PSX Closing Bell: Midas’ Golden Path

MG News | December 05, 2024 at 04:02 PM GMT+05:00

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December 05, 2024 (MLN): Pakistan stock market witnessed an undisputed rally today, extending gains from previous sessions with the benchmark KSE-100 Index surging by 3,134.63 points or 2.98%.

The index closed at yet another record high of 108,328.97, driven by robust buying momentum fueled by strong expectations of a further policy rate cut by the central bank.

The index remained positive throughout the day showing an intraday high of 108,345.98 (+3,241.65) and a low of 105,448.05 (+343.72) points.

The total volume of the KSE-100 Index was 721.59 million shares.

Of the 100 index companies 78 closed up, 20 closed down, while 2 were unchanged.

Top gainers during the day were BOP (+11.00%), NML (+10.00%), INIL (+10.00%), PABC (+10.00%), and BWCL (+10.00%).

On the other hand, top losers were PIBTL (-4.90%), TRG (-3.59%), AGP (-1.86%), GLAXO (-1.64%), and KEL (-1.57%).

In terms of index-point contributions, companies that propped up the index were MARI (+392.25pts), FFC (+286.56pts), HUBC (+232.65pts), UBL (+217.13pts), and PPL (+176.76pts).

Meanwhile, companies that dragged the index lower were ENGRO (-39.42pts), TRG (-27.12pts), GLAXO (-13.36pts), PIBTL (-11.00pts), and HMB (-9.99pts).

Sector-wise, KSE-100 Index was supported by Commercial Banks (+702.10pts), Oil & Gas Exploration Companies (+677.05pts), Fertilizer (+426.37pts), Cement (+369.29pts), and Power Generation & Distribution (+260.53pts).

While the index was let down by Pharmaceuticals (-11.39pts), Transport (-11.00pts), Textile Spinning (-0.81pts), Property (-0.56pts), and Textile Weaving (-0.02pts).

In the broader market, the All-Share Index closed at 68,184.59 with a net gain of 1,924.36 points or 2.90%.

Total market volume was 1,647.13 million shares compared to 1,749.32m from the previous session while traded value was recorded at Rs63.23 billion showing an increase of Rs12.81bn.

There were 555,721 trades reported in 472 companies with 306 closing up, 129 closing down, and 37 remaining unchanged.

**Top Ten by Volume**
Symbol	Price	Change %	Volume
BOP	10.09	11.00%	163,462,276
WTL	1.59	-1.24%	150,476,152
CNERGY	6.87	0.29%	86,659,730
SSGC	35.89	9.99%	85,052,846
FFL	14.39	6.91%	56,131,720
PIBTL	8.15	-4.90%	45,979,333
PRL	34.09	9.93%	43,429,651
KEL	5.66	-1.57%	40,663,220
SILK	1.06	2.91%	37,881,310
PACE	7.36	4.84%	35,434,752

To note, the KSE-100 has gained 29,794 points or 37.98% during the fiscal year, whereas it has increased 45,788 points or 73.32% so far this calendar year.

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KSE100	171,404.49 326.40M	-0.32% -556.16
ALLSHR	103,442.24 795.99M	-0.21% -217.04
KSE30	52,413.79 113.03M	-0.27% -143.72
KMI30	244,645.84 109.10M	-0.15% -378.05
KMIALLSHR	67,050.27 450.39M	-0.02% -14.08
BKTi	47,413.54 37.21M	-0.37% -176.81
OGTi	33,419.75 8.88M	-0.20% -67.52

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Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	87,895.00	89,510.00 85,135.00	3075.00 3.63%
BRENT CRUDE	60.55	60.65 59.40	0.73 1.22%
RICHARDS BAY COAL MONTHLY	91.00	0.00 0.00	2.30 2.59%
ROTTERDAM COAL MONTHLY	96.90	96.90 96.90	0.50 0.52%
USD RBD PALM OLEIN	1,016.00	1,016.00 1,016.00	0.00 0.00%
CRUDE OIL - WTI	56.54	56.72 55.61	0.54 0.96%
SUGAR #11 WORLD	14.85	14.87 14.45	0.37 2.56%