PSX Closing Bell: Rocky Start

MG News | September 09, 2024 at 04:21 PM GMT+05:00

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September 09, 2024 (MLN): The benchmark KSE-100 Index concluded Monday's trading session at 78,615.00, showing a decrease of 282.72 points or 0.36%.

The index traded in a range of 668.59 points showing an intraday high of 79,214.27 (+316.55) and a low of 78,545.68 (-352.04) points.

The total volume of the KSE-100 Index was 90.27 million shares.

Of the 100 index companies 42 closed up, 53 closed down, while 5 were unchanged.

Top losers during the day were PGLC (-8.79%), MTL (-6.55%), HGFA (-2.62%), HBL (-2.40%), and KEL (-2.17%).

On the other hand, top gainers were SHFA (+8.13%), GLAXO (+6.65%), PIOC (+4.80%), YOUW (+4.26%), and BNWM (+3.80%).

In terms of index-point contributions, companies that dragged the index lower were MTL (-108.24pts), HUBC (-85.98pts), UBL (-77.27pts), HBL (-54.12pts), and MEBL (-28.07pts).

Meanwhile, companies that added points to the index were FFC (+57.57pts), LUCK (+30.62pts), PIOC (+25.46pts), GLAXO (+22.25pts), and SRVI (+19.96pts).

Sector-wise, KSE-100 Index was let down by Commercial Banks (-175.80pts), Automobile Assembler (-116.38pts), Power Generation & Distribution (-102.06pts), Inv. Banks / Inv. Cos. / Securities Cos. (-18.81pts), and Oil & Gas Marketing Companies (-16.39pts).

While the index was supported by Cement (+74.18pts), Pharmaceuticals (+35.72pts), Fertilizer (+25.04pts), Leather & Tanneries (+19.96pts), and Miscellaneous (+11.84pts).

In the broader market, the All-Share Index closed at 50,691.18 with a net loss of 123.65 points or 0.24%.

Total market volume was 491.12 million shares compared to 741.29m from the previous session while traded value was recorded at Rs10.12 billion showing a decrease of Rs2.75bn.

There were 213,886 trades reported in 443 companies with 155 closing up, 228 closing down, and 60 remaining unchanged.

**Top Ten by Volume**
Symbol	Price	Change %	Volume
WTL	1.46	2.82%	86,006,041
KOSM	9.63	3.33%	42,932,284
PACE	6.38	3.91%	37,264,175
TRSM	4.82	-16.32%	33,756,767
WAVESAPP	8.76	0.81%	18,380,894
CNERGY	4.16	1.96%	16,503,865
FFL	9.44	-0.84%	15,599,682
KEL	4.06	-2.17%	15,296,705
TELE	7.93	1.80%	11,198,841
DFML	51.39	4.01%	9,111,621

To note, the KSE-100 has gained 170 points or 0.22% during the fiscal year, whereas the ongoing calendar year has witnessed a cumulative increase of 16,164 points, equivalent to 25.88%.

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KSE30	47,851.52 125.11M	-0.40% -191.53
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Name	Last	High/Low	Chg/%Chg
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BRENT CRUDE	100.32	101.59 96.00	8.34 9.07%
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ROTTERDAM COAL MONTHLY	121.50	121.50 120.50	-0.35 -0.29%
USD RBD PALM OLEIN	1,083.50	1,083.50 1,083.50	0.00 0.00%
CRUDE OIL - WTI	94.80	95.97 88.61	7.55 8.65%
SUGAR #11 WORLD	14.22	14.53 14.18	-0.16 -1.11%