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PSX Closing Bell: Set Fire to the Rain

PSX Closing Bell: Set Fire to the Rain
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July 08, 2024 (MLN): Pakistan stocks extended their scorching run on Monday, with the benchmark KSE-100 Index gaining 353.41 points or 0.44% to close at 80,566.2.

Earlier in the session, trading at the Pakistan Stock Exchange (PSX) was halted for two hours after a fire broke out at the exchange building unexpectedly.

The fire started around an hour before trading was slated to begin and PSX exercised high-security alert whereby no one was allowed to enter the main compound of the building except essential personnel, firefighters, and fire-fighting crew. 

Trading in all securities was restarted at around 12:30pm.

The index traded in a range of 545.39 points showing an intraday high of 80,737.70 (+524.91) and a low of 80,192.31 (-20.48) points.

The total volume of the KSE-100 Index was 138.37 million shares.

Of the 100 index companies 55 closed up, 40 closed down, while 5 were unchanged.

KSE-100 index was supported by Commercial Banks (+204.08pts), Cement (+76.28pts), Refinery (+44.04pts), Oil & Gas Marketing Companies (+36.43pts), and Power Generation & Distribution (+27.53pts).

On the flip-side, the index was let down by Fertilizer (-45.21pts), Automobile Assembler (-31.13pts), Technology & Communication (-22.36pts), Leather & Tanneries (-18.34pts), and Synthetic & Rayon (-3.47pts).

Companies that added points to the index were HBL (+74.34pts), NBP (+65.00pts), ABL (+37.44pts), PPL (+31.69pts), and UBL (+29.15pts).

On the other hand, companies that dragged the index lower were MCB (-30.11pts), MTL (-30.06pts), POL (-24.68pts), TRG (-19.69pts), and EFERT (-19.32pts).

In the broader market, the All-Share index closed at 51,169.33 with a net gain of 392.98 points or 0.77%.

Total market volume was 261.65 million shares compared to 448.98m from the previous session while traded value was recorded at Rs13.02 billion showing a decrease of Rs5.97bn.

There were 146,374 trades reported in 425 companies with 216 closing up, 156 closing down, and 53 remaining unchanged.

Company Volume

Top Ten by Volume

HUMNL 20,667,563
NBP 19,555,510
BOP 17,587,329
PIAHCLA 13,861,550
PRL 12,790,152
AKBL 8,792,460
MLCF 6,903,610
FCCL 6,651,536
WTL 6,649,353
PTC 6,511,831

 

To note, the KSE-100 has gained 2,121 points or 2.70% during the fiscal year, whereas the ongoing calendar year has witnessed a cumulative increase of 18,115 points, equivalent to 29.01%.

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Posted on: 2024-07-08T16:23:25+05:00