Pakistan’s stock benchmark, the KSE-100 Index, took a breather on Wednesday, declining by 830.51 points or 1.03% to 79,841.55. This marked its biggest fall since June 04. The index had previously hit a record high in the last session.
KSE-100 INDEX TRADING RANGE
The KSE-100 Index traded in a range of 1,130.63 points, showing an intraday high of 80,971.95 (+299.89) and a low of 79,841.32 (-830.74) points. The total volume was 230.91 million shares.
MARKET PERFORMANCE
Out of the 100 index companies:
- 26 closed up
- 71 closed down
- 3 remained unchanged
SECTOR PERFORMANCE
The index was primarily dragged down by:
- Commercial Banks: -260.88 pts
- Oil & Gas Exploration Companies: -101.78 pts
- Power Generation & Distribution: -94.91 pts
- Cement: -91.49 pts
- Fertilizer: -77.66 pts
Conversely, it was supported by:
- Food & Personal Care Products: +32.06 pts
- Technology & Communication: +6.13 pts
- Insurance: +5.48 pts
- Synthetic & Rayon: +3.38 pts
- Sugar & Allied Industries: +1.84 pts
COMPANY PERFORMANCE
Companies dragging the index lower included:
- HUBC: -115.52 pts
- PPL: -55.29 pts
- DAWH: -52.87 pts
- MTL: -49.95 pts
- HBL: -48.38 pts
Conversely, companies adding points to the index were:
- UNITY: +32.06 pts
- PKGP: +17.82 pts
- SYS: +11.18 pts
- PSX: +9.80 pts
- AICL: +7.24 pts
BROADER MARKET SUMMARY
The broader market’s All-Share index closed at 51,114.52, with a net loss of 366.74 points or 0.71%. The total market volume was 495.91 million shares, down from 610.26 million in the previous session, and the traded value was Rs22.12 billion, a decrease of Rs2.20 billion. There were 267,667 trades reported across 440 companies, with:
- 153 closing up
- 241 closing down
- 46 remaining unchanged
TOP TEN BY VOLUME PSX STOCK
- K-Electric Limited (KEL)
- Price: 4.89
- Change %: -0.41%
- Volume: 57,716,127
- Pakistan International Airlines HCL (PIAHCLA)
- Price: 25.08
- Change %: 5.11%
- Volume: 43,039,629
- Unity Foods Limited (UNITY)
- Price: 34.87
- Change %: 7.43%
- Volume: 28,628,477
- Worldcall Telecom Limited (WTL)
- Price: 1.25
- Change %: 0.81%
- Volume: 20,107,488
- Hum Network Limited (HUMNL)
- Price: 11.93
- Change %: -1.40%
- Volume: 18,552,920
- Agriauto Industries Limited (AGL)
- Price: 24.14
- Change %: 2.42%
- Volume: 16,497,308
- The Bank of Punjab (BOP)
- Price: 5.74
- Change %: -3.20%
- Volume: 16,102,902
- Pakistan Telecommunication Company Limited (PTC)
- Price: 12.69
- Change %: -3.35%
- Volume: 11,175,103
- Ghani Chemical Industries Limited (GCIL)
- Price: 13.39
- Change %: 5.77%
- Volume: 9,317,906
- Cnergyico PK Limited (CNERGY)
- Price: 3.99
- Change %: -2.44%
- Volume: 8,861,024
YEARLY PERFORMANCE
The KSE-100 Index has gained 1,397 points or 1.78% during the fiscal year. The ongoing calendar year has witnessed a cumulative increase of 17,391 points, equivalent to 27.85%.
GOLD PRICES SURGE IN PAKISTAN ON WEDNESDAY
Gold prices in Pakistan surged on Wednesday, with 24-karat gold being sold at Rs245,600 per tola, marking an increase of Rs600 per tola. This price adjustment reflects the ongoing fluctuations in the market.
PAKISTANI RUPEE DEPRECIATES AGAINST US DOLLAR
The Pakistani rupee (PKR) depreciated by 11.05 paisa against the US dollar in Wednesday’s interbank session, settling at PKR 278.51 per USD.
LEARN TO SAFELY INVEST IN PAKISTAN & TAKE CHARGE OF YOUR OWN MONEY
How to invest in Pakistan stock market: To begin this adventure, you will need to deposit PKR 5,000 as the initial payment to register an account with the Pakistan Stock Exchange (PSX). The Securities and Exchange Commission of Pakistan (SECP) requires you to work with a licensed broker in order to begin the process of opening an account on the Pakistan Stock Market (PSX)..
