PSX Closing Bell: Interstellar

October 20, 2023 (MLN): The benchmark KSE-100 index concluded the week on a strong note, extending its rally by gaining an impressive 366.72 points or 0.73% DoD to close at 50,731.87.

To note, this was the highest weekly close since May 22, 2017, the same week when the index reached its all-time high of 53,127.

The market continued to see high activity with KSE-100’s total shares traded being recorded at 210.056 million for the day.

The index traded in a range of 619.92 points showing an intraday high of 50,952.67 (+587.52) and a low of 50,332.76 (-32.40) points.

Of the 100 index companies 50 closed up, 41 closed down, 2 were unchanged, while 7 remained untraded.

KSE-100 index was supported by Commercial Banks with 126.71, Power Generation & Distribution with 115.66, Fertilizer with 86.06, Cement with 28.88, and Technology & Communication with 24.68 points.

Companies adding points to the index were HUBC with 126.31, FFC with 39.38, BAHL with 32.27, EFERT with 30.24, and HBL with 27.95 points.

KSE-100 Index was let down by Food & Personal Care Products with 26.07, Oil & Gas Exploration Companies with 25.33, Tobacco with 14.08, Inv. Banks / Inv. Cos. / Securities Cos. with 10.66, and Automobile Assembler with 7.15 points.

Companies dragging the index lower were PAKT with 14.08, UNITY with 13.32, OGDC with 13.06, NESTLE with 12.83 and KEL with 9.05 points.

In the broader market, the All-Share index closed at 33,689.03 with a net gain of 62.50 points.

Total market volume was 430.053 million shares compared to 427.477 from the previous session while traded value was recorded at Rs14.61 billion showing an increase of Rs0.02bn.

There were 187,776 trades reported in 350 companies with 188 closing up, 145 closing down and 17 remaining unchanged.

To note, the KSE-100 has gained 9,279 points or 22.38% during the fiscal year, whereas the ongoing calendar year has witnessed a cumulative increase of 10,311 points, equivalent to 25.51% in the KSE-100.

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