The Pakistan Stock Market’s (PSX) KSE100 index turned its head towards upward trajectory for a weekly close. Bulls took control of KSE-100 index by the end of today’s session after a raging battle between the bulls and the bears. Investors seem to be on the back-foot eying at the General Elections of Pakistan scheduled next week. The index gained (137.44) points in the previous session.
Moreover, according to the most recent data released by the Pakistan Bureau of Statistics (PBS) on Thursday, the consumer price index (CPI) for the month of January 2024 was 28.34% YoY, down from 29.7% YoY in the previous month and 27.55% YoY in January 2023.
KSE100
The Benchmark KSE100 Index closed the session GREEN with index posting an intraday high of 501.05 (0.81%) points and an intraday low of -214.48 (-0.35%) points.
Companies contributing positively to the KSE100 index included OGDC, MARI and MEBL. The volume leaders included KEL(-1.83%), SNBL(+6.83%), PRL(+4.87%). The scrips traded 33.95 million, 28.00 million and 26.11 million shares respectively.
MARKET FRONT
CFDs on Brent Crude oil posted an intraday high of $81.31 and intraday low of $80.18. Oil is currently trading at $81.20 (3:29pm Thursday, 01 February 2024 (GMT+5) Time in Pakistan).
CFDs on WTI Crude Oil posted an intraday high of $76.62 and intraday low of $75.48. Oil is currently trading at $76.39 (3:29pm Thursday, 01 February 2024 (GMT+5) Time in Pakistan).
Thursday brought a wave of positivity for gold traders and investors in Pakistan as the price of 24-karat gold saw a notable increase of Rs800 per tola, reaching a new level of Rs216,300.
