KSE-100 TRADES NEGATIVE FOR THE WEEK START - 65,204.68 POINTS

KSE-100 index makes another corrective move. On Monday, at the Pakistan Stock Exchange (PSX), investors began to take profits as the benchmark KSE-100 Index dropped more than 1000 points during the trading session. The index added (+679.84) points in the previous session.

KSE100

The Benchmark KSE100 Index closed the session Red with index posting an intraday high of 456.59 (0.69%) points and an intraday low of -1,065.08 (-1.61%) points. PKR appreciates marginally against the US Dollar and Oil taking resistance from EMA21.

OIL GOING UP? – TECHNICAL ANALYSIS

The VOLUME and VALUE TRADED (000’s) stood at 963,358,411 and Rs.16,276,787.02 respectively. Index closed at 65,204.68 pts losing -925.35 points from the index. Sectors contributing negatively to KSE100 index included Commercial Banks sector (-295.27pts), Oil and Gas Exploration Companies sector (-150.98pts) and Fertilisers sector (-123.57pts). Companies contributing negatively to the index included PPL(-75.50pts), MEBL(-58.60pts), OGDC(-53.88pts). The volume leaders included WTL(+4.06%), KEL(+9.35%), CNERGY(+2.53%). The scrips traded 444.14mn, 392.74mn and 205.41mn shares respectively.

MARKET FRONT

CFDs on Brent Crude oil posted an intraday high of $77.40 and intraday low of $75.79. Oil is currently trading at $76.98 (4:22pm Monday, 18 December 2023 (GMT+5) Time in Pakistan).