The KSE-100 Index ended Tuesday’s trading session on a positive note, closing at 85,840.34 points, marking a gain of 578.96 points or 0.68%. The index experienced significant volatility, trading within a range of 1,037.78 points, hitting an intraday high of 85,893.99 (+632.61) and a low of 84,856.21 (-405.17).
The total volume of shares traded on the KSE-100 Index was 251.62 million, with a market-wide increase in sentiment as 53 companies closed up, 44 closed down, and 3 remained unchanged.
Top Gainers and Losers
The top-performing stocks during the session were:
- Kohinoor Spinning Mills (KOSM): +10.64%
- Attock Refinery Limited (ATRL): +10.00%
- Pakistan Gold Leaf Cigarettes (PGLC): +9.75%
- International Industries Limited (INIL): +6.80%
- Honda Atlas Cars Pakistan (HCAR): +5.35%
On the other hand, the top losers were:
- Nishat Power Limited (NPL): -10.00%
- Packages Limited (PKGS): -4.27%
- Premier Oil Mills (POML): -3.87%
- Javedan Corporation (JVDC): -2.89%
- Atlas Honda Limited (ATLH): -2.89%
Key Contributors to the Index
The companies contributing the most points to the index were:
- Mari Petroleum (MARI): +153.91 points
- Engro Fertilizers (EFERT): +110.81 points
- Oil & Gas Development Company (OGDC): +68.19 points
- Attock Refinery Limited (ATRL): +47.15 points
- Fauji Fertilizer Company (FFC): +45.41 points
Conversely, the main laggards pulling the index down were:
- Engro Corporation (ENGRO): -28.36 points
- Pakistan State Oil (PSO): -23.28 points
- Packages Limited (PKGS): -17.28 points
- Dawood Hercules (DAWH): -14.72 points
- National Bank of Pakistan (NBP): -14.07 points
Sector-Wise Performance
Sectoral performance saw notable gains in:
- Oil & Gas Exploration: +264.47 points
- Fertilizer: +135.30 points
- Commercial Banks: +112.18 points
- Refinery: +41.24 points
- Technology & Communication: +27.66 points
However, the following sectors dragged the index:
- Paper, Board & Packaging: -17.28 points
- Oil & Gas Marketing: -15.17 points
- Investment Banks / Securities: -15.03 points
- Pharmaceuticals: -10.40 points
- Cement: -9.72 points
Broader Market Overview
In the broader market, the All-Share Index also recorded gains, closing at 54,941.66, up by 366.33 points or 0.67%. The market traded a total volume of 422.11 million shares, slightly lower than the 477.64 million shares traded in the previous session, with a total traded value of Rs24.47 billion, reflecting an increase of Rs0.99 billion.
A total of 266,163 trades were executed across 442 companies, with 202 stocks closing up, 173 down, and 67 unchanged.
Market Sentiment and Notable Updates
- Pakistan Telecommunication Company Limited (PTC) reported a net loss of Rs137.08 million in the third quarter of 2024, compared to a profit of Rs660 million in the same period last year.
- KSE-100 has gained 7,395 points or 9.43% during the current fiscal year and posted a robust 23,389-point increase or 37.45% for the ongoing calendar year.
The session reflected a blend of optimism, with key sectors like Oil & Gas Exploration and Fertilizer driving the market upwards, while challenges in sectors like Pharmaceuticals and Cement limited broader gains.
Top Ten Stocks by Volume on KSE-100
Here are the top ten stocks by volume traded on the KSE-100 Index during the latest trading session:
- Pakistan Telecommunication Company Limited (PTC) recorded a price of fifteen point seventy-three Pakistani rupees, showing an increase of two point thirty-four percent, with a volume of thirty-seven million eight hundred sixty-eight thousand three hundred sixty-seven shares traded.
- Hub Power Company Limited (HUBC) closed at ninety-eight point eighty-three Pakistani rupees, rising by zero point fifty-three percent, with a total volume of thirty-three million two hundred eighty-four thousand six hundred twenty-five shares.
