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.

PAKISTAN STOCK MARKET SUMMARY
Index78,571.05
Change-230.37 (-0.29%)
As ofAug 26, 2024 4:14 PM
High79,160.39
Low78,553.86
Volume141,268,698
1-Year Change64.54%
YTD Change21.51%
Previous Close78,801.42
Day Range78,553.86 — 79,160.39
52-Week Range44,459.63 — 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.

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Trading activity encompassed 229,227 transactions across 433 companies, with 150 stocks advancing, 242 declining, and 41 remaining unchanged.

MOST ACTIVE STOCKS BY VOLUME

SymbolPrice (PKR)Change (%)Volume
SYM7.69-0.52%59,366,445
KOSM10.52-3.66%50,616,021
WTL1.28-1.54%24,441,228
HASCOL7.184.06%24,124,665
HUBC154.355.55%23,216,204
KEL4.501.58%20,527,165
DFML45.5110.01%17,453,100
FNEL3.803.54%16,918,420
PACE3.74-9.88%13,068,701
AIRLINK137.901.44%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.

ALI

ALI

Experienced Senior Research Analyst

SIKANDER RAZA

SIKANDER RAZA

Sikander Raza, a Senior Technical Analyst

HAMZA SALEEM

HAMZA SALEEM

Hamza Saleem, a Senior Business Analyst

IRSA

IRSA

Irsa Sajjad, as a Research Analyst for Equities

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