The Pakistan Stock Exchange (PSX) commenced the week on a bearish note as the benchmark KSE-100 Index declined by 230.37 points or 0.29%, closing at 78,571.05 on Monday. The market witnessed volatility throughout the session, trading within a range of 606.53 points with an intraday high of 79,160.39 and a low of 78,553.86.
| Index | 78,571.05 |
|---|---|
| Change | -230.37 (-0.29%) |
| As of | Aug 26, 2024 4:14 PM |
| High | 79,160.39 |
| Low | 78,553.86 |
| Volume | 141,268,698 |
| 1-Year Change | 64.54% |
| YTD Change | 21.51% |
| Previous Close | 78,801.42 |
| Day Range | 78,553.86 — 79,160.39 |
| 52-Week Range | 44,459.63 — 81,939.84 |
MARKET VOLUME AND TRADING ACTIVITY
The total trading volume for the KSE-100 Index stood at 141.27 million shares. Out of the 100 indexed companies, 35 advanced, 63 declined, and 2 remained unchanged, reflecting a generally pessimistic investor sentiment.
TOP LOSERS AND GAINERS
- Top Losers:
- ABOT: Decreased by 9.53%
- YOUW: Fell by 8.15%
- BNWM: Dropped by 7.03%
- SRVI: Declined by 5.99%
- PSX: Went down by 3.82%
- Top Gainers:
- GLAXO: Increased by 10%
- HUBC: Rose by 5.55%
- BIPL: Gained 4.43%
- IBFL: Advanced by 4.26%
- HINOON: Up by 4.07%
HUB POWER COMPANY REPORTS PROFIT GROWTH
Hub Power Company Limited (PSX: HUBC) announced its financial results for the fiscal year ending June 2024, reporting a 9.5% increase in profitability. The company posted a profit after tax of Rs33.88 billion, translating to earnings per share (EPS) of Rs26.12, compared to Rs30.94 billion (EPS: Rs23.85) in the previous year. Alongside the robust earnings, HUBC declared a final cash dividend of Rs8.50 per share, signaling confidence in its financial health.
INDEX POINT CONTRIBUTORS
- Negative Contributors:
- HBL: Subtracted 93.92 points
- UBL: Deducted 56.59 points
- ABOT: Reduced by 51.52 points
- ENGRO: Down by 48.62 points
- SRVI: Decreased by 44.04 points
- Positive Contributors:
- HUBC: Added 252.59 points
- GLAXO: Contributed 30.73 points
- HINOON: Increased by 23.76 points
- DAWH: Up by 18.98 points
- SEARL: Added 9.17 points
SECTOR-WISE PERFORMANCE
- Sectors Dragging the Index:
- Commercial Banks: Fell by 224.50 points
- Fertilizer: Declined by 93.44 points
- Cement: Dropped by 71.67 points
- Leather & Tanneries: Decreased by 44.04 points
- Automobile Assembler: Down by 33.70 points
- Sectors Supporting the Index:
- Power Generation & Distribution: Added 278.44 points
- Pharmaceuticals: Increased by 17.28 points
- Investment Banks/Companies: Gained 10.67 points
- Oil & Gas Exploration Companies: Up by 4.13 points
- Food & Personal Care Products: Contributed 2.55 points
BROADER MARKET INDICATORS
The All-Share Index also closed in negative territory, ending the session at 50,598.47 with a loss of 162.86 points or 0.32%. The total market volume was recorded at 512.34 million shares, down from 682.41 million shares in the previous session, while the traded value increased slightly by Rs0.73 billion to reach Rs18.89 billion.
Trading activity encompassed 229,227 transactions across 433 companies, with 150 stocks advancing, 242 declining, and 41 remaining unchanged.
MOST ACTIVE STOCKS BY VOLUME
| Symbol | Price (PKR) | Change (%) | Volume |
|---|---|---|---|
| SYM | 7.69 | -0.52% | 59,366,445 |
| KOSM | 10.52 | -3.66% | 50,616,021 |
| WTL | 1.28 | -1.54% | 24,441,228 |
| HASCOL | 7.18 | 4.06% | 24,124,665 |
| HUBC | 154.35 | 5.55% | 23,216,204 |
| KEL | 4.50 | 1.58% | 20,527,165 |
| DFML | 45.51 | 10.01% | 17,453,100 |
| FNEL | 3.80 | 3.54% | 16,918,420 |
| PACE | 3.74 | -9.88% | 13,068,701 |
| AIRLINK | 137.90 | 1.44% | 11,834,662 |
YEAR-TO-DATE PERFORMANCE
Despite the day’s downturn, the KSE-100 Index has gained 126 points or 0.16% during the current fiscal year. Furthermore, the ongoing calendar year has witnessed a substantial cumulative increase of 16,120 points, equivalent to a 25.81% rise, underscoring the market’s overall resilience and growth.
PKR
On Monday, the Pakistani Rupee (PKR) appreciated by 8.56 paisa, or 0.03% against the US dollar in interbank trading markets, closing at PKR 278.42 per USD.
