The benchmark KSE-100 index concluded Tuesday’s trading session with minimal movement, exhibiting a marginal decline of 3.04 points to settle at 72,761.20. Previously!
Throughout the trading day, the index traded within a range of 552.13 points, reaching an intraday high of 73,260.09 (+495.85) and a low of 72,707.96 (-56.28) points.
The total volume of the KSE-100 index stood at 269.93 million shares, reflecting moderate trading activity.
Of the 100 index companies, 45 closed higher, 52 closed lower, while 3 remained unchanged.
MARKET ANALYSIS: KSE-100 INDEX PERFORMANCE
In Tuesday’s trading session, the KSE-100 index witnessed a marginal decline, largely influenced by specific company performances within various sectors.
The performance of the KSE-100 index was primarily influenced by sectoral movements. Notably, it was weighed down by declines in Oil & Gas Exploration Companies, Fertilizer, Cement, Textile Composite, and Oil & Gas Marketing Companies.
Conversely, the index found support from sectors such as Inv. Banks / Inv. Cos. / Securities Cos., Power Generation & Distribution, Pharmaceuticals, Cable & Electrical Goods, and Leather & Tanneries.
Despite the marginal drop in the index, the overall market sentiment remained stable, with sectors experiencing mixed movements. Investors closely monitored sectoral performances and individual stock movements to make informed trading decisions.
Companies Contributing to Index Decline:
- PPL (-67.58pts)
- EFERT (-45.92pts)
- OGDC (-43.58pts)
- MEBL (-41.61pts)
- MARI (-30.64pts)
These companies dragged the index lower, primarily due to their individual stock performances impacting sectoral indices negatively.
Companies Contributing to Index Gain:
- DAWH (+130.66pts)
- HUBC (+66.95pts)
- KAPCO (+33.14pts)
- HINOON (+31.09pts)
- PAEL (+24.02pts)
These companies contributed positively to the index, with their stock performances leading to gains in their respective sectors.
Broader Market Performance: The All-Share index closed at 47,235.68, experiencing a net loss of 115.47 points. This broader market indicator reflects the overall sentiment in the market, encompassing a wider range of listed companies.
Market Activity:
- Total market volume stood at 621.83 million shares, indicating increased trading activity compared to the previous session.
- Traded value was recorded at Rs24.97 billion, representing a notable increase.
- A total of 274,929 trades were reported in 375 companies, with 200 closing up, 152 closing down, and 23 remaining unchanged.
Top Ten Companies by Volume:
- PAEL
- FFL
- WTL
- HUMNL
- KEL
- FCCL
- AGL
- PRL
- TREET
- PIAA
These companies were among the most actively traded stocks in terms of volume during the trading session.
Year-to-Date Performance: The KSE-100 index has demonstrated significant gains, reflecting a robust performance during the fiscal year and the ongoing calendar year. This upward trajectory indicates positive market sentiment and investor confidence in the Pakistani equity market.
