September 21, 2023 (MLN): The stock market witnessed a bullish trend on Thursday as the announcement of the general election date boosted the investors' confidence, with the benchmark KSE-100 index soaring by 312.55 points or 0.68% to close at 46,202.13 points.
The benchmark finally breached the barrier of 46,000 that it had failed to cross in the previous sessions.
As per the statement by the Election Commission of Pakistan (ECP) issued today, the general elections will be held in the last week of January 2024, ending the political uncertainty that has dampened the investor's confidence for months.
The index traded in a range of 576.36 points showing an intraday high of 46,309.8 (+420.22) and a low of 45,733.44 (-156.14) points.
Total Volume of the KSE100 Index was 74.187 million shares.
Of the 100 index companies 68 closed up, 22 closed down, 6 were unchanged, while 4 remained untraded.
KSE100 index was supported by Commercial Banks with 106.55, Cement with 92.79, Oil & Gas Exploration Companies with 34.46, Fertilizer with 34.23, and Textile Composite with 12.02 points.
Companies adding points to the index were LUCK with 44.85, UBL with 37.17, MCB with 32.68, FFC with 22.21, and MLCF with 17.7 points.
KSE100 Index was let down by Automobile Assembler with 20.33, Chemical with 7.8, Automobile Parts & Accessories with 7.05, Inv. Banks / Inv. Cos. / Securities Cos. with 4.65, and Leather & Tanneries with 0.69 points.
Companies dragging the index lower were MTL with 21.82, COLG with 12.57, UPFL with 10.21, THALL with 7.05 and DAWH with 5.35 points.
In the broader market, the All-Share index closed at 30,853.26 with a net gain of 175.14 points.
Total market volume was 172.159 million shares compared to 129.372 from the previous session while traded value being recorded at 5.35 billion showing an increase of Rs1.71 billion.
There were 89,122 trades reported in 323 companies with 194 closing up, 99 closing down and 30 remaining unchanged.
KSE-100 Historical Performance
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Posted on: 2023-09-21T16:32:56+05:00