PSX Closing Bell: Anchors Aweigh

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By MG News | December 11, 2024 at 04:01 PM GMT+05:00

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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

Top Ten by 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

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Name Price/Vol %Chg/NChg
KSE100 130,686.66
280.01M
0.26%
342.63
ALLSHR 81,305.25
897.01M
0.35%
281.26
KSE30 39,945.45
114.02M
0.09%
37.19
KMI30 190,698.05
148.61M
0.61%
1163.05
KMIALLSHR 55,074.15
495.43M
0.53%
290.50
BKTi 34,568.40
28.73M
-1.07%
-372.33
OGTi 28,739.35
22.59M
1.57%
443.29
Symbol Bid/Ask High/Low
Name Last High/Low Chg/%Chg
BITCOIN FUTURES 110,140.00 110,525.00
110,055.00
-275.00
-0.25%
BRENT CRUDE 68.76 68.89
68.73
-0.04
-0.06%
RICHARDS BAY COAL MONTHLY 97.50 0.00
0.00
-0.75
-0.76%
ROTTERDAM COAL MONTHLY 108.45 109.80
108.45
-0.55
-0.50%
USD RBD PALM OLEIN 998.50 998.50
998.50
0.00
0.00%
CRUDE OIL - WTI 67.05 67.18
66.99
0.05
0.07%
SUGAR #11 WORLD 16.37 16.40
15.44
0.79
5.07%

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