The Pakistan Stock Exchange (PSX) saw a rebound on Thursday as investors speculated a significant interest rate cut by the State Bank of Pakistan (SBP). The benchmark KSE-100 Index closed at 79,017.61 points, up 365.82 points (0.47%), ahead of the SBP’s decision to lower the key policy rate by 200 basis points to 17.5%.
Key Highlights of the Trading Session:
- Intraday Movement: The KSE-100 traded in a range of 639.96 points, reaching a high of 79,217.61 (+565.82 points) and a low of 78,577.65 (-74.14 points).
- Volume: A total of 132.75 million shares were traded on the KSE-100 Index.
- Market Breadth: Out of 100 companies, 65 advanced, 31 declined, and 4 remained unchanged.
Top Gainers:
- PAKT: +5.64%
- PGLC: +4.91%
- FCCL: +4.78%
- MLCF: +4.45%
- KTML: +4.17%
Top Losers:
- THALL: -4.75%
- YOUW: -4.28%
- NBP: -2.72%
- MARI: -2.32%
- SCBPL: -2.20%
Sector-wise Performance:
- Positive Sectors:
- Fertilizer: +86.94 points
- Commercial Banks: +82.39 points
- Cement: +63.84 points
- Power Generation & Distribution: +41.11 points
- Oil & Gas Marketing Companies: +23.40 points
- Negative Sectors:
- Automobile Parts & Accessories: -23.39 points
- Oil & Gas Exploration: -14.91 points
- Insurance: -3.38 points
- Glass & Ceramics: -3.12 points
- Automobile Assembler: -2.16 points
Key Contributors to Index Movement:
- Top Contributors (Up):
- UBL: +98.10 points
- FFC: +49.50 points
- FCCL: +30.92 points
- OGDC: +30.29 points
- HUBC: +27.53 points
- Top Contributors (Down):
- MARI: -71.50 points
- NBP: -26.69 points
- LUCK: -23.57 points
- THALL: -23.39 points
- HBL: -11.13 points
Overall Market Performance:
- The All-Share Index rose to 50,974.93 points with a gain of 197.28 points (0.39%).
- Total market volume reached 584.28 million shares, up from 532.73 million in the previous session, with a traded value of Rs16.36 billion, an increase of Rs1.63 billion.
Top Traded Stocks by Volume:
- KOSM: 60.74 million shares (-8.74%)
- WTL: 57.98 million shares (-4.67%)
- TPLP: 32.50 million shares (+11.98%)
- TPL: 29.67 million shares (+19.53%)
- AGL: 27.91 million shares (-5.46%)
Yearly Performance:
- Fiscal Year-to-Date: The KSE-100 Index has gained 573 points (0.73%).
- Calendar Year-to-Date: The index has surged by 16,567 points, reflecting a 26.53% increase.
The rally ahead of the SBP’s rate decision signals investor confidence, with market participants anticipating that lower interest rates will provide a boost to the equity markets by reducing borrowing costs and fostering economic growth.
