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).

KSE100 MARKET SUMMARY 2024-01-31 at 6.01.37 PM
KSE100 MARKET SUMMARY 2024-01-31 at 6.01.37 PM

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.

KSE100 TOP PERFORMING SECTORS 2024-01-31 at 6.02.16 PM
KSE100 TOP PERFORMING SECTORS 2024-01-31 at 6.02.16 PM

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).

KSE100 TOP PERFORMING COMPANIES 2024-01-31 at 6.01.55 PM
KSE100 TOP PERFORMING COMPANIES 2024-01-31 at 6.01.55 PM

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.

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