On Wednesday, Pakistan’s benchmark KSE-100 Index ended the trading session with a gain of 130.86 points, closing at 93,355.42. Despite volatile intraday movements with a high of 93,803.58 and a low of 92,943.07, the market ended the day up 0.14%. The trading volume of the KSE-100 Index amounted to 295.67 million shares.
Market Movers: Top Gainers and Losers
Top gainers included GHGL (+10.02%), SEARL (+9.97%), MARI (+7.07%), PKGS (+5.73%), and KOSM (+4.78%). Conversely, the day’s top losers were MEHT (-8.33%), FCEPL (-6.22%), NCPL (-6.13%), BNWM (-3.89%), and NPL(-3.70%).
Index Contributions and Sectoral Performance
Significant contributions to the index came from MARI (+235.63 points), LUCK (+81.99 points), SEARL (+64.97 points), DAWH (+50.25 points), and ENGRO (+43.17 points). On the other hand, key detractors included OGDC(-96.44 points), FFC (-74.29 points), MEBL (-42.08 points), BAHL (-40.29 points), and MEHT (-33.39 points).
In sectoral terms, the index was supported primarily by Oil & Gas Exploration Companies (+150.54 points), Cement(+91.44 points), and Pharmaceuticals (+78.60 points). Commercial Banks (-99.67 points), Power Generation & Distribution (-64.20 points), and Automobile Assembler (-36.30 points) weighed on the index.
Broader Market Overview
In the broader market, the All-Share Index posted a gain of 101.34 points or 0.17%, closing at 59,809.51. Total market volume increased slightly, reaching 807.07 million shares with a traded value of Rs31.69 billion, up Rs0.90 billion from the previous session. The market saw 354,945 trades across 449 companies, with 195 advancing, 191 declining, and 63 remaining unchanged.
Top 10 Stocks by Volume
The highest trading volumes were recorded in WTL (43.29 million shares), WAVESAPP (33.20 million shares, up 11.41%), and PRL (31.52 million shares). Other active stocks included KEL, PAEL, SSGC, SEARL, PIBTL, SLGL, and GGL.
KSE-100 Yearly Performance
The KSE-100 Index has gained 14,910 points or 19.01% in the fiscal year and surged by 30,904 points or 49.49% so far in the calendar year, indicating robust investor confidence and capital inflows into the equity market.
Outlook
While the index managed to close in positive territory, its mixed sectoral performance suggests investor caution amid ongoing global economic shifts. In the near term, the KSE-100 Index will likely be influenced by macroeconomic indicators and sectoral earnings, with particular attention on sectors like Oil & Gas and Pharmaceuticals, which have shown resilient growth.
PAKISTAN MARKETS
In Wednesday’s interbank session, the Pakistani Rupee (PKR) gained 7.65 paisa (0.03%) against the US Dollar (USD), closing at PKR 277.85 per USD, a slight improvement from the previous day’s close of 277.93. Throughout the trading day, the PKR saw a high bid of 278.00 and a low ask of 277.90. In the open market, the USD was quoted at PKR 276.94 for buying and 278.83 for selling.
After a three-day slide to its lowest level since September 20, gold prices rebounded on Wednesday. The Karachi Sarafa Association reported that 24-karat gold rose by Rs1,400 to Rs271,900 per tola, and the price per 10-gram for 24-karat gold rose by Rs1,200 to Rs233,111. Globally, spot gold edged up by $11.1, or 0.43%, reaching $2,610 an ounce, temporarily reversing a downward trend.
