PSX Closing Bell: Take a Breather

October 24, 2023 (MLN): Following a period of continuous upward trajectory, the benchmark KSE-100 index faced some profit-taking pressure and lost around 446 points in early trading.

However, the index recovered from the low and ended the day almost unchanged at 51,027.94 points, with a slight decrease of 0.08% or 42.88 points.

The index traded in a range of 497.54 points showing an intraday high of 51,121.92 (+51.09) and a low of 50,624.38 (-446.45) points.

The total volume of the KSE-100 Index was 145.555 million shares.

Of the 100 index companies 38 closed up, 48 closed down, 1 was unchanged, while 13 remained untraded.

KSE-100 Index was let down by Oil & Gas Exploration Companies with 76.26, Fertilizer with 32.86, Cement with 12.48, Engineering with 12.44, and Paper & Board with 4.34 points.

Companies dragging the index lower were PPL with 49.79, ENGRO with 33.12, OGDC with 27.51, FFC with 20.45 and CHCC with 14.04 points.

KSE-100 index was supported by Miscellaneous with 28.33, Power Generation & Distribution with 20.22, Leather & Tanneries with 16.47, Automobile Assembler with 13.99, and Refinery with 8.84 points.

Companies adding points to the index were HUBC with 28.43, PSEL with 27.83, MTL with 17.84, SRVI with 16.47, and EFERT with 14.16 points.

In the broader market, the All-Share index closed at 33,871.01 with a net loss of 47.97 points.

Total market volume was 321.404 million shares compared to 364.071 from the previous session while traded value was recorded at Rs11.09 billion showing a decrease of Rs4.84bn.

There were 152,644 trades reported in 339 companies with 143 closing up, 168 closing down and 28 remaining unchanged.

To note, the KSE-100 has gained 9,575 points or 23.1% during the fiscal year, whereas the ongoing calendar year has witnessed a cumulative increase of 10,607 points, equivalent to 26.24% in the KSE-100.

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