading session at a record high of 110,810.21, showing a surge of 1,913.56 points or 1.76%.
The index remained positive throughout the day showing an intraday high of 111,012.01 (+2,115.36) and a low of 109,416.32 (+519.67) points.
The total volume of the KSE-100 Index was 509.28 million shares.
Of the 100 index companies 73 closed up, 26 closed down, while 1 was unchanged.
Top gainers during the day were SHEL (+10.00%), PGLC (+9.85%), LOTCHEM (+9.75%), PABC (+8.82%), and AKBL (+8.61%).
On the other hand, top losers were MEHT (-9.51%), SEARL (-4.11%), KOHC (-2.88%), EFUG (-2.64%), and NESTLE (-2.39%).
In terms of index-point contributions, companies that propped up the index were MARI (+293.29pts), PPL (+246.86pts), OGDC (+233.09pts), DAWH (+136.10pts), and UBL (+93.01pts).
Meanwhile, companies that dragged the index lower were MEHT (-43.35pts), SEARL (-42.83pts), HMB (-27.04pts), KOHC (-23.47pts), and EFERT (-16.84pts).
Sector-wise, KSE-100 Index was supported by Oil & Gas Exploration Companies (+807.15pts), Commercial Banks (+248.62pts), Oil & Gas Marketing Companies (+193.77pts), Inv. Banks / Inv. Cos. / Securities Cos. (+152.39pts), and Fertilizer (+91.06pts).
While the index was let down by Pharmaceuticals (-34.25pts), Paper, Board & Packaging (-3.35pts), Tobacco (-2.96pts), Woollen (-0.13pts), and Modarabas (-0.06pts).
In the broader market, the All-Share Index closed at 70,196.04 with a net gain of 1,288.81 points or 1.87%.
Total market volume was 1,080.02 million shares compared to 1,548.30m from the previous session while traded value was recorded at Rs47.14 billion showing a decrease of Rs21.67bn.
There were 439,304 trades reported in 471 companies with 288 closing up, 129 closing down, and 54 remaining unchanged.
| Symbol | Price | Change % | Volume |
|---|---|---|---|
| KEL | 6.4 | 8.29% | 135,915,842 |
| WTL | 1.65 | -0.60% | 73,534,167 |
| FFL | 14.9 | 8.76% | 57,124,498 |
| LOTCHEM | 22.52 | 9.75% | 54,841,208 |
| CNERGY | 7.11 | 2.45% | 47,664,253 |
| SSGC | 36.93 | 10.01% | 38,560,585 |
| TREET | 20.26 | 9.99% | 27,674,990 |
| PTC | 27.39 | 8.39% | 26,667,303 |
| SYM | 14.13 | 8.69% | 24,161,984 |
| TBL | 18.2 | 3.47% | 20,908,172 |
To note, the KSE-100 has gained 32,365 points or 41.26% during the fiscal year, whereas it has increased 48,359 points or 77.44% so far this calendar year.
Copyright Mettis Link News
Posted on: 2024-12-11T16:01:09+05:00
