November 15, 2023 (MLN): The main gauge of the Pakistan stock market ended slightly higher on Wednesday, managing to notch its fifth straight win.
The index closed at 56,680.07 showing an increase of 14.14 points or 0.02%.
However, the market was somewhat disappointed by the Morgan Stanley Capital International (MSCI) semi-annual index review, which did not bring any positive changes for Pakistan.
The country’s weight in the FM100 index also dropped from 3.2% to about 2.9%.
Throughout today's session, the index traded in a range of 413.63 points showing an intraday high of 56,846.68 (+180.74) and a low of 56,433.05 (-232.88) points.
Despite enduring a relatively less volatile session in terms of movement, the trading activity remained heightened.
The total volume of the KSE-100 Index was 306.792 million shares.
Of the 100 index companies 40 closed up, 38 closed down, 2 were unchanged, while 20 remained untraded.
KSE-100 index was supported by Oil & Gas Exploration Companies with 118.27, Oil & Gas Marketing Companies with 85.36, Food & Personal Care Products with 29.65, Refinery with 25.93, and Cable & Electrical Goods with 14.41 points.
Companies adding points to the index were PSO with 68.63, OGDC with 62.42, PPL with 56.52, UNITY with 18.76, and ATRL with 17.73 points.
KSE-100 Index was let down by Commercial Banks with 99.43, Power Generation & Distribution with 67.83, Cement with 57.67, Automobile Assembler with 43.74, and Fertilizer with 23.37 points.
Companies dragging the index lower were HUBC with 92.95, BAHL with 44.7, MTL with 42.15, MCB with 37.61 and EFERT with 36.45 points.
In the broader market, the All-Share index closed at 37,669.26 with a net gain of 126.42 points.
There were 263,656 trades reported in 357 companies with 194 closing up, 146 closing down and 17 remaining unchanged.
Total market volume soared to 661.624 million shares, the highest since July 01, 2021.
Moreover, the traded value was recorded at a two-year high of Rs24.35 billion, showing a DoD increase of Rs4.81bn.
| Company | Volume |
|---|---|
| WTL | 70,271,415 |
| PRL | 37,133,521 |
| SNGP | 22,477,958 |
| CNERGY | 22,163,445 |
| UNITY | 20,700,879 |
| SSGC | 19,951,794 |
| PPL | 19,292,737 |
| OGDC | 18,992,131 |
| FFL | 17,607,053 |
| DCL | 15,218,500 |
To note, the KSE-100 has gained 15,227 points or 36.73% during the fiscal year, whereas the ongoing calendar year has witnessed a cumulative increase of 16,260 points, equivalent to 40.23% in the KSE-100.
In a relative development, the Managing Director of the International Monetary Fund (IMF), Kristalina Georgieva, has stated that the IMF is set to finalize its review this week.
“I expect an agreement of the review to come within this week,” Georgieva told Bloomberg Television’s Haslinda Amin in an interview in Singapore on Wednesday.
Copyright Mettis Link News
Posted on: 2023-11-15T16:20:52+05:00
