April 02, 2024 (MLN): The Pakistan Stock Exchange (PSX) saw relief after two consecutive drops, as the benchmark KSE-100 index concluded Tuesday's trading session at 66,886.26, showing an increase of 89.94 points or 0.13%.
The index traded in a range of 385.91 points showing an intraday high of 66,959.55 (+163.22) and a low of 66,573.63 (-222.69) points.
The total volume of the KSE-100 index was 94.865 million shares.
It is worth highlighting that PSX's main gauge surged 4,554 points or 7.3% in 1Q2024, marking its fourth consecutive quarterly win. In USD terms, the 100 index gained 8.8%.
The relentless rally, which began last year after the country avoided default with the assistance of International Monetary Fund (IMF), was further boosted by better-than-expected conclusion of general elections, anticipation of interest rate cuts, and fresh inflows from the IMF.
This was further complemented by the government’s efforts to restructure and privatize Pakistan International Airlines Corp (PSX: PIAA).
Advancers to decliners remained equally distributed in today's session, with 41 companies closing up and 48 closing down.
Meanwhile 6 were unchanged and 5 remained untraded.
KSE-100 index was supported by Commercial Banks with 103.12, Inv. Banks / Inv. Cos. / Securities Cos. with 79.46, Technology & Communication with 47.78, Miscellaneous with 26.61, and Automobile Parts & Accessories with 15.3 points.
On the contrary, the index was let down by Oil & Gas Exploration Companies with 49.97, Power Generation & Distribution with 31.34, Tobacco with 18.75, Oil & Gas Marketing Companies with 16.94, and Chemical with 16.17 points.
Companies adding points to the index were DAWH with 80.51, SYS with 59.03, FFC with 25.73, MCB with 23.78, and BAFL with 21.45 points.
Meanwhile, companies that dragged the index lower were HUBC with 28.8, PPL with 22.48, EFERT with 21.34, PAKT with 18.75 and MARI with 18.31 points.
In the broader market, the All-Share index closed at 44,302.86 with a net loss of 66.89 points.
Total market volume was 239.650 million shares compared to 237.991 from the previous session while traded value was recorded at Rs8.94 billion showing an increase of Rs0.61bn.
There were 123,259 trades reported in 336 companies with 157 closing up, 150 closing down and 29 remaining unchanged.
| Company | Volume |
|---|---|
| WTL | 32,343,929 |
| PTC | 27,131,713 |
| PAKRI | 13,127,500 |
| TELE | 9,534,499 |
| FLYNG | 7,382,500 |
| PIAA | 6,596,000 |
| TOMCL | 6,531,000 |
| NBP | 6,022,036 |
| CNERGY | 5,996,107 |
| BOP | 5,487,193 |
To note, the KSE-100 has gained 25,434 points or 61.36% during the fiscal year, whereas the ongoing calendar year has witnessed a cumulative increase of 4,435 points, equivalent to 7.1%.
Copyright Mettis Link News
Posted on: 2024-04-02T14:23:06+05:00
