PSX Closing Bell: Wake Me Up When January Ends

January 06, 2025 (MLN): The benchmark KSE-100 Index concluded Monday's trading session at 116,255.12, showing a decrease of 1,331.86 points or 1.13%.

The index traded in a range of 2,793.15 points showing an intraday high of 118,735.09 (+1,148.11) and a low of 115,941.94 (-1,645.04) points.

The total volume of the KSE-100 Index was 369.83 million shares.

While speaking to Mettis Global, Ali Najib, Head of Equity Sales at Insight Securities, said consolidation continues at PSX as the KSE100 index floated in both directions. 

"Deteriorating law & order situation in Baluchistan, Finance Minister comments on State Owned Energy Companies where he highlighted that financials systems in them is not up to the mark and considerable increase in PSO’s receivable (as per media report) put weigh on the market sentiment generally and in oil & gas sector particularly," he added. 

Of the 100 index companies 26 closed up, 71 closed down, while 3 were unchanged.

Top losers during the day were PSX (-10.01%), PGLC (-10.00%), SNGP (-8.57%), PTC (-6.23%), and PAEL (-6.02%).

On the other hand, top gainers were ENGROH (+10.00%), AICL (+10.00%), MUREB (+8.77%), JDWS (+6.29%), and HMB (+3.02%).

In terms of index-point contributions, companies that dragged the index lower were OGDC (-185.47pts), PSO (-159.40pts), FFC (-144.64pts), EFERT (-117.19pts), and SNGP (-92.06pts).

Meanwhile, companies that added points to the index were ENGROH (+245.89pts), HMB (+46.46pts), AICL (+42.16pts), MCB (+38.35pts), and MUREB (+23.55pts).

Sector-wise, KSE-100 Index was let down by Oil & Gas Exploration Companies (-370.35pts), Oil & Gas Marketing Companies (-266.95pts), Fertilizer (-241.63pts), Technology & Communication (-158.88pts), and Commercial Banks (-136.06pts).

While the index was supported by Insurance (+45.65pts), Food & Personal Care Products (+38.01pts), Sugar & Allied Industries (+12.94pts), Property (+8.19pts), and Power Generation & Distribution (+3.21pts).

In the broader market, the All-Share Index closed at 71,973.89 with a net loss of 869.73 points or 1.19%.

Total market volume was 819.81 million shares compared to 935.78m from the previous session while traded value was recorded at Rs38.33 billion showing a decrease of Rs1.29bn.

There were 405,441 trades reported in 456 companies with 111 closing up, 291 closing down, and 54 remaining unchanged.

To note, the KSE-100 has gained 37,810 points or 48.20% during the fiscal year, whereas it has increased 1,128 points or 0.98% so far this calendar year.

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