PSX Closing Bell: Fresh Start

July 01, 2024 (MLN): Pakistan stocks started the first session of the new fiscal year on a positive note, with its key benchmark KSE-100 index gaining 379.37 points or 0.48% to close at 78,824.33.

The index traded in a range of 1,108.43 points showing an intraday high of 79,536.22 (+1,091.26) and a low of 78,427.79 (-17.17) points.

The total volume of the KSE-100 index was 163.29 million shares.

Of the 100 index companies 46 closed up, 48 closed down, 5 were unchanged, while 1 remained untraded.

KSE-100 index was supported by Commercial Banks (+218.41pts), Fertilizer (+67.02pts), Oil & Gas Exploration Companies (+61.69pts), Leather & Tanneries (+40.08pts), and Tobacco (+35.92pts).

On the flip-side, the index was let down by Cement (-39.25pts), Miscellaneous (-18.69pts), Chemical (-16.04pts), Automobile Parts & Accessories (-15.69pts), and Textile Composite (-10.16pts).

Companies that added points to the index were PPL (+79.54pts), EFERT (+74.03pts), UBL (+44.43pts), SRVI (+40.08pts), and PAKT (+35.92pts).

On the flip-side, the index was let down by ENGRO (-30.41pts), LUCK (-21.66pts), MARI (-18.25pts), CHCC (-17.07pts), and THALL (-15.69pts).

In the broader market, the All-Share index closed at 50,002.59 with a net gain of 318.84 points or 0.64%.

Total market volume was 306.04 million shares compared to 347.67m from the previous session while traded value was recorded at Rs13.75 billion showing an increase of Rs1.85bn.

There were 192,540 trades reported in 425 companies with 183 closing up, 186 closing down, and 56 remaining unchanged.

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