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
Posted on: 2024-09-05T16:21:36+05:00
