KARACHI, June 10 – The benchmark KSE-100 index closed Monday’s trading session at 73,252.56, showing a decrease of 501.46 points or 0.68%. Investors remained cautious ahead of the monetary policy meeting scheduled for later today, which is expected to offer more clarity to the market. The central bank is widely anticipated to begin an easing cycle after nearly four years, given the easing inflationary pressures and ongoing concerns over low economic growth.
During the session, the KSE-100 index traded within a range of 934.10 points, hitting an intraday high of 73,915.45 (+161.43) and a low of 72,981.35 (-772.67). The total volume for the KSE-100 index was 89.52 million shares. Out of the 100 index companies, 34 closed up, 60 closed down, and 6 remained unchanged.
Sector Performance
The sectors that dragged the index lower included:
- Oil & Gas Exploration Companies: -148.36 points
- Commercial Banks: -141.61 points
- Power Generation & Distribution: -97.92 points
- Fertilizer: -97.83 points
- Cement: -34.93 points
Conversely, sectors that supported the index included:
- Leather & Tanneries: +17.98 points
- Automobile Assembler: +9.44 points
- Oil & Gas Marketing Companies: +8.06 points
- Insurance: +7.68 points
- Automobile Parts & Accessories: +4.31 points
Top Movers
Companies dragging the index lower:
- HUBC: -77.72 points
- FFC: -55.9 points
- OGDC: -52.56 points
- MEBL: -47.6 points
- PPL: -42.52 points
Companies boosting the index:
- SRVI: +17.98 points
- SYS: +12.57 points
- PSO: +10.35 points
- NATF: +9.48 points
- AICL: +7.68 points
Broader Market Performance
In the broader market, the All-Share index closed at 47,153.84, with a net loss of 311.10 points. The total market volume was 350.72 million shares compared to 352.74 million in the previous session, while the traded value was recorded at Rs10.18 billion, showing a decrease of Rs2.14 billion. There were 161,193 trades reported across 433 companies, with 133 closing up, 240 closing down, and 60 remaining unchanged.
Top Ten by Volume
- PASL: 57,418,499 shares
- AMTEX: 33,746,280 shares
- WTL: 31,276,558 shares
- KEL: 14,096,372 shares
- FCCL: 13,723,732 shares
- HIRAT: 13,274,153 shares
- FCSC: 8,729,900 shares
- DGKC: 8,437,492 shares
- DSIL: 7,415,829 shares
- FCL: 7,086,191 shares
Market Performance Overview
Despite Monday’s decline, the KSE-100 has gained 31,800 points or 76.71% during the fiscal year. The ongoing calendar year has witnessed a cumulative increase of 10,802 points, equivalent to 17.3%. As the market anticipates the outcomes of the SBP’s monetary policy meeting, investor sentiment remains cautious, balancing between potential easing measures and underlying economic growth concerns.
