PSX Closing Bell: Hit the Road Jack

March 24, 2025 (MLN): After witnessing remarkable gains last week, the benchmark KSE-100 Index started the week on a negative note as investors succumbed to selling pressure, concluding Monday's trading session at 116,439.62, down by 2,002.55 points or 1.69%.

Celebration in anticipation of a reduction in Power Tariff announced by the PM last week converted into sorrow as IMF categorically rejected it, Ali Najib, Head of Sales at Insight Securities told Mettis Global.

He added that FBR's plea to slash property tax met the same fate and couldn’t get past the IMF nod. 

Further, the initiation of roll-over week also fueled the fire of bearishness today. 

The index traded in a range of 2,540.19 points showing an intraday high of 118,797.70 (+355.53) and a low of 116,257.51 (-2,184.66) points.

The total volume of the KSE-100 Index was 167.11 million shares.

Of the 100 index companies 16 closed up, 81 closed down, while 3 were unchanged.

Top losers during the day were PKGP (-9.42%), CHCC (-8.35%), IBFL (-6.26%), SRVI (-5.89%), and PAEL (-4.79%).

On the other hand, top gainers were PABC (+5.50%), ATLH (+3.34%), TRG (+2.92%), JDWS (+1.11%), and INIL (+1.00%).

In terms of index-point contributions, companies that dragged the index lower were OGDC (-196.42pts), ENGROH (-170.94pts), FFC (-153.21pts), PPL (-152.48pts), and MARI (-138.01pts).

Meanwhile, companies that added points to the index were TRG (+23.40pts), PABC (+20.84pts), ATLH (+12.29pts), GLAXO (+7.44pts), and POL (+5.64pts).

Sector-wise, KSE-100 Index was let down by Oil & Gas Exploration Companies (-481.27pts), Fertilizer (-273.31pts), Cement (-268.18pts), Inv. Banks / Inv. Cos. / Securities Cos. (-185.45pts), and Commercial Banks (-154.16pts).

While the index was supported by Miscellaneous (+6.12pts), Real Estate Investment Trust (+2.77pts), Sugar & Allied Industries (+2.73pts), Transport (+2.13pts), and Vanaspati & Allied Industries (+0.00pts).

In the broader market, the All-Share Index closed at 72,366.80 with a net loss of 1,099.42 points or 1.50%.

Total market volume was 311.97 million shares compared to 369.12m from the previous session while traded value was recorded at Rs20.95 billion showing a decrease of Rs2.32bn.

There were 230,089 trades reported in 467 companies with 123 closing up, 266 closing down, and 78 remaining unchanged.

To note, the KSE-100 has gained 37,995 points or 48.43% during the fiscal year, whereas it has increased 1,313 points or 1.14% so far this calendar year.

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