KSE-100 INDEX GAINS 671 POINTS

The KSE-100 Index concluded Tuesday’s trading session on a positive note, rising by 671.73 points (0.85%) to close at 79,286.73 in anticipation of rate cut by Pakistan’s Central Bank. The market maintained an upward trajectory throughout the session, reaching an intraday high of 79,335.59(+720.59 points) and a low of 78,642.86 (+27.86 points).

MARKET PERFORMANCE AND VOLUME

The total volume of shares traded on the KSE-100 Index was 121.34 million, with 62 companies closing higher, 32 closing lower, 5 unchanged, and 1 untraded.

FFC DISCLOSES ACQUISITION OF AGRITECH LIMITED SHARES

TOP GAINERS AND LOSERS

Top Gainers:

1. BNWM: +8.09%
2. BAFL: +5.46%
3. FATIMA: +4.10%
4. YOUW: +4.08%
5. SRVI: +3.96%

Top Losers:

1. KTML: -3.87%
2. BIPL: -2.48%
3. FFC: -2.07%
4. SHFA: -2.01%
5. PKGS: -1.95%

INDEX POINT CONTRIBUTORS

PSX DIVIDEND, BONUS, AND RIGHTS ANNOUNCEMENTS

Positive Contributors:

1. EFERT: +95.40 points
2. UBL: +77.59 points
3. BAFL: +71.85 points
4. LUCK: +63.68 points
5. HBL: +58.65 points

Negative Contributors:

1. FFC: -85.68 points
2. HUBC: -19.70 points
3. COLG: -8.43 points
4. PKGS: -7.58 points
5. ABL: -6.22 points

SECTOR PERFORMANCE

Sectors Supporting the Index:

1. Commercial Banks: +303.18 points
2. Cement: +119.35 points
3. Fertilizer: +44.78 points
4. Oil & Gas Exploration Companies: +39.58 points
5. Automobile Assembler: +30.12 points

Sectors Dragging the Index:

1. Power Generation & Distribution: -17.91 points
2. Paper, Board & Packaging: -7.58 points
3. Chemical: -4.82 points
4. Refinery: -4.64 points
5. Close-End Mutual Fund: -0.17 points

BROADER MARKET OVERVIEW

The broader All-Share Index closed at 51,041.88, gaining 350.70 points (0.69%). Total market volume stood at 509.49 million shares, with a traded value of Rs13.76 billion, an increase of Rs3.64 billion from the previous session. A total of 436 companies were traded, with 202 closing higher, 170 closing lower, and 64 unchanged.

TOP TEN BY VOLUME

Here are the top ten companies by trading volume:

1. WorldCall Telecom (WTL) traded 117.01 million shares, with its price increasing by 4.11% to close at PKR 1.52.
2. Kosmopolitan Investments (KOSM) had a trading volume of 57.12 million shares, gaining 4.47% and closing at PKR 10.06.
3. Azgard Nine Limited (AGL) saw 18.16 million shares traded, with a price increase of 10.00% to end at PKR 35.31.
4. Pace Pakistan Limited (PACE) traded 17.72 million shares, with a 1.25% gain, closing at PKR 6.46.
5. Siddiqsons Tin Plate Limited (SLGL) had a volume of 14.85 million shares, rising 9.98% to close at PKR 18.41.
6. Symmetry Group (SYM) traded 12.65 million shares, increasing by 2.16%, and closing at PKR 10.41.
7. Fauji Cement Company Limited (FCCL) saw 11.20 million shares traded, gaining 3.03% to close at PKR 23.50.
8. Dewan Farooque Motors Limited (DFML) traded 9.42 million shares, increasing by 2.18% and closing at PKR 52.51.
9. Yousuf Weaving Mills Limited (YOUW) had 8.81 million shares traded, gaining 4.08% to close at PKR 5.10.
10. Maple Leaf Cement Factory Limited (MLCF) traded 8.79 million shares, with a 2.39% increase to close at PKR 34.29.

These companies were the most actively traded on the Pakistan Stock Market by volume.

YEAR-TO-DATE PERFORMANCE

The KSE-100 Index has gained 842 points (1.07%) during the fiscal year. For the current calendar year, the index has surged by 16,836 points (26.96%).

Gold Prices in Pakistan Surge

Gold prices in Pakistan experienced a significant rise on Tuesday. The price of 24-karat gold increased by Rs1,300 per tola, reaching a new high of Rs261,700, as reported by the Karachi Sarafa Association.

Pakistani Rupee Appreciates Against US Dollar

The Pakistani Rupee (PKR) appreciated by 8.05 paisa, or 0.03%, against the US Dollar in Tuesday’s interbank session. The currency closed at PKR 278.62 per USD.