PSX Closing Bell: Left in Limbo
 
 MG News | September 02, 2024 at 04:30 PM GMT+05:00
September 02, 2024 (MLN): Pakistan stocks kicked off the week on a positive note owing to a rating upgrade by Moody’s last week and expectations of a significant slowdown in inflation.
However, concerns regarding a delay in the International Monetary Fund (IMF) executive board’s approval for the eagerly awaited $7 billion bailout package continued to take a toll on markets.
Moreover, earnings from the refinery sector failed to live up to investor hopes.
The benchmark KSE-100 ultimately closed Monday's trading session at 78,283.29, showing a decrease of 204.92 points or 0.26%. Last week, the index lost 0.4%.

The index traded in a range of 774.32 points showing an intraday high of 79,014.68 (+526.47) and a low of 78,240.36 (-247.85) points.
The total volume of the KSE-100 Index was 121.32 million shares.
On the economic front, Pakistan's inflation fell to 9.6% in August compared to 11.1% in the last month and 27.4% in August 2023, the Pakistan Bureau of Statistics (PBS) reported on Monday.
The annual rise in the consumer price index (CPI) was in line with the market expectations of 9.6%, and marked the first single-digit inflation since October 2021, when it was 9.2%.
Of the 100 index companies 30 closed up, 65 closed down, while 5 were unchanged.
Top losers during the day were YOUW (-17.12%), INIL (-7.91%), NRL (-6.69%), BNWM (-6.28%), and APL (-4.95%).
National Refinery Limited (NRL) posted a loss after tax of Rs8.27 billion [LPS: Rs103.39] during the quarter ending June 2024.
On the other hand, top gainers were FCEPL (+10.00%), THALL (+5.88%), PGLC (+4.29%), SRVI (+4.01%), and PIBTL (+3.42%).

In terms of index-point contributions, companies that dragged the index lower were MEBL (-64.01pts), ENGRO (-45.32pts), HBL (-41.18pts), MTL (-30.62pts), and UBL (-26.99pts).
Meanwhile, companies that added points to the index were HUBC (+57.99pts), MARI (+44.39pts), THALL (+27.46pts), SRVI (+26.96pts), and BAHL (+20.69pts).

Sector-wise, KSE-100 Index was let down by Commercial Banks (-152.40pts), Fertilizer (-61.97pts), Technology & Communication (-47.40pts), Engineering (-25.82pts), and Refinery (-21.42pts).
While the index was supported by Power Generation & Distribution (+73.83pts), Oil & Gas Exploration Companies (+70.87pts), Automobile Parts & Accessories (+27.46pts), Leather & Tanneries (+26.96pts), and Textile Composite (+6.92pts).

In the broader market, the All-Share Index closed at 50,391.04 with a net loss of 283.69 points or 0.56%.
Total market volume was 457.28 million shares compared to 680.81m from the previous session while traded value was recorded at Rs15.87 billion showing a decrease of Rs5.31bn.
There were 242,162 trades reported in 447 companies with 107 closing up, 287 closing down, and 53 remaining unchanged.
| Symbol | Price | Change % | Volume | 
|---|---|---|---|
| HASCOL | 7.65 | -3.16% | 46,430,036 | 
| AGHA | 13.68 | -10.00% | 28,794,375 | 
| SLGL | 14.89 | -9.04% | 21,545,106 | 
| WTL | 1.19 | -1.65% | 20,750,623 | 
| CTM | 7.14 | 8.84% | 18,033,345 | 
| SYM | 8.99 | -3.75% | 16,280,853 | 
| AIRLINK | 141.87 | -3.93% | 15,688,899 | 
| DFML | 48.1 | -8.97% | 12,565,447 | 
| CNERGY | 3.82 | -1.04% | 11,883,567 | 
| YOUW | 4.84 | -17.12% | 11,478,320 | 
To note, the KSE-100 has lost 162 points or 0.21% during the fiscal year, whereas the ongoing calendar year has witnessed a cumulative increase of 15,832 points, equivalent to 25.35%.
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| Name | Price/Vol | %Chg/NChg | 
|---|---|---|
| KSE100 | 161,631.73 408.94M | 3.13% 4898.86 | 
| ALLSHR | 98,254.73 951.34M | 2.71% 2590.07 | 
| KSE30 | 49,377.29 213.50M | 3.40% 1624.91 | 
| KMI30 | 232,700.28 121.13M | 2.88% 6525.03 | 
| KMIALLSHR | 64,179.60 399.93M | 2.39% 1496.52 | 
| BKTi | 46,334.17 105.09M | 5.56% 2441.42 | 
| OGTi | 31,362.73 10.58M | 1.56% 482.31 | 
| Symbol | Bid/Ask | High/Low | 
|---|
| Name | Last | High/Low | Chg/%Chg | 
|---|---|---|---|
| BITCOIN FUTURES | 109,550.00 | 111,630.00 107,835.00 | 2595.00 2.43% | 
| BRENT CRUDE | 64.71 | 65.15 63.81 | 0.34 0.53% | 
| RICHARDS BAY COAL MONTHLY | 80.50 | 0.00 0.00 | -1.50 -1.83% | 
| ROTTERDAM COAL MONTHLY | 92.90 | 92.90 92.90 | -0.25 -0.27% | 
| USD RBD PALM OLEIN | 1,082.50 | 1,082.50 1,082.50 | 0.00 0.00% | 
| CRUDE OIL - WTI | 60.90 | 61.38 59.99 | 0.33 0.54% | 
| SUGAR #11 WORLD | 14.42 | 14.49 14.20 | 0.14 0.98% | 
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                                                 Total Advances, Deposits & Investments of Scheduled Banks
 Total Advances, Deposits & Investments of Scheduled Banks