The Pakistan Stock Exchange experienced a volatile trading session on Wednesday, with the KSE-100 Index closing at 95,546.45 points, marking a decline of 310.21 points (0.32%).
Key Market Insights
- Intraday Performance:
- High: 96,711.33 points (+854.67)
- Low: 95,311.97 points (-544.69)
- Total Volume (KSE-100): 565.38 million shares
Market Movers
- Top Gainers:
- KOSM (+10.73%)
- KAPCO (+8.38%)
- COLG (+7.39%)
- YOUW (+4.93%)
- PGLC (+4.52%)
- Top Losers:
- PSEL (-5.28%)
- POML (-5.09%)
- SNGP (-4.75%)
- NML (-4.00%)
- SYS (-4.00%)
Sector Contributions
- Positive Sectors:
- Fertilizer: +235.97 points
- Food & Personal Care Products: +72.66 points
- Power Generation & Distribution: +58.15 points
- Automobile Parts & Accessories: +13.66 points
- Engineering: +8.34 points
- Negative Sectors:
- Technology & Communication: -132.60 points
- Commercial Banks: -104.71 points
- Cement: -89.91 points
- Oil & Gas Marketing Companies: -77.94 points
- Oil & Gas Exploration Companies: -62.83 points
Market Breadth
- Advancers: 156
- Decliners: 251
- Unchanged: 49
Broader Market Performance
- All-Share Index: Closed at 61,182.17, a loss of 23.46 points (0.04%).
- Total Volume: 1,138.41 million shares (up from 830.93 million in the previous session).
- Traded Value: Rs 37.48 billion (an increase of Rs 7.46 billion).
- Number of Trades: 418,341
Top Traded Stocks
| Symbol | Price | Change (%) | Volume |
|---|---|---|---|
| KEL | 5.22 | -0.38% | 174,389,145 |
| HASCOL | 11.26 | +9.96% | 63,973,243 |
| KOSM | 8.98 | +10.73% | 62,996,737 |
| ASL | 8.76 | +12.31% | 48,137,561 |
| WAVESAPP | 11.56 | +9.99% | 43,506,391 |
Year-to-Date Performance
- Fiscal Year 2023-24: Gained 17,101 points (21.80%).
- Calendar Year 2023: Increased by 33,095 points (52.99%).
The market’s loss was driven by profit-taking in heavyweight sectors such as Technology, Commercial Banks, and Cement, despite gains in Fertilizer and Power Generation stocks. The broader market saw heightened trading activity, with overall volumes and traded value increasing.
PAKISTAN MARKETS
On Wednesday, the Pakistani Rupee (PKR) slightly weakened by 9 paisa (0.03%) against the US Dollar in the interbank market, closing at PKR 278.04 per USD, compared to the previous closing of PKR 277.95.
The Islamabad High Court (IHC) on Wednesday granted bail to former Prime Minister Imran Khan in a recent Toshakhana case. Justice Miangul Hassan Aurangzeb presided over the hearing and approved the bail subject to the submission of two bonds worth Rs. 1 million each. The court instructed Imran Khan to appear before the trial court, warning that failure to cooperate could result in the revocation of bail.
