KSE-100 settled the day at 64,237.03, registering a (-0.10%) decrease of -66.45 points compared to the previous session’s closing value. Aware of the dynamics of the market, investors are focusing on keeping an eye out for any catalysts that might affect sentiment in the days ahead. The index lost (-227.87) points in the previous session.
As these markets will gain from increased political stability, macroeconomic stabilisation, easing monetary policies, and a robust recovery in earnings, the economic recovery story unfolding in nations like Pakistan may prove to be one of the most advantageous bets for 2024, according to Bloomberg.
KSE100
The Benchmark KSE100 Index closed the session Red with index posting an intraday high of 549.33 (0.86%) points and an intraday low of -358.81 (-0.56%) points. Global oil prices took a jump on Tuesday after witnessing a major drop in the previous session.
The VOLUME and VALUE TRADED (000’s) stood at 253,614,365 and Rs.7,970,154.74 respectively. Index closed at 64,170.58 pts losing -66.45 (-0.10%) points from the index. Sectors contributing negatively to KSE100 index included Technology sector (-39.33pts), Cement sector (-24.27pts) and Oil and Gas Exploration Companies sector (-21.47pts). Companies contributing negatively to the index included SYS(-20.92), PSEL(-20.74), MEBL(-18.93). The volume leaders included KEL(-2.69%), HASCOL(+5.32%), PIAA(+6.50%). The scrips traded 113.94 million, 36.11 million and 19.81 million shares respectively.
MARKET FRONT
CFDs on Brent Crude oil posted an intraday high of $77.74 and intraday low of $75.98. Oil is currently trading at $77.70 (4:49pm Tuesday, 09 January 2024 (GMT+5) Time in Pakistan).
CFDs on WTI Crude Oil posted an intraday high of $72.36 and intraday low of $70.49. Oil is currently trading at $72.35 (4:49pm Tuesday, 09 January 2024 (GMT+5) Time in Pakistan).
