PSX Closing Bell: Lap of Luxury

July 24, 2024 (MLN): Bulls dominated today's trading session at the Pakistan Stock Exchange, driving the benchmark KSE-100 index to close 409.91 points (0.52%) higher at 79,397.

The index traded in a range of 632.88 points showing an intraday high of 79,704.36 (+717.27) and a low of 79,071.48 (+84.39) points.

The total volume of the KSE-100 Index was 102.94 million shares.

Of the 100 index companies 57 closed up, 39 closed down, 3 were unchanged, while 1 remained untraded.

Top gainers during the day were TRG (+10%), FABL (+9.04%), HGFA (+5.27%), NBP(+2.99%), and LCI (+2.82%).

On the other hand, top losers were NCPL (-2.99%), PAKT(-2.77%), SHFA (-2.74%), CEPB (-2.13%), and SRVI (-2.06%).

KSE-100 index was supported by Commercial Banks (+222.06pts), Fertilizer (+151.71pts), Technology & Communication (+55.13pts), Pharmaceuticals (+21.88pts), and Oil & Gas Marketing Companies (+18.06pts).

On the flip-side, the index was let down by Power Generation & Distribution (-69.39pts), Inv. Banks / Inv. Cos. / Securities Cos. (-22.45pts), Leather & Tanneries (-13.32pts), Tobacco (-10.59pts), and Automobile Assembler (-6.28pts).

Companies that added points to the index were FFC (+77.96pts), MEBL (+72.85pts), TRG (+65.85pts), FABL (+51.16pts), and EFERT (+50.02pts).

On the other hand, companies that dragged the index lower were HUBC (-52.96pts), UBL (-31.46pts), DAWH (-25.80pts), SRVI (-13.32pts), and PAKT (-10.59pts).

In the broader market, the All-Share index closed at 50,359.13 with a net gain of 223.55 points or 0.45%.

Total market volume was 386.98 million shares compared to 316.25m from the previous session while traded value was recorded at Rs14.90 billion showing a decrease of Rs2.18bn.

There were 218,891 trades reported in 429 companies with 228 closing up, 154 closing down, and 47 remaining unchanged.

To note, the KSE-100 has gained 952 points or 1.21% during the fiscal year, whereas the ongoing calendar year has witnessed a cumulative increase of 16,946 points, equivalent to 27.13%.

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