KSE-100 INDEX ENDS WEDNESDAY'S SESSION AT 72,601.82

The benchmark KSE-100 index concluded Wednesday’s trading session at 72,601.82, marking a slight decrease of 159.38 points or 0.22%.

Throughout the trading day, the index navigated a range of 720.99 points, witnessing an intraday high of 73,079.18 (+317.98) and a low of 72,358.19 (-403.01) points.

Trading activity remained moderate, with the total volume of the KSE-100 index reaching 254.87 million shares.

Among the 100 index companies, 35 closed higher, 60 closed lower, 4 remained unchanged, while 1 remained untraded.

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The decline in the KSE-100 index was primarily led by the following sectors:

Inv. Banks / Inv. Cos. / Securities Cos. (-95.22pts)
Cement (-67.69pts)
Commercial Banks (-28.06pts)
Food & Personal Care Products (-25.9pts)
Automobile Assemblers (-19.46pts)

Conversely, the index received support from sectors including:

Pharmaceuticals (+42.72pts)
Power Generation & Distribution (+41.72pts)
Leather & Tanneries (+36.94pts)
Oil & Gas Exploration Companies (+16.88pts)
Automobile Parts & Accessories (+13.04pts)

Despite the minor decline in the KSE-100 index, market movements were influenced by sector-specific factors, with pharmaceuticals, power generation & distribution, and leather & tanneries contributing positively to the index’s performance. Conversely, weakness in sectors such as investment banks, cement, and commercial banks exerted downward pressure on the index.

MARKET HIGHLIGHTS: MIXED PERFORMANCE IN KEY INDICES

In Wednesday’s trading session, specific companies exerted notable influence on market movements, contributing to mixed performance across key indices.

KSE-100 Index:

Dragged Lower By: DAWH (-92.17pts), EFERT (-35.05pts), LUCK (-32.27pts), MCB (-28.27pts), and UBL (-22.66pts).
Boosted By: SRVI (+36.94pts), FFC (+35.49pts), KEL (+24.51pts), HINOON (+20.28pts), and OGDC (+16.77pts).

All-Share Index:

The broader market, represented by the All-Share index, closed at 47,102.38, witnessing a net loss of 133.29 points.

Market Activity:

Total market volume stood at 970.33 million shares, marking a notable increase from the previous session’s volume of 621.83 million shares.
Traded value amounted to Rs23.51 billion, indicating a decrease of Rs1.46 billion compared to the previous session.
Across 388 companies, there were 244,358 trades reported, with 149 closing higher, 208 closing lower, and 31 remaining unchanged.

Top Ten by Volume:

WTL led the volume chart with a substantial volume of 407,883,727 shares changing hands, driven by news of its holding company, Global Tech Corporation (GTC), commencing trading on NASDAQ. WTL shares surged approximately 18% compared to the previous close.
Other notable volume leaders included KEL, HUMNL, PAEL, and SLGL.

Market Performance:

During the fiscal year, the KSE-100 index has recorded significant gains, rising by 31,149 points or 75.14%.
Similarly, the ongoing calendar year has seen substantial growth, with the index gaining 10,151 points, equivalent to 16.25%.

The market’s performance reflects a blend of company-specific developments, sectoral dynamics, and broader economic factors, influencing investor sentiment and trading activity.