June 05, 2023 (MLN): The domestic equities kicked off the week on a bullish note on the back of prevailing optimism pertaining to the upcoming business-friendly budget for FY24.
Federal Minister for Finance & Revenue Senator Mohammad Ishaq Dar assured the investors at PSX that the government is determined to present an investment-friendly budget.
Accordingly, the benchmark KSE-100 Index added 314.95 points to settle the trading session at 41,667.94, marking an intraday high of 41,681.68.
The total Volume of the KSE100 Index was 81.529 million shares.
Of the companies in KSE100 56 closed up, 31 closed down, 6 were unchanged while 7 remained untraded.
KSE100 index was supported by Oil & Gas Exploration Companies with 174.99, Oil & Gas Marketing Companies with 77.48, Power Generation & Distribution with 30.17, Chemical with 21.17 and Technology & Communication with 18.98 points.
Companies adding points to the index were PPL with 65.68, OGDC with 56.22, PSO with 43.98, POL with 29.73, and HUBC with 24.26 points.
KSE100 Index was let down by Inv. Banks / Inv. Cos. / Securities Cos. with 22.07, Fertilizer with 19.55, Commercial Banks with 4.77, Cement with 3.59 and Real Estate Investment Trust with 2.02 points.
Companies dragging the index lower were UBL with 33.61, DAWH with 20.86, ENGRO with 12.75, LUCK with 11.09 and FFC with 8.63 points.
In the broader market, the All-Share index closed at 27,937.46 with a net gain of 237.93 points.
The total market volume was 145.178 million shares with the traded value being recorded at 4.72 billion.
There were 80,840 trades reported in 320 companies with 183 closing up, 106 closing down and 31 remaining unchanged.
