PAKISTAN STOCK EXCHANGE SEES RECOVERY SECOND DAY IN A ROW (+1188.61)

With the benchmark index rising by more than 1800 points on Thursday, the Pakistan Stock Exchange (PSX) continued to rise for the second day in a row. When the benchmark of representative shares saw its largest day-over-day decline two days after an all-out rout, the bulls took control again. The index gained (1692.65) points in the previous session.

KSE 100 READY FOR A PULL BACK OR A SMALL CORRECTION?

KSE100

The Benchmark KSE100 Index closed the session Green with index posting an intraday high of 1,887.15 (3.10%) points and an intraday low of 228.65 (0.38%) points. PKR continues on upward trajectory and Oil gets rejected by EMA55 resistance on a daily timeframe on first try.

OUR WEEKLY KSE100 TECHNICAL ANALYSIS REPORT

PAKISTAN SAVES RS411 BILLION BY TERMINATING POWER CONTRACTS WITH IPPS

PSX SUMMARY: A DAY OF UPS AND DOWNS

FBR FILE FIR AGAINST POWER CEMENT FOR TAX FRAUD

The VOLUME and VALUE TRADED (000’s) stood at 378,619,990 and Rs.15,708,281.80 respectively. Index closed at 62,052.24 pts adding 1188.61 points to the index. Sectors contributing positively to KSE100 index included Commercial Banks sector (+366.88pts), Oil and Gas Exploration sector (+168.44pts) and Cement sector (+156.75pts). Companies contributing positively to the index included HUBC(+116.27pts), BAHL(+102.56pts), MARI(+99.36pts). The volume leaders included KEL(-2.81%), WTL(-0.71%), FFL(-3.52%). The scrips traded 62.89 million, 46.19 million and 43.05 million shares respectively.

MARKET FRONT

CFDs on Brent Crude oil posted an intraday high of $79.83 and intraday low of $78.47. Oil is currently trading at $78.59 (5:13pm Thursday, 28 December 2023 (GMT+5) Time in Pakistan).

CFDs on WTI Crude Oil posted an intraday high of $74.36 and intraday low of $72.92. Oil is currently trading at $73.09 (5:13pm Thursday, 28 December 2023 (GMT+5) Time in Pakistan).