The Pakistan Stock Exchange (PSX) witnessed a uptick today, ending its four-day losing streak. After being back and forth the bulls took charge, propelling the benchmark KSE-100 index to a closing figure of 61,979.18 points, an increase of 137.44 points or 0.22%.
INTRADAY HIGHS AND LOWS
The index exhibited positive momentum throughout the session, reaching an intraday high of 62,600.12 points (+758.38) and a low of 61,896.01 points (-54.26).
TRADING VOLUME: A SNAPSHOT
The total trading volume of the KSE-100 index stood at a robust 153.558 million shares, reflecting the market’s dynamic nature.
THE BROADER PICTURE: JANUARY 2024’S PERFORMANCE
MONTHLY OVERVIEW
As January 2024 draws to a close, it’s important to acknowledge the benchmark index’s loss of 471.86 points (0.76%), marking a challenging start to the year.
INDEX COMPOSITION DYNAMICS
Among the 100 index companies, 53 closed higher, 36 saw a decline, 4 remained unchanged, while 7 did not trade.
SECTOR-WISE CONTRIBUTIONS
The index’s upward movement was primarily supported by gains in Commercial Banks (+107.58 points), Fertilizer (+60.34 points), Automobile Assembler (+15.25 points), Technology & Communication (+11.58 points), and Cable & Electrical Goods (+11.05 points). In contrast, sectors like Chemical, Engineering, Leather & Tanneries, Cement, and Synthetic & Rayon pulled the index down.
KEY PERFORMERS AND MARKET INFLUENCERS
TOP GAINERS
Leading the pack in adding points to the index were ENGRO (+34.64 points), BAFL (+32.77 points), UBL (+29.45 points), OGDC (+19.60 points), and BOP (+16.79 points).
DRAGGING DOWN THE INDEX
On the flip side, companies like COLG (-29.74 points), MARI (-26.22 points), SRVI (-14.51 points), BAHL (-14.26 points), and KOHC (-11.24 points) exerted downward pressure on the index.
BROADER MARKET OVERVIEW
ALL-SHARE INDEX PERFORMANCE
The All-Share index closed at 41,892.68, marking a net loss of 16.44 points.
MARKET VOLUME AND VALUE
The total market volume was recorded at 276.465 million shares, a decrease from the previous session’s 436.120 million. The traded value stood at Rs9.27 billion, showing a decline from the previous session.
TOP TEN BY VOLUME
The most traded shares for today’s session included KEL, BOP, HASCOL, WTL, SNBL, PIAA, CNERGY, KOSM, PIBTL, and AIRLINK.
FISCAL AND CALENDAR YEAR REVIEW
FISCAL YEAR GAINS
The KSE-100 has shown remarkable growth during the fiscal year, gaining 20,526 points or 49.52%.
CALENDAR YEAR PERFORMANCE
However, the ongoing calendar year has witnessed a cumulative decrease of 472 points, equivalent to a 0.76% drop, highlighting the market’s volatility and the need for careful analysis by investors and market watchers alike.