- Kohinoor Spinning Mills (KOSM) saw its price rise to seven point fifty-nine Pakistani rupees, reflecting the highest percentage gain of ten point sixty-four percent, with twenty-two million four hundred fifty-eight thousand one hundred thirty-eight shares traded.
- Pakistan International Airlines Corporation Limited (PIAHCLA) closed at twenty point forty-seven Pakistani rupees, up by five point ninety-five percent, with thirteen million seven hundred sixty-three thousand eight hundred sixty-four shares exchanged.
- Nishat Power Limited (NPL) dropped to twenty-four point eleven Pakistani rupees, down by ten percent, with a trading volume of thirteen million one hundred six thousand seventy-six shares.
- Pakistan Refinery Limited (PRL) had a price of twenty-five point twelve Pakistani rupees, reflecting a decrease of zero point seventy-one percent, with eleven million two hundred twenty thousand one hundred eighty-seven shares traded.
- Pak Oman Investment Company Limited (PIBTL) closed at six point fifty-three Pakistani rupees, declining by two point twenty-five percent, with ten million seven hundred one thousand five hundred thirty-nine shares exchanged.
- Engro Fertilizers Limited (EFERT) ended at one hundred ninety-six point eighty Pakistani rupees, increasing by three percent, with nine million four hundred seventy-six thousand five hundred fifty-seven shares traded.
- Worldcall Telecom Limited (WTL) remained stable at one point twenty-one Pakistani rupees, with a volume of nine million two hundred ninety-eight thousand sixty-six shares traded.
- Silkbank Limited (SLGL) closed at sixteen point sixteen Pakistani rupees, up by six point eleven percent, with eight million one hundred sixty-three thousand four hundred eleven shares exchanged.
Summary
- Pakistan Telecommunication Company Limited (PTC) led the trading volume with over thirty-seven million eight hundred sixty-eight thousand shares traded, reflecting an increase of two point thirty-four percent in its price.
- Kohinoor Spinning Mills (KOSM) achieved the highest percentage gain of ten point sixty-four percent, despite lower overall trading volume compared to PTC.
- Nishat Power Limited (NPL) recorded the largest decline in percentage change, dropping ten percent on a trading volume of thirteen million one hundred six thousand seventy-six shares.
This data indicates strong trading activity, particularly in PTC and KOSM, suggesting potential investor interest or market developments affecting these stocks.
PAKISTAN MARKETS SUMMARY
The Pakistani rupee (PKR) experienced a slight depreciation of eight point seventeen paisa, or zero point zero three percent, against the US dollar during Tuesday’s interbank session. It settled at two hundred seventy-seven point seventy-four PKR per USD, down from the previous closing of two hundred seventy-seven point sixty-six PKR. Throughout the day, the rupee exhibited volatility, reaching an intraday high bid of two hundred seventy-seven point eighty-five PKR and a low ask of two hundred seventy-seven point seventy-five PKR.
In the precious metals market, the price of 24-karat gold per tola decreased by seven hundred Pakistani rupees on Tuesday, selling at two hundred seventy-five thousand PKR, compared to the previous day’s price of two hundred seventy-five thousand seven hundred PKR, according to the All Sindh Sarafa Jewellers Association. The price for ten grams of 24-karat gold also fell by six hundred PKR, settling at two hundred thirty-five thousand seven hundred sixty-eight PKR, down from two hundred thirty-six thousand three hundred sixty-eight PKR. Similarly, the price of ten grams of 22-karat gold dropped to two hundred sixteen thousand one hundred twenty-one PKR from two hundred sixteen thousand six hundred seventy-one PKR.
From a technical standpoint, gold prices are encountering resistance in the range of two thousand six hundred sixty-six to two thousand six hundred sixty-seven dollars. If this resistance level is breached, prices could potentially rise towards the all-time high range of two thousand six hundred eighty-five to two thousand six hundred eighty-six dollars. However, immediate support is identified near the two thousand six hundred thirty dollar mark. A failure to maintain this support could result in a further decline, possibly driving prices down to the range of two thousand five hundred sixty to two thousand five hundred thirty-five dollars.
