The trading session on Wednesday witnessed the benchmark KSE-100 index closing at 65,656.62, marking a slight decrease of 69.42 points or 0.11%. The market’s day was characterized by fluctuating fortunes, with the index experiencing a wide range, touching an intraday high of 66,150.95 before descending to a low of 65,603.88.

Pakistan Stock Market Closing Summary – March 6, 2024
IndicatorValue
Closing65,656.62
Change-69.42 (-0.11%)
High66,150.94
Low65,603.88
Volume191,568,333
1-Year Change58.46%
YTD Change1.54%
Previous Close65,726.04
Day Range65,603.88 — 66,150.94
52-Week Range39,482.17 — 67,093.96

 

VOLUME AND MARKET DYNAMICS

The session’s trading volume for the KSE-100 stood at 191.568 million shares, indicating active participation in the market. The performance was a mix of gains and losses across different sectors, showcasing the diverse nature of market movements.

SECTOR-WISE CONTRIBUTIONS

Notably, the Fertilizer and Technology & Communication sectors were among the primary contributors to the index’s decline, alongside Oil & Gas Exploration Companies, Cement, and Chemical sectors. Conversely, support came from sectors such as Food & Personal Care Products, Commercial Banks, and Oil & Gas Marketing Companies, which added positive momentum to the index.

LEADING COMPANIES’ IMPACT

Top performers and laggards of the day included well-known companies such as ENGRO and MARI, pulling the index downwards, while NESTLE and MCB contributed positively, reflecting the individual impact of corporate performance on the broader index movement.

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THE BROADER MARKET PERSPECTIVE

The All-Share index managed to end the day on a positive note, with a modest gain of 30.52 points, illustrating the mixed sentiment prevailing in the market. The day’s trading volume showed a healthy increase, with significant activity in shares like CNERGY and PIAA leading the volume charts.

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LOOKING BACK AND AHEAD

Reflecting on the fiscal year, the KSE-100 has seen an impressive gain of 24,204 points or 58.39%, while the ongoing calendar year also shows a positive trend with an increase of 3,206 points or 5.13%. This performance highlights the market’s resilience and the potential for growth amidst varying sector performances and economic indicators.

KSE100_2024-03-06_16-39-30

ALI

ALI

Experienced Senior Research Analyst

SIKANDER RAZA

SIKANDER RAZA

Sikander Raza, a Senior Technical Analyst

HAMZA SALEEM

HAMZA SALEEM

Hamza Saleem, a Senior Business Analyst

IRSA

IRSA

Irsa Sajjad, as a Research Analyst for Equities

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