PSX Closing Bell: Flat Tire

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MG News | September 05, 2024 at 04:21 PM GMT+05:00

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September 05, 2024 (MLN): The benchmark KSE-100 Index concluded Thursday's trading session almost flat at 78,863.34, showing a marginal increase of 15.33 points or 0.02%.

The index traded in a range of 576.28 points showing an intraday high of 79,154.29 (+306.28) and a low of 78,578.01 (-270.00) points.

The total volume of the KSE-100 Index was 132.20 million shares.

Of the 100 index companies 29 closed up, 69 closed down, 1 was unchanged, while 1 remained untraded.

Top gainers during the day were KOHC (+10.00%), SHFA (+5.79%), SCBPL (+3.37%), FABL (+3.26%), and UBL (+3.19%).

Kohat Cement Limited (KOHC) recorded over a five times increase in its profit during the April-June quarter led by an improvement in gross margins, a surge in its other income, and a significantly lower tax rate.

The board also recommended a buy-back of up to 12 million of its own issued ordinary shares, to be funded from the company’s distributable profits or reserves.

On the other hand, top losers were YOUW (-8.46%), SRVI (-4.24%), FCEPL (-3.70%), HGFA (-2.62%), and PIBTL (-2.61%).

In terms of index-point contributions, companies that propped up the index were UBL (+126.90pts), KOHC (+49.57pts), MCB (+28.24pts), HMB (+25.14pts), and FFC (+24.27pts).

Meanwhile, companies that dragged the index lower were MARI (-43.44pts), SRVI (-30.11pts), BAHL (-27.98pts), HUBC (-27.18pts), and HBL (-26.95pts).

Sector-wise, KSE-100 Index was supported by Commercial Banks (+126.07pts), Fertilizer (+56.48pts), Cement (+40.64pts), Automobile Parts & Accessories (+5.85pts), and Technology & Communication (+5.50pts).

While the index was let down by Oil & Gas Exploration Companies (-59.34pts), Power Generation & Distribution (-37.79pts), Leather & Tanneries (-30.11pts), Oil & Gas Marketing Companies (-19.20pts), and Automobile Assembler (-15.37pts).

In the broader market, the All-Share Index closed at 50,743.00 with a net gain of 36.06 points or 0.07%.

Total market volume was 770.52 million shares compared to 969.77m from the previous session while traded value was recorded at Rs14.29 billion showing a decrease of Rs3.22bn.

There were 256,472 trades reported in 443 companies with 147 closing up, 252 closing down, and 44 remaining unchanged.

Symbol Price Change % Volume

Top Ten by Volume

WTL 1.34 -2.19% 87,102,864
PACE 5.66 21.46% 66,581,544
KOSM 10.29 -9.82% 42,137,767
DCL 9.49 7.60% 39,823,713
SYM 10.31 -6.19% 37,713,602
MDTL 2.3 5.02% 25,875,278
AMTEEF 4.1 -6.39% 21,709,832
SLGL 18.15 0.72% 18,615,883
FNEL 4.05 3.58% 17,230,583
CNERGY 4.02 1.77% 15,941,656

 

To note, the KSE-100 has gained 418 points or 0.53% during the fiscal year, whereas the ongoing calendar year has witnessed a cumulative increase of 16,412 points, equivalent to 26.28%.

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Name Price/Vol %Chg/NChg
KSE100 163,304.13
424.61M
-0.78%
-1286.28
ALLSHR 99,380.97
1,038.42M
-0.94%
-946.44
KSE30 49,842.51
138.16M
-0.73%
-367.30
KMI30 238,104.17
78.33M
-0.14%
-327.97
KMIALLSHR 65,590.95
485.77M
-0.66%
-435.42
BKTi 45,705.29
72.87M
-2.08%
-972.73
OGTi 32,671.23
13.00M
-0.23%
-74.93
Symbol Bid/Ask High/Low
Name Last High/Low Chg/%Chg
BITCOIN FUTURES 110,465.00 112,355.00
109,820.00
45.00
0.04%
BRENT CRUDE 66.66 66.78
65.41
0.67
1.02%
RICHARDS BAY COAL MONTHLY 80.50 0.00
0.00
-1.05
-1.29%
ROTTERDAM COAL MONTHLY 92.60 0.00
0.00
0.10
0.11%
USD RBD PALM OLEIN 1,082.50 1,082.50
1,082.50
0.00
0.00%
CRUDE OIL - WTI 62.34 62.59
61.21
0.55
0.89%
SUGAR #11 WORLD 14.98 15.34
14.93
-0.31
-2.03%

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