The Pakistan Stock Exchange (PSX) experienced another day of bullish sentiment on Tuesday, with the benchmark KSE-100 Index edging closer to the significant 66,000 level. This level has posed as a major resistance point in recent trading sessions, yet bulls persist in their attempts to breach it successfully.

The KSE-100 Index concluded the trading session at 65,906.28, marking a notable increase of 380.63 points or 0.58%. Throughout the day, the index exhibited fluctuations, trading within a range of 496.83 points. The intraday high stood at 65,989.54 (+463.89), while the low touched 65,492.71 (-32.94) points. The total volume of the KSE-100 index reached 137.147 million shares.

PSX CLOSING SUMMARY – MAR 26, 2024

ParameterValue
Index65,906.27
Change380.63 (0.58%)
As ofMar 26, 2024 2:15 PM
High65,989.54
Low65,492.70
Volume137,146,538
1-Year Change64.76%
YTD Change1.92%
Previous Close65,525.64
Day Range65,492.70 — 65,989.54
52-Week Range39,482.17 — 67,093.96

 

SECTORAL PERFORMANCE

Of the 100 index companies, 58 closed higher, 33 closed lower, while 2 remained unchanged, with 7 companies remaining untraded. The KSE-100 index received support from various sectors, including:

  • Commercial Banks
  • Fertilizer
  • Cement
  • Miscellaneous
  • Oil & Gas Exploration Companies

Conversely, certain sectors exerted downward pressure on the index, including:

  • Investment Banks / Investment Companies / Securities Companies
  • Oil & Gas Marketing Companies
  • Power Generation & Distribution
  • Technology & Communication
  • Pharmaceuticals

TOP CONTRIBUTORS AND DETRACTORS

Notable contributors to the index’s gains included companies such as FFC, MEBL, UBL, PSEL, and LUCK. Conversely, companies like DAWH, EFERT, BAFL, MCB, and HUBC weighed down on the index.

BROADER MARKET TRENDS

In the broader market, the All-Share index closed at 43,684.31, recording a net gain of 251.29 points. Total market volume stood at 303.710 million shares, reflecting increased trading activity compared to the previous session. The traded value amounted to Rs12.08 billion, indicating a substantial rise of Rs3.13 billion.

TOP TEN BY VOLUME

The top ten companies by volume included PIAA, PTC, NBP, OGDC, WTL, PAKRI, HASCOL, AGL, TOMCL, and CNERGY. These companies witnessed significant trading activity during the session, contributing to the overall market volume.

 

Top Ten Companies by Volume

CompanyVolume
PIAA30,297,500
PTC28,146,003
NBP21,033,972
OGDC20,903,604
WTL11,813,611
PAKRI10,249,500
HASCOL10,040,500
AGL8,860,500
TOMCL8,519,000
CNERGY7,875,850

 

YEARLY PERFORMANCE

During the fiscal year, the KSE-100 Index has seen remarkable growth, gaining 24,454 points or 58.99%. Additionally, the ongoing calendar year has witnessed a cumulative increase of 3,455 points, equivalent to 5.53%.

KSE100_2024-03-26_19-00-29

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