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PSX Closing Bell: Close Confines

PSX Closing Bell: Close Confines
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February 27, 2024 (MLN): The benchmark KSE-100 index ended the rangebound session on Tuesday at 63,219.1, down by 86.83 points or 0.14%.

The index moved only about 300 points in either direction throughout the day.

The total volume of the KSE-100 index was 231.041 million shares.

The index traded in a range of 566.36 points showing an intraday high of 63,622.00 (+316.07) and a low of 63,055.64 (-250.29) points.

Of the 100 index companies 37 closed up, 60 closed down, while 3 remained untraded.

KSE-100 index was let down by Oil & Gas Exploration Companies with 76.39, Leather & Tanneries with 36.16, Oil & Gas Marketing Companies with 32.56, Pharmaceuticals with 23.02, and Chemical with 18.62 points.

On the flip-side, the index was supported by Technology & Communication with 39.82, Fertilizer with 34.06, Cement with 33.68, Commercial Banks with 27.55, and Power Generation & Distribution with 14.07 points.

Companies that dragged the index lower were OGDC with 77.85, SRVI with 36.16, UBL with 34.64, PPL with 31.3 and PSO with 27.56 points.

On the other hand, companies that added points to the index were TRG with 45.83, MARI with 36.94, KAPCO with 30.46, BAFL with 24.13, and BAHL with 23.67 points.

In the broader market, the All-Share index closed at 42,193.07 with a net loss of 167.95 points.

Total market volume was 409.963 million shares compared to 452.642 from the previous session while traded value was recorded at Rs14.68 billion showing a decrease of Rs1.80bn.

There were 176,124 trades reported in 355 companies with 111 closing up, 223 closing down and 21 remaining unchanged.

Company Volume

Top Ten by Volume

BOP 47,571,335
KEL 40,638,138
WTL 25,795,159
KOSM 23,306,500
PIBTL 22,775,500
FFL 14,674,003
TRG 13,590,238
UNITY 12,427,995
AIRLINK 11,357,271
SNBL 10,040,000

To note, the KSE-100 has gained 21,766 points or 52.51% during the fiscal year, whereas the ongoing calendar year has witnessed a cumulative increase of 768 points, equivalent to 1.23%.

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Posted on: 2024-02-27T16:21:21+05:00