January 05, 2023 (MLN): The benchmark KSE-100 Index closed in the green zone on Thursday, gaining 177.44 points (0.44% DoD) to settle at 40,716.74 after making a high of 40,790.74 in intraday trading.
Pakistan Stock Exchange (PSX) throughout the day remained in rangebound trend, and no any fresh buying observed during the trading hours as total volume remained same.
In the 1HCY23 the market will not show any major improvement, due to spiraling inflation, falling reserves and external vulnerabilities hitting the country, a research report by AKD Securities quoted.
Further, politics appears to be a nightmare the country is unable to wake up from while the recent floods appear to have been plagiarized right from Moses’ biblical story, it added.
By the session’s end, the total volumes of the KSE-100 index stood at 61.92 shares, increased by 1.21% DoD from 61.17shares traded on Wednesday.
Shares of 86 companies were traded on Thursday, of which 43 registered an increase, 42 recorded a fall, and one remained unchanged.
In terms of sectors, most of the positive contributions came from commercial banks, fertilizer, oil & gas exploration, oil & gas marketing, miscellaneous, and technology which cumulatively added 220.49 points to the index tally by the day’s end.
Meanwhile, the volume leaders on the benchmark index were KEL (18.62mn), CNERGY (8.54mn), SNGP (5.71mn), PPL (4.49mn), and OGDC (3.59mn).
The scrips which gained the most during the session included: PSEL (6.53%), ENGRO (3.03%), SYS (1.28%), HINOON (1.07%), and APL (1.17%). On the other hand, the stocks that emerged as net losers during the day included RMPL (2.60%), NESTLE (2.43%), INDU (3.66%), ATLH (7.50%), and COLG (0.53%).
