PSX Closing Bell: Good vibes only

October 03, 2023 (MLN): The benchmark KSE-100 Index ended Tuesday's trading session at 46,756.80 showing an increase of 129.72 points or 0.28%, closing in towards the key 47,000 level.

The index maintained its upward momentum despite mixed economic indicators.

The index remained positive throughout the day showing an intraday high of 46,820.72 (+193.64) points.

The total volume of the KSE-100 Index was 95.173 million shares.

KSE-100 Intraday Performance

Meanwhile, in today's session, UNITY’s stock price dropped sharply by approximately 2.88% following its announcement of a 69% profit decline in FY23. It also saw increased trading activity, as it ranked fourth in trading volume today.

Of the 100 index companies 48 closed up, 38 closed down, 9 were unchanged, while 5 remained untraded.

On the economic front, the consumer price index (CPI) for the month of September 2023 clocked in at 31.4% YoY, compared to 27.4% YoY in the last month, and rose by 2% MoM.

On the other hand, Pakistan's trade deficit for the month of September was $1.489 billion compared to a deficit of $2.162bn from the previous month, improving by 31.13% MoM and 47.86% YoY.

PKR maintained its upward trajectory, gaining an additional Rs1.04 against the USD today, completely wiping out the fiscal year-to-date decline.

Moreover, following the SBP’s reforms to facilitate the public at large, BAFL became the seventh bank to approve the establishment of its own Exchange Company, with a maximum initial paid-up capital of Rs2bn.

KSE-100 index was supported by Fertilizer with 84.1, Commercial Banks with 50.97, Cement with 17.56, Power Generation & Distribution with 10.62, and Automobile Assembler with 6.19 points.

Companies adding points to the index were ENGRO with 42.87, EFERT with 40.8, MCB with 25.28, BAHL with 17.95, and LUCK with 10.93 points.

KSE-100 Index was let down by Oil & Gas Exploration Companies with 26.66, Technology & Communication with 19.86, Inv. Banks / Inv. Cos. / Securities Cos. with 7.86, Automobile Parts & Accessories with 7.05, and Food & Personal Care Products with 3.08 points.

Companies dragging the index lower were OGDC with 15.1, SYS with 10.67, DAWH with 8.27, FATIMA with 7.1 and UBL with 7.07 points.

In the broader market, the All-Share index closed at 31,428.22 with a net gain of 55.29 points.

Total market volume was 213.188 million shares compared to 202.599 from the previous session while traded value was recorded at Rs6.09 billion showing a decrease of Rs1.31bn.

There were 99,862 trades reported in 326 companies with 142 closing up, 154 closing down and 30 remaining unchanged.

To note, the KSE-100 has gained 5,304 points or 12.8% during the fiscal year, whereas the ongoing calendar year has witnessed a cumulative increase of 6,336 points, equivalent to 15.68% in the KSE-100.

KSE-100 Historical Performance

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