PSX Closing Bell: The Heat Got To Them

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MG News | July 22, 2024 at 04:23 PM GMT+05:00

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July 22, 2024 (MLN): Pakistan stocks started the week on a bearish note, with index-heavy sectors finishing in the red.

The benchmark KSE-100 Index concluded Monday's trading session at 78,539.18, showing a decrease of 1,578.71 points or 1.97%.

The index remained negative throughout the day showing an intraday high of 80,085.63 (-32.26) and a low of 78,404.76 (-1,713.13) points.

The total volume of the KSE-100 Index was 201.00 million shares.

Of the 100 index companies 13 closed up, while 87 closed down.

Top losers during the day were NCPL (-6.31%), INIL (-5.87%), ABOT (-5.51%), PSEL (-5.43%), and FABL (-5.01%).

On the other hand, top gainers were SNGP (+4.07%), POML (+3.62%), GADT (+1.77%), SHFA (+1.30%), and AVN (+1.19%).

In terms of index-point contributions, companies that dragged the index lower were HUBC (-155.81pts), ENGRO (-96.56pts), FFC (-91.91pts), OGDC (-87.19pts), and PPL (-62.17pts).

Meanwhile, companies that added points to the index were SNGP (+26.20pts), HBL (+13.56pts), AVN (+3.07pts), PAEL (+2.84pts), and ILP (+2.40pts).

Sector-wise, KSE-100 Index was let down by Commercial Banks (-343.59pts), Oil & Gas Exploration Companies (-223.55pts), Fertilizer (-219.09pts), Power Generation & Distribution (-198.76pts), and Cement (-124.62pts).

While the index was supported by Cable & Electrical Goods (+2.84pts), Tobacco (+2.09pts), Real Estate Investment Trust (+1.23pts), Textile Spinning (+0.78pts), and Vanaspati & Allied Industries (+0.39pts).

In the broader market, the All-Share Index closed at 49,867.34 with a net loss of 987.08 points or 1.94%.

Total market volume was 375.60 million shares compared to 479.00m from the previous session while traded value was recorded at Rs19.35 billion showing a decrease of Rs8.50bn.

There were 235,758 trades reported in 445 companies with 80 closing up, 318 closing down, and 47 remaining unchanged.

Top Ten by Volume

Symbol Price Change % Volume
KEL 4.41 -2.65% 33,441,470
PAEL 26.59 0.80% 23,559,106
PIAHCLA 17.02 -8.44% 19,205,471
WTL 1.18 0.00% 18,446,092
SNGP 74.19 4.07% 15,157,427
FFBL 40.94 -0.22% 12,645,914
WAVESAPP 9.2 -8.64% 12,146,695
SILK 1.0 9.89% 9,719,653
AVN 66.21 1.19% 9,628,229
AIRLINK 104.94 0.49% 9,068,357

 

To note, the KSE-100 has gained 94 points or 0.12% during the fiscal year, whereas the ongoing calendar year has witnessed a cumulative increase of 16,088 points, equivalent to 25.76%.

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500.44M
-0.39%
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-0.42%
-417.42
KSE30 50,123.85
153.24M
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-343.31
KMI30 238,530.50
71.49M
-0.36%
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-0.37%
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-229.01
OGTi 31,857.40
12.33M
-1.20%
-387.93
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Name Last High/Low Chg/%Chg
BITCOIN FUTURES 107,220.00 109,470.00
103,745.00
-1225.00
-1.13%
BRENT CRUDE 61.34 61.47
60.14
0.28
0.46%
RICHARDS BAY COAL MONTHLY 80.50 0.00
0.00
-1.00
-1.23%
ROTTERDAM COAL MONTHLY 93.20 93.50
93.20
0.05
0.05%
USD RBD PALM OLEIN 1,085.00 1,085.00
1,085.00
0.00
0.00%
CRUDE OIL - WTI 57.25 57.32
56.15
0.26
0.46%
SUGAR #11 WORLD 15.53 15.88
15.45
-0.27
-1.71%

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