PSX Closing Bell: Riding High, Falling Hard

MG News | September 26, 2024 at 04:21 PM GMT+05:00
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 |
---|---|---|---|
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%.
Copyright Mettis Link News
Related News
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% |
Chart of the Day
Latest News
Top 5 things to watch in this week
Pakistan Stock Movers
Name | Last | Chg/%Chg |
---|
Name | Last | Chg/%Chg |
---|