PSX Closing Bell: Record-Breaker
MG News | October 29, 2024 at 04:22 PM GMT+05:00
October 29, 2024 (MLN): Pakistan stocks continued their record-breaking rally for the seventh session on Tuesday as improving macroeconomic indicators and expectations of further reduction in the policy rate continued to boost sentiment.
The benchmark KSE-100 Index jumped 668.58 points or 0.74% to close at a record 90,864.09.
The index remained positive throughout the day showing an intraday high of 91,358.15 (+1,162.64) and a low of 90,449.41 (+253.90) points.
The total volume of the KSE-100 Index was 256.87 million shares.
Market sentiment was also bolstered by a bumper earnings season.
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Of the 100 index companies 56 closed up, 43 closed down, while 1 remained untraded.
Top gainers during the day were PGLC (+10.00%), GLAXO (+10.00%), CHCC (+9.25%), ABOT (+6.47%), and ILP (+6.30%).
On the other hand, top losers were PIOC (-6.81%), AIRLINK (-6.25%), AGP (-4.25%), SHEL (-3.71%), and PTC (-3.66%).
In terms of index-point contributions, companies that propped up the index were FFC (+198.50pts), SYS (+128.13pts), CHCC (+83.24pts), HUBC (+56.89pts), and GLAXO (+48.18pts).
Meanwhile, companies that dragged the index lower were EFERT (-90.67pts), MARI (-54.77pts), PIOC (-47.39pts), DAWH (-32.66pts), and AIRLINK (-26.69pts).
Sector-wise, KSE-100 Index was supported by Commercial Banks (+206.34pts), Fertilizer (+151.57pts), Technology & Communication (+104.81pts), Cement (+92.52pts), and Pharmaceuticals (+79.19pts).
While the index was let down by Inv. Banks / Inv. Cos. / Securities Cos. (-37.79pts), Oil & Gas Marketing Companies (-37.42pts), Engineering (-18.93pts), Miscellaneous (-13.20pts), and Insurance (-11.79pts).
In the broader market, the All-Share Index closed at 57,924.43 with a net gain of 273.14 points or 0.47%.
Total market volume was 602.81 million shares compared to 567.26m from the previous session while traded value was recorded at Rs28.20 billion showing a decrease of Rs1.01bn.
There were 304,046 trades reported in 439 companies with 171 closing up, 219 closing down, and 49 remaining unchanged.
| Symbol | Price | Change % | Volume |
|---|---|---|---|
| WTL | 1.27 | 2.42% | 41,401,611 |
| SILK | 1.08 | 8.00% | 31,281,039 |
| PACE | 5.73 | -4.66% | 30,208,661 |
| POWER | 6.02 | 8.27% | 25,619,164 |
| FFL | 10.59 | 1.44% | 24,810,190 |
| KEL | 4.37 | 0.23% | 23,787,546 |
| SSGC | 13.38 | 4.29% | 21,730,897 |
| SEARL | 69.26 | -0.52% | 16,942,527 |
| TRG | 49.83 | 2.51% | 13,989,730 |
| MLCF | 38.79 | 3.00% | 12,916,797 |
To note, the KSE-100 has gained 12,419 points or 15.83% during the fiscal year, whereas it has increased 28,413 points or 45.50% so far this calendar year.
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| Name | Price/Vol | %Chg/NChg |
|---|---|---|
| KSE100 | 171,115.82 431.76M | -1.03% -1778.46 |
| ALLSHR | 102,630.82 1,022.40M | -0.72% -743.98 |
| KSE30 | 51,478.54 123.81M | -1.23% -641.56 |
| KMI30 | 245,731.79 184.52M | -1.22% -3035.83 |
| KMIALLSHR | 66,650.32 595.11M | -0.81% -541.20 |
| BKTi | 47,279.59 41.00M | -1.38% -660.98 |
| OGTi | 35,704.94 10.73M | -1.65% -598.06 |
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|---|
| Name | Last | High/Low | Chg/%Chg |
|---|---|---|---|
| BITCOIN FUTURES | 80,390.00 | 0.00 0.00 | 5.00 0.01% |
| BRENT CRUDE | 100.25 | 102.92 99.55 | 0.19 0.19% |
| RICHARDS BAY COAL MONTHLY | 110.00 | 0.00 0.00 | -3.30 -2.91% |
| ROTTERDAM COAL MONTHLY | 107.10 | 107.75 106.20 | 2.10 2.00% |
| USD RBD PALM OLEIN | 1,191.50 | 1,191.50 1,191.50 | 0.00 0.00% |
| CRUDE OIL - WTI | 94.68 | 0.00 0.00 | -0.74 -0.78% |
| SUGAR #11 WORLD | 14.69 | 14.75 14.46 | 0.15 1.03% |
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