Bulls kicked off today’s trading session with a buying spree, driving the KSE-100 index above the 80,000 mark until selling pressure emerged, erasing nearly all gains. The benchmark index concluded Friday’s session at 78,810.49, showing a marginal increase of 8.96 points or 0.01%.
The KSE-100 index traded within a range of 1,890.85 points, hitting an intraday high of 80,059.87 (+1258.34) and a low of 78,169.03 (-632.51). The total volume of shares traded on the KSE-100 was 207.38 million.
Out of the 100 index companies, 38 closed up, 58 closed down, and 4 remained unchanged. The index was bolstered by sectors such as Power Generation & Distribution (371.28 points), Tobacco (30.27 points), Chemical (28 points), Synthetic & Rayon (15.4 points), and Refinery (10.81 points). Conversely, it was dragged down by sectors like Cement (181.84 points), Oil & Gas Exploration Companies (61.7 points), Fertilizer (60.17 points), Technology & Communication (59.18 points), and Investment Banks/Securities Companies (25.09 points).
Top Contributors to the Index
Positive contributors to the KSE-100 index included:
- HUBC: 384 points
- UBL: 85.11 points
- HBL: 69.67 points
- FFC: 60.58 points
- PAKT: 30.27 points
Companies that negatively impacted the index were:
- MEBL: -117.03 points
- LUCK: -94.1 points
- EFERT: -78.61 points
- ENGRO: -57.14 points
- SYS: -50.74 points
Broader Market Performance
The All-Share index closed at 49,817.95, marking a net loss of 57.76 points. Total market volume increased to 471.34 million shares from 452.64 million in the previous session, with a traded value of Rs20.48 billion, down by Rs211.25 million. There were 221,641 trades reported across 436 companies, with 137 closing up, 237 closing down, and 62 remaining unchanged.
Top Ten by Volume
- WTL: 43,051,185 shares
- HUMNL: 41,927,227 shares
- PASL: 37,352,634 shares
- SILK: 18,119,926 shares
- HUBC: 17,948,664 shares
- HBL: 12,901,998 shares
- KEL: 12,815,673 shares
- CNERGY: 11,705,874 shares
- AIRLINK: 11,574,626 shares
- PRL: 10,551,490 shares
Notable Development
Among the volume leaders, HUBCO announced a significant development as its subsidiary plans to enter the electric vehicle market in partnership with BYD Auto Industry Company Limited in Pakistan.
Year-to-Date Performance
The KSE-100 has gained 37,358 points or 90.12% during the fiscal year. The ongoing calendar year has seen a cumulative increase of 16,359 points, equivalent to a 26.2% rise.
