PSX Closing Bell: Voltage Drop
MG News | October 14, 2024 at 04:25 PM GMT+05:00
October 14, 2024 (MLN): Pakistan stocks kicked off the week on a dull note as power sector stocks continued to weigh down sentiment following the government’s decision to terminate power purchase contracts with several Independent Power Producers (IPPs).
Meantime, third-quarter earnings season kicked off today. The index heavyweight Engro Fertilizers (PSX: EFERT) announced a payout of Rs2.5 per share that fell short of analysts' expectations. Its shares sank 3.58% to Rs191.06.
The benchmark KSE-100 Index concluded Monday's trading session at 85,261.38, showing a decrease of 222.02 points or 0.26%.
The index traded in a range of 948.91 points showing an intraday high of 86,105.02 (+621.62) and a low of 85,156.11 (-327.29) points.
The total volume of the KSE-100 Index was 263.52 million shares.
Of the 100 index companies 54 closed up, 44 closed down, 1 was unchanged, while 1 remained untraded.
Top losers during the day were NCPL (-10.01%), NPL (-8.65%), HUBC (-8.04%), MEHT (-6.90%), and BNWM (-4.57%).
On the other hand, top gainers were ATRL (+10.00%), ISL (+9.36%), NRL (+8.82%), ATLH (+8.30%), and PIBTL (+7.74%).
In terms of index-point contributions, companies that dragged the index lower were HUBC (-268.10pts), EFERT (-136.87pts), OGDC (-60.85pts), BAHL (-35.44pts), and ENGRO (-30.99pts).
Meanwhile, companies that added points to the index were FFC (+209.66pts), NBP (+43.46pts), ATRL (+42.81pts), ISL (+29.70pts), and ATLH (+24.85pts).
Sector-wise, KSE-100 Index was let down by Power Generation & Distribution (-293.69pts), Oil & Gas Exploration Companies (-96.99pts), Food & Personal Care Products (-25.94pts), Textile Composite (-22.33pts), and Cement (-19.79pts).
While the index was supported by Refinery (+60.94pts), Fertilizer (+58.69pts), Engineering (+52.11pts), Commercial Banks (+34.93pts), and Real Estate Investment Trust (+18.90pts).
In the broader market, the All-Share Index closed at 54,575.33 with a net loss of 38.12 points or 0.07%.
Total market volume was 477.64 million shares compared to 560.74m from the previous session while traded value was recorded at Rs23.47 billion showing a decrease of Rs2.65bn.
There were 256,386 trades reported in 443 companies with 205 closing up, 180 closing down, and 58 remaining unchanged.
| Symbol | Price | Change % | Volume |
|---|---|---|---|
| WTL | 1.21 | 2.54% | 41,061,425 |
| HUBC | 98.31 | -8.04% | 37,178,277 |
| PRL | 25.3 | 3.94% | 30,172,444 |
| CNERGY | 3.86 | 1.31% | 26,639,031 |
| PIBTL | 6.68 | 7.74% | 24,740,059 |
| PTC | 15.37 | -2.10% | 21,007,202 |
| FCCL | 29.08 | 1.61% | 15,742,751 |
| HUMNL | 14.18 | 4.57% | 14,785,316 |
| KEL | 3.89 | 2.37% | 10,127,799 |
| NCPL | 24.45 | -10.01% | 9,888,039 |
To note, the KSE-100 has gained 6,816 points or 8.69% during the fiscal year, whereas the ongoing calendar year has witnessed a cumulative increase of 22,810 points, equivalent to 36.53%.
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| Name | Price/Vol | %Chg/NChg |
|---|---|---|
| KSE100 | 177,166.52 410.56M | 0.33% 574.76 |
| ALLSHR | 107,641.65 676.88M | 0.48% 519.21 |
| KSE30 | 52,670.80 88.28M | 0.39% 203.40 |
| KMI30 | 251,460.53 103.06M | 0.76% 1891.30 |
| KMIALLSHR | 69,413.38 509.62M | 0.79% 544.65 |
| BKTi | 49,984.79 26.85M | -0.30% -151.57 |
| OGTi | 36,423.05 16.04M | 1.47% 527.97 |
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|---|
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|---|---|---|---|
| BITCOIN FUTURES | 77,540.00 | 78,915.00 76,745.00 | 360.00 0.47% |
| BRENT CRUDE | 93.60 | 94.83 92.74 | -0.18 -0.19% |
| RICHARDS BAY COAL MONTHLY | 110.30 | 110.50 110.30 | 0.05 0.05% |
| ROTTERDAM COAL MONTHLY | 125.25 | 125.25 125.25 | 1.50 1.21% |
| USD RBD PALM OLEIN | 1,175.00 | 1,175.00 1,175.00 | 0.00 0.00% |
| CRUDE OIL - WTI | 86.64 | 87.51 85.80 | -0.19 -0.22% |
| SUGAR #11 WORLD | 17.60 | 17.89 17.16 | 0.08 0.46% |
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