PSX Closing Bell: Topsy-turvy

March 29, 2024 (MLN): The benchmark KSE-100 index ended Friday's trading session at 67,005.11 showing a decrease of 137.02 points or 0.2%.

The index traded in a range of 485.21 points showing an intraday high of 67,307.63 (+165.51) and a low of 66,822.43 (-319.70) points.

The total volume of the KSE-100 index was 142.211 million shares.

Meanwhile, the index scored a 4,554 points or 7.3% quarterly gain.

Of the 100 index companies 39 closed up, 53 closed down, 4 were unchanged, while 4 remained untraded.

KSE-100 index was let down by Technology & Communication with 48.66, Power Generation & Distribution with 43.54, Oil & Gas Exploration Companies with 36.26, Fertilizer with 31.29, and Cement with 22.24 points.

On the flip-side, the index was supported by Chemical with 24.88, Textile Composite with 18.22, Tobacco with 16.87, Commercial Banks with 14.85, and Paper & Board with 8.44 points.

Companies that dragged the index lower were FFC with 49.63, HUBC with 36.48, BAFL with 34.15, TRG with 23.62 and OGDC with 23.38 points.

On the other hand, companies that added points to the index were ENGRO with 43.76, MCB with 41.73, MEBL with 33.86, ILP with 18.74, and COLG with 17.23 points.

In the broader market, the All-Share index closed at 44,562.88 with a net gain of 92.56 points.

Total market volume was 313.035 million shares compared to 421.118 from the previous session while traded value was recorded at Rs9.90 billion showing a decrease of Rs6.26bn.

There were 139,935 trades reported in 341 companies with 134 closing up, 188 closing down and 19 remaining unchanged.

To note, the KSE-100 has gained 25,552 points or 61.64% during the fiscal year, whereas the ongoing calendar year has witnessed a cumulative increase of 4,554 points, equivalent to 7.29%.

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