The benchmark KSE-100 index concluded Thursday’s trading session at 72,658.05, marking a modest increase of 56.24 points or 0.08%. Throughout the session, the index traversed a range of 564.44 points, reaching an intraday high of 72,889.78 and a low of 72,325.35 points. The total volume of shares traded on the KSE-100 index amounted to 235.2 million.

Among the 100 index companies, 59 closed higher, 36 closed lower, while 4 remained unchanged, with 1 stock remaining untraded.

The performance of the KSE-100 index was bolstered by gains in the Technology & Communication sector, contributing 103.82 points, followed by the Pharmaceuticals sector with 84.63 points. Additionally, the Cement sector added 57.99 points, while the Leather & Tanneries and Cable & Electrical Goods sectors contributed 39.87 points and 25.20 points, respectively.

Conversely, the index was weighed down by declines in the Fertilizer sector, resulting in a deduction of 185.55 points. The Power Generation & Distribution sector followed suit with a decrease of 47.35 points, while the Commercial Banks sector detracted 35.54 points. Furthermore, the Miscellaneous sector saw a decline of 22.34 points, while the Inv. Banks / Inv. Cos. / Securities Cos. sector subtracted 10.49 points from the index’s performance.

KEY CONTRIBUTORS AND MOVERS IN KSE-100 INDEX

In Thursday’s trading session, several companies played significant roles in either bolstering or weighing down the KSE-100 index:

Top Contributors to Index Gains:

  1. TRG: Contributed 49.82 points
  2. SRVI: Contributed 39.87 points
  3. SYS: Contributed 37.88 points
  4. SEARL: Contributed 30.84 points
  5. DGKC: Contributed 28.1 points

Top Detractors from Index Losses:

  1. FFC: Deducted 68.82 points
  2. HUBC: Deducted 61.31 points
  3. ENGRO: Deducted 58.33 points
  4. EFERT: Deducted 49.35 points
  5. BAHL: Deducted 43.58 points

In the broader market, the All-Share index closed at 47,272.22, registering a net gain of 169.84 points. Total market volume amounted to 674.98 million shares, a decrease from the previous session, while the traded value stood at Rs24.05 billion, reflecting a marginal increase.

A total of 266,284 trades were reported across 375 companies. Of these, 218 companies recorded gains, 125 ended in losses, while 32 remained unchanged.

Top Ten Companies by Volume:

  1. WTL: 175,149,131 shares
  2. PAEL: 40,246,675 shares
  3. KEL: 31,255,935 shares
  4. SEARL: 27,648,764 shares
  5. CPHL: 16,321,638 shares
  6. TREET: 14,322,179 shares
  7. TELE: 14,004,075 shares
  8. FCCL: 11,603,137 shares
  9. AGL: 11,156,910 shares
  10. SLGL: 11,093,008 shares

It’s noteworthy that the KSE-100 index has exhibited significant gains throughout the fiscal year, surging by 31,205 points or 75.28%. Additionally, the ongoing calendar year has witnessed a cumulative increase of 10,207 points, equivalent to 16.34%, underscoring the market’s robust performance and investor optimism.

ALI

ALI

Experienced Senior Research Analyst

SIKANDER RAZA

SIKANDER RAZA

Sikander Raza, a Senior Technical Analyst

HAMZA SALEEM

HAMZA SALEEM

Hamza Saleem, a Senior Business Analyst

IRSA

IRSA

Irsa Sajjad, as a Research Analyst for Equities

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