The Pakistan Stock Market Benchmark (KSE-100) index kicked off the week on a positive note, reaching an intraday high of 65,174 by 09:43 am. However, selling pressure later set in, eroding the gains as the market closed. The KSE-100 settled at 64,269.38, indicating a decline of 368.26 points or 0.57% from the previous session. The index traded within a range of 1,042.92 points, hitting an intraday high of 65,173.87 and a low of 64,130.96.
The total volume of the KSE-100 index reached 235.432 million shares. Last week, the index posted a weekly gain of 123 points or 0.19%. In today’s session, among the 100 index companies, 22 closed higher, 73 closed lower, 1 remained unchanged, while 4 were untraded.
PAKISTAN STOCK MARKET PSX: KSE – 100 WEEKLY TECHNICAL ANALYSIS
MARKET PERFOMANCE KSE-100
The best-performing sector of the day was Power Generation, driven by investor speculation on HUBC’s board meeting scheduled for tomorrow to discuss corporate actions and business developments.
In the broader market, the All-Share index closed at 43,443.50 with a net loss of 296.63 points. The total market volume was 381.734 million shares, down from the previous session, and the traded value decreased to Rs14.06 billion.
It’s noteworthy that the KSE-100 has demonstrated significant gains during the fiscal year and a cumulative increase in the ongoing calendar year.
MARKET NEWS
In December, the Roshan Digital Account (RDA) witnessed an inflow of $160 million, marking a 17% increase compared to November 2023, according to the State Bank of Pakistan (SBP). Out of this total, $7 million has been repatriated, while $120 million has been utilized locally, resulting in a net repatriable liability of $34 million. Cumulative inflows for RDAs surpassed $7.2 billion by the end of December.
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