Pakistan’s KSE-100 Index began Wednesday with gains but closed in the red after news of Donald Trump’s U.S. presidential election victory spurred investor caution. The benchmark KSE-100 Index lost 282.88 points, or 0.31%, to settle at 92,021.44. Market analysts suggest concerns over Trump’s presidency impacting emerging markets and the potential for stronger U.S. dollar policy pressured the index, with investors anticipating higher inflation and growth policies that could affect global markets.
Key Trading Stats
- Intraday Range: The KSE-100 traded within a 1,075-point range, hitting an intraday high of 92,966.94 (+662.62) and a low of 91,891.47 (-412.85).
- Volume: Total KSE-100 volume reached 376.32 million shares, with mixed sentiment reflected in 45 companies closing up, 51 down, and 4 unchanged.
Leading Movers
- Top Losers: SYS (-4.70%), SCBPL (-4.64%), GLAXO (-3.84%), PAKT (-2.78%), and FCCL (-2.55%) saw the biggest percentage losses.
- Top Gainers: Stocks such as BOP (+10.11%), PGLC (+8.70%), NRL (+8.60%), EPCL (+7.38%), and CNERGY (+6.48%) led the gainers list.
Sector-wise Impact
- Sectors Dragging the Index: Major declines came from Technology & Communication (-166.03 points), Oil & Gas Exploration (-79.37 points), Commercial Banks (-49.76 points), Fertilizer (-40.39 points), and Pharmaceuticals (-27.02 points).
- Sectors Supporting the Index: Cement (+54.03 points), Automobile Assembler (+33.31 points), Chemical (+24.43 points), Refinery (+23.88 points), and Food & Personal Care Products (+14.21 points) offered support, cushioning the index from further losses.
Broader Market Overview
The broader All-Share Index declined by 130.03 points, or 0.22%, to close at 58,529.41. Market activity saw 889.17 million shares traded across 451 companies, with 200 advancing, 200 declining, and 51 unchanged. Traded value was recorded at Rs 30.47 billion, slightly lower than the previous session’s Rs 32.82 billion.
Top Ten by Volume
- BOP: Gained 10.11% with the highest volume at 88.68 million shares.
- CNERGY: Rose 6.48%, trading 71.64 million shares.
- POWER: Declined by 7.57%, with 39.15 million shares traded.
- SSGC: Increased 2.28% on 37.49 million shares.
- FFL: Slightly down 0.28% on 30.39 million shares.
- HASCOL: Rose 5.36% with 25.86 million shares.
- WTL: Increased 1.65%, trading 25.42 million shares.
- TREET: Up 10.02%, trading 22.72 million shares.
- TBL: Gained 8.32% on 21.82 million shares.
- AGL: Rose 5.98% with a volume of 20.48 million shares.
Year-to-Date Performance
The KSE-100 Index has shown a strong performance this year, up 13,576 points or 17.31% in the fiscal year, and 29,570 points or 47.35% in the calendar year, indicating robust investor interest despite recent volatility.
This session’s mixed outcomes reflect investor caution amid evolving global economic expectations, with particular attention on how U.S. policies under Trump’s leadership may impact emerging markets and currency dynamics. Moving forward, investors may remain focused on sectors positioned to benefit from anticipated shifts in policy and trade, particularly as the dollar strengthens and economic growth prospects evolve.
PAKISTAN MARKETS
In Wednesday’s interbank session, the Pakistani Rupee (PKR) experienced a minor decrease of 5.44 paisa, equivalent to a 0.02% drop, against the US Dollar (USD), closing at PKR 277.89 per USD compared to the previous closing rate of PKR 277.84. During the trading session, the currency saw an intraday high (bid) of PKR 278.00 and a low (ask) of PKR 277.85.
Gold prices (XAU/USD) took a sharp dip on Wednesday, falling near the $2,700 mark as the U.S. Dollar surged in response to Republican Donald Trump’s projected victory in the U.S. presidential race. According to the Associated Press, Trump’s lead in key states pushed him past the 270 electoral votes needed, signaling a significant political comeback that has impacted financial markets worldwide.
The U.S. dollar surged on Wednesday as Republican candidate Donald Trump took a projected lead in the U.S. presidential race, impacting global currencies and markets. The strengthened dollar weighed heavily on Asian currencies, with Singapore’s dollar and Thailand’s baht taking the hardest hits. Meanwhile, the Mexican peso also plunged to a two-year low, as the potential return of Trump’s policies spurred a rush into the dollar and U.S. assets.
