PSX Closing Bell: Flat Tire

MG News | September 05, 2024 at 04:21 PM GMT+05:00
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 |
---|---|---|---|
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%.
Copyright Mettis Link News
Related News
Name | Price/Vol | %Chg/NChg |
---|---|---|
KSE100 | 167,346.83 1,004.31M | 0.66% 1103.93 |
ALLSHR | 101,585.71 1,816.82M | 0.45% 452.89 |
KSE30 | 51,193.07 238.52M | 0.60% 306.47 |
KMI30 | 241,742.81 114.47M | 0.26% 626.15 |
KMIALLSHR | 66,704.29 951.52M | 0.28% 184.85 |
BKTi | 48,187.89 155.95M | 1.00% 476.82 |
OGTi | 32,653.86 16.59M | 0.73% 235.25 |
Symbol | Bid/Ask | High/Low |
---|
Name | Last | High/Low | Chg/%Chg |
---|---|---|---|
BITCOIN FUTURES | 113,795.00 | 113,900.00 107,705.00 | 2720.00 2.45% |
BRENT CRUDE | 61.34 | 61.78 60.35 | 0.33 0.54% |
RICHARDS BAY COAL MONTHLY | 80.50 | 0.00 0.00 | -1.10 -1.35% |
ROTTERDAM COAL MONTHLY | 92.75 | 0.00 0.00 | 0.00 0.00% |
USD RBD PALM OLEIN | 1,085.00 | 1,085.00 1,085.00 | 0.00 0.00% |
CRUDE OIL - WTI | 57.35 | 57.77 56.35 | 0.33 0.58% |
SUGAR #11 WORLD | 15.30 | 15.82 15.10 | -0.42 -2.67% |
Chart of the Day
Latest News
Top 5 things to watch in this week
Pakistan Stock Movers
Name | Last | Chg/%Chg |
---|
Name | Last | Chg/%Chg |
---|