PSX Closing Bell: Riding High, Falling Hard

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MG News | September 26, 2024 at 04:21 PM GMT+05:00

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September 26, 2024 (MLN): Pakistan's stocks were on the rise in the early trading hours today due to macroeconomic stability; however, bears emerged later, dragging the index lower by the close.

The benchmark KSE-100 Index concluded Thursday's trading session at 81,657.96, showing a decrease of 589.95 points or 0.72%.

The benchmark KSE-100 Index concluded Thursday's trading session at 81,657.96, showing a decrease of 589.95 points or 0.72%.

The index traded in a range of 1,353.07 points showing an intraday high of 82,905.73 (+657.82) and a low of 81,552.66 (-695.25) points.

The total volume of the KSE-100 Index was 152.66 million shares.

After a significant delay, the International Monetary Fund (IMF) has finally approved a 37-month Extended Arrangement for Pakistan, worth SDR 5,320 million (262% of quota, or approximately US$7 billion).

This will allow an immediate disbursement of SDR 760m (or about US$1bn), said a press release issued by the Fund.

Of the 100 index companies 35 closed up, 62 closed down, while 3 were unchanged.

Top losers during the day were ILP (-6.76%), PKGP (-5.35%), GLAXO (-4.84%), NCPL (-4.82%), and YOUW (-4.54%).

On the other hand, top gainers were KTML (+4.80%), AKBL (+4.59%), SRVI (+3.38%), HGFA (+2.95%), and ABOT (+2.34%).

In terms of index-point contributions, companies that dragged the index lower were HUBC (-160.21pts), FFC (-125.64pts), UBL (-63.53pts), ILP (-45.89pts), and MARI (-33.64pts).

Meanwhile, companies that added points to the index were SRVI (+26.84pts), BAFL (+25.95pts), POL (+22.53pts), BAHL (+22.40pts), and NBP (+21.75pts).

Sector-wise, KSE-100 Index was let down by Power Generation & Distribution (-213.24pts), Fertilizer (-182.63pts), Technology & Communication (-53.36pts), Oil & Gas Exploration Companies (-47.54pts), and Textile Composite (-38.74pts).

While the index was supported by Leather & Tanneries (+26.84pts), Paper, Board & Packaging (+8.82pts), Glass & Ceramics (+6.64pts), Refinery (+5.93pts), and Real Estate Investment Trust (+4.68pts).

In the broader market, the All-Share Index closed at 52,269.81 with a net loss of 348.44 points or 0.66%.

Total market volume was 423.94 million shares compared to 422.16m from the previous session while traded value was recorded at Rs17.67 billion showing a decrease of Rs0.71bn.

There were 227,046 trades reported in 444 companies with 125 closing up, 263 closing down, and 56 remaining unchanged.

Symbol Price Change % Volume

Top Ten by Volume

PIAHCLA 20.91 -5.21% 36,327,627
WTL 1.23 -1.60% 33,114,742
KOSM 8.28 -7.17% 25,821,689
TRG 54.99 -3.02% 17,036,463
PACE 5.46 -7.61% 15,099,404
KEL 3.84 -4.48% 14,153,374
SLGL 17.73 3.08% 12,812,927
FCCL 25.35 1.44% 11,949,523
HUBC 123.12 -3.97% 9,988,276
OGDC 143.56 -0.50% 9,855,544

 

To note, the KSE-100 has gained 3,213 points or 4.10% during the fiscal year, whereas the ongoing calendar year has witnessed a cumulative increase of 19,207 points, equivalent to 30.76%.

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Name Price/Vol %Chg/NChg
KSE100 138,412.25
167.69M
0.32%
447.43
ALLSHR 85,702.96
423.92M
0.15%
131.52
KSE30 42,254.84
82.09M
0.43%
180.24
KMI30 194,109.59
84.37M
0.15%
281.36
KMIALLSHR 56,713.67
217.03M
0.03%
16.37
BKTi 37,831.34
13.04M
1.62%
603.62
OGTi 27,440.63
3.93M
-0.09%
-23.70
Symbol Bid/Ask High/Low
Name Last High/Low Chg/%Chg
BITCOIN FUTURES 119,015.00 119,740.00
118,145.00
720.00
0.61%
BRENT CRUDE 73.13 73.17
71.75
0.62
0.86%
RICHARDS BAY COAL MONTHLY 96.50 0.00
0.00
2.20
2.33%
ROTTERDAM COAL MONTHLY 104.50 104.50
104.50
-0.30
-0.29%
USD RBD PALM OLEIN 998.50 998.50
998.50
0.00
0.00%
CRUDE OIL - WTI 69.91 69.94
68.45
0.70
1.01%
SUGAR #11 WORLD 16.47 16.58
16.37
-0.12
-0.72%

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