PSX Closing Bell: Down in the Dumps

May 29, 2024 (MLN): The benchmark KSE-100 index closed Wednesday's trading session at 74,836.30 showing a decrease of 681.19 points or 0.9%.

The index traded in a range of 907.21 points showing an intraday high of 75,667.31 (+149.82) and a low of 74,760.10 (-757.39) points.

The total volume of the KSE-100 index was 192.58 million shares.

Of the 100 index companies 20 closed up, 76 closed down, while 4 were unchanged.

KSE-100 index was let down by Oil & Gas Exploration Companies (209.08pts), Commercial Banks (137.91pts), Fertilizer (110.09pts), Cement (63pts), and Technology & Communication (37.65pts).

On the flip-side, the index was supported by Leather & Tanneries (32.77pts), Chemical (13.97pts), Miscellaneous (11.56pts), Insurance (7.17pts), and Tobacco (4.88pts).

Companies that dragged the index lower were OGDC (89.93pts), PPL (68.25pts), BAHL (63.39pts), FFC (57.46pts), and ENGRO (44.32pts).

On the other hand, companies that added points to the index were SRVI (32.77pts), LCI (18.96pts), PSEL (18.41pts), FABL (13.28pts), and MUGHAL (10.95pts).

In the broader market, the All-Share index closed at 48,419.47 with a net loss of 490.37 points.

Total market volume was 408.07 million shares compared to 446.07m from the previous session while traded value was recorded at Rs16.50 billion showing an increase of Rs67.83m.

There were 200,489 trades reported in 405 companies with 85 closing up, 277 closing down and 43 remaining unchanged.

To note, the KSE-100 has gained 33,384 points or 80.53% during the fiscal year, whereas the ongoing calendar year has witnessed a cumulative increase of 12,385 points, equivalent to 19.83%.

Copyright Mettis Link News