Weekly Market Roundup

September 01, 2024 (MLN): The benchmark KSE-100 Index closed this week at 78,488 showing a decrease of 313 points or 0.4% in both PKR and USD terms.

Throughout the week, KSE-100 traded in a range of 1,170 points, between a high of 79,160 (+359) and a low of 77,990 (-811) points.

PSX average traded volume was recorded at 604.1 million shares worth Rs18.78 billion, marking an increase of 4.5% WoW in the number of shares and 20.5% WoW in traded value.

Meanwhile, the PSX market capitalization decreased by $100.5m or 0.3% to $37.64bn over the week. In PKR terms, market capitalization stood at Rs10.49 trillion.

Top Index Movers

Sector-wise, the largest drags on the index were Commercial Banks (-369pts), Cement (-138pts), Pharmaceuticals (-96pts), Technology & Communication (-66pts), and Leather & Tanneries (-63pts).

Contrary to that, the positive contributions came from Power Generation & Distribution (+176pts), Fertilizer (+106pts), Chemical (+93pts), Automobile Assembler (+84pts), and Oil & Gas Exploration Companies (+65pts).

The worst-performing stocks during the week were HBL (-162pts), BAHL (-81pts), MEBL (-80pts), UBL (-67pts), and SRVI (-63pts).

Whereas, HUBC, NBP, MARI, COLG, and MTL added 175, 136, 128, 96, and 74 points to the index respectively.

FIPI/LIPI

Foreign investors were net buyers during the week, acquiring $3.72m worth of equities.

Flow-wise, Individuals were the dominant buyers, with a net investment of $5.84m.

They allocated the majority of their capital, $3.23m, to Fertilizer, while divesting from the Commercial Banks sector, amounting to $1.53m in sales.

On the other hand, the leading sellers were Banks / Dfi, with a net sale of $3.85m.

Their most substantial sales activity was in Fertilizer, amounting to $1.54m, while they acquired $2.27m of equities in the All other Sectors.

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