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.
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.
