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 133,782.35
325.79M
0.91%
1205.36
ALLSHR 83,615.82
940.14M
0.76%
632.14
KSE30 40,681.77
65.23M
0.80%
322.98
KMI30 191,640.88
61.56M
0.48%
913.56
KMIALLSHR 55,891.51
405.64M
0.35%
193.03
BKTi 36,988.68
20.05M
2.06%
746.62
OGTi 28,181.50
5.52M
-0.50%
-141.92
Symbol Bid/Ask High/Low
Name Last High/Low Chg/%Chg
BITCOIN FUTURES 111,255.00 112,170.00
111,220.00
-990.00
-0.88%
BRENT CRUDE 69.67 70.48
69.35
-0.52
-0.74%
RICHARDS BAY COAL MONTHLY 97.50 0.00
0.00
1.00
1.04%
ROTTERDAM COAL MONTHLY 109.00 110.00
109.00
1.25
1.16%
USD RBD PALM OLEIN 998.50 998.50
998.50
0.00
0.00%
CRUDE OIL - WTI 67.73 68.65
67.42
-0.65
-0.95%
SUGAR #11 WORLD 16.29 16.56
16.27
-0.27
-1.63%

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