The KSE-100 Index turned its course to a negative daily candle but still above the 60,000 psychological level. Moreover, after seven consecutive gains, today marked the first bearish candle for Pakistan Stock Exchange.
KSE100
The Benchmark KSE100 Index closed the session Red with index posting an intraday high of 825.57 points and an intraday low of 402.09 points. PKR continues to gain strength against the greenback and Oil is retesting MA200 first resistance. Oil has gained over 1 percent at the time of writing.
The volumes decresed from the previous sessions close. Index closed at 60,501.99 pts erasing -228.27 points from the index.
The volumes decreased from 776.309 million shares in the previous session to 690.411 million shares Today. The volume leaders included BOP(+2.77%), CNERGY(+0.64%), PRL(-2.13%). The scrips traded 49.64mn, 35.67mn and 35.31mn shares respectively.
Sectors contributing negatively to KSE100 index included Commercial Banks sector (117.71pts), Power Generation and Distribution sector (39.34pts) and Oil and Gas Exploration Companies sector (36.08pts). Companies contributing negatively to the index included HBL(65.74pts), MEBL(34.92pts), HUBC(34.30pts).
MARKET FRONT
CFDs on Brent Crude oil posted an intraday high of $82.44 and intraday low of $81.34. Oil is currently trading at $82.36 (4:06pm Wednesday, 29 November 2023 (GMT+5) Time in Pakistan).
CFDs on WTI Crude Oil posted an intraday high of $77.47 and intraday low of $76.41. Oil is currently trading at $77.35 (4:06pm Wednesday, 29 November 2023 (GMT+5) Time in Pakistan).
