PSX Closing Bell: Smooth Sailing

November 20, 2023 (MLN): The benchmark KSE-100 Index traded sideways on the first trading session of the week, concluding Monday's session at 57,077.96 with a marginal uptick of 14.80 points or 0.03%.

The index traded in a range of 570.87 points showing an intraday high of 57,309.27 (+246.11) and a low of 56,738.40 (-324.76) points.

The total volume of the KSE-100 Index was 314.736 million shares.

Of the 100 index companies 36 closed up, 42 closed down, 1 was unchanged, while 21 remained untraded.

KSE-100 index was supported by Commercial Banks with 75.93, Inv. Banks / Inv. Cos. / Securities Cos. with 45.14, Pharmaceuticals with 23.9, Fertilizer with 23.21, and Glass & Ceramics with 21 points.

Companies adding points to the index were DAWH with 46.6, UBL with 38.47, MEBL with 23.09, KEL with 21.78, and GHGL with 19.01 points.

KSE-100 Index was let down by Cement with 97.99, Oil & Gas Exploration Companies with 58.77, Technology & Communication with 37.54, Chemical with 15.8, and Engineering with 14.32 points.

Companies dragging the index lower were LUCK with 46.93, OGDC with 29.16, SYS with 28.37, ENGRO with 27.34 and PPL with 22.49 points.

In the broader market, the All-Share index closed at 38,382.82 with a net gain of 64.27 points.

Total market volume was 718.285 million shares compared to 901.597 from the previous session while traded value was recorded at Rs16.69 billion showing a decrease of Rs6.74bn.

There were 227,061 trades reported in 374 companies with 199 closing up, 161 closing down and 14 remaining unchanged.

To note, the KSE-100 has gained 15,625 points or 37.69% during the fiscal year, whereas the ongoing calendar year has witnessed a cumulative increase of 16,658 points, equivalent to 41.21% in the KSE-100.

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