PSX Closing Bell: The Heat Got To Them
MG News | July 22, 2024 at 04:23 PM GMT+05:00
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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| Name | Price/Vol | %Chg/NChg |
|---|---|---|
| KSE100 | 148,743.32 232.74M | 1.29% 1900.34 |
| ALLSHR | 89,074.97 432.50M | 1.26% 1107.38 |
| KSE30 | 45,031.60 99.89M | 1.35% 600.19 |
| KMI30 | 216,075.56 75.58M | 1.56% 3321.53 |
| KMIALLSHR | 58,342.49 204.46M | 1.47% 844.48 |
| BKTi | 40,694.56 42.04M | 1.52% 608.89 |
| OGTi | 31,278.90 11.43M | 2.01% 615.13 |
| Symbol | Bid/Ask | High/Low |
|---|
| Name | Last | High/Low | Chg/%Chg |
|---|---|---|---|
| BITCOIN FUTURES | 67,180.00 | 68,755.00 66,125.00 | 505.00 0.76% |
| BRENT CRUDE | 107.90 | 109.99 104.72 | 0.51 0.47% |
| RICHARDS BAY COAL MONTHLY | 112.50 | 0.00 0.00 | 0.95 0.85% |
| ROTTERDAM COAL MONTHLY | 119.00 | 119.50 118.75 | -2.90 -2.38% |
| USD RBD PALM OLEIN | 1,175.00 | 1,175.00 1,175.00 | 0.00 0.00% |
| CRUDE OIL - WTI | 104.53 | 106.86 100.83 | 1.65 1.60% |
| SUGAR #11 WORLD | 15.58 | 15.59 15.12 | 0.03 0.19% |
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