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PSX Closing Bell: At a Snail’s Pace

PSX Closing Bell: At a Snail's Pace
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July 04, 2024 (MLN): The benchmark KSE-100 Index concluded Thursday's trading session at 80,282.80, showing an increase of 49.13 points or 0.06%.

The index traded in a range of 753.97 points showing an intraday high of 80,888.86 (+655.19) and a low of 80,134.89 (-98.78) points.

The total volume of the KSE-100 Index was 229.01 million shares.

Of the 100 index companies 49 closed up, 44 closed down, while 7 were unchanged.

KSE-100 index was supported by Cement (+42.57pts), Commercial Banks (+36.39pts), Oil & Gas Marketing Companies (+26.42pts), Food & Personal Care Products (+15.13pts), and Refinery (+12.83pts).

On the flip-side, the index was let down by Power Generation & Distribution (-41.76pts), Fertilizer (-33.84pts), Oil & Gas Exploration Companies (-31.65pts), Leather & Tanneries (-13.58pts), and Synthetic & Rayon (-5.15pts).

Companies that added points to the index were LUCK (+36.26pts), FABL (+33.22pts), MEBL (+29.08pts), NATF (+24.38pts), and POL (+23.61pts).

On the other hand, companies that dragged the index lower were HUBC (-46.15pts), PPL (-31.05pts), OGDC (-30.39pts), NBP (-20.75pts), and BAHL (-19.32pts).

In the broader market, the All-Share index closed at 50,864.48 with a net gain of 93.04 points or 0.18%.

Total market volume was 496.78 million shares compared to 536.58m from the previous session while traded value was recorded at Rs19.33 billion showing a decrease of Rs3.39bn.

There were 240,909 trades reported in 446 companies with 188 closing up, 194 closing down, and 64 remaining unchanged.

Company Volume

Top Ten by Volume

BOP 29,276,220
PIAHCLA 26,706,205
PAEL 26,512,769
HASCOL 26,030,969
AGL 19,037,678
KEL 15,971,975
AKDSL 14,859,549
WTL 13,800,428
NBP 13,048,256
PTC 11,832,711

 

To note, the KSE-100 has gained 1,838 points or 2.34% during the fiscal year, whereas the ongoing calendar year has witnessed a cumulative increase of 17,832 points, equivalent to 28.55%.

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Posted on: 2024-07-04T16:21:50+05:00