PSX SUMMARY: The benchmark KSE-100 Index wrapped up Wednesday’s trading session at 81,967.00 points, marking an increase of 162.41 points or 0.20%. The index fluctuated in a range of 830.83 points, reaching an intraday high of 82,360.28 (+555.69) and a low of 81,529.45 (-275.14).
The total trading volume on the KSE-100 Index was 154.65 million shares. Out of the 100 index companies, 44 advanced, 54 declined, while 2 remained unchanged.
Top Gainers:
- PKGP: +10.00%
- FHAM: +3.49%
- ILP: +3.39%
- FCCL: +2.97%
- APL: +2.93%
Top Losers:
- HGFA: -4.48%
- PAEL: -4.23%
- YOUW: -4.16%
- KOSM: -3.24%
- CHCC: -3.01%
Index Contributions:
- Positive: UBL (+91.33 points), FFC (+60.79 points), MCB (+39.87 points), ENGRO (+39.25 points), and PKGP (+38.50 points).
- Negative: HUBC (-83.89 points), MARI (-81.14 points), EFERT (-57.38 points), BAHL (-28.82 points), and CHCC (-20.37 points).
Sector-wise Performance:
- Gainers: Commercial Banks (+195.30 points), Fertilizer (+50.01 points), Textile Composite (+24.10 points), Oil & Gas Marketing Companies (+22.88 points), and Leather & Tanneries (+15.95 points).
- Losers: Power Generation & Distribution (-56.77 points), Automobile Assembler (-25.95 points), Engineering (-17.31 points), Cable & Electrical Goods (-14.76 points), and Chemical (-13.90 points).
In the broader market, the All-Share Index closed at 52,322.23, gaining 55.67 points or 0.11%. Total market volume stood at 360.99 million shares, up from the previous session’s 359.08 million, while the traded value dropped to Rs15.39 billion from Rs17.16 billion.
A total of 203,155 trades were executed across 448 companies, with 164 advancing, 221 declining, and 63 remaining unchanged.
Top Ten by Volume:
- AGHA: 30.83 million shares (-0.65%)
- WTL: 26.47 million shares (-2.42%)
- FCCL: 20.05 million shares (+2.97%)
- PAEL: 13.47 million shares (-4.23%)
- FATIMA: 12.82 million shares (+1.41%)
- KOSM: 10.79 million shares (-3.24%)
- FLYNG: 10.44 million shares (-6.86%)
- CPHL: 9.95 million shares (+2.73%)
- PIAHCLA: 9.67 million shares (-7.42%)
- HUBC: 9.44 million shares (-2.14%)
Overall, the KSE-100 Index has gained 3,522 points or 4.49% during the fiscal year, while the ongoing calendar year has seen a substantial increase of 19,516 points, translating to a 31.25% rise.
PAKISTAN MARKERTS SUMMARY
On Wednesday, the Pakistani rupee (PKR) appreciated slightly by 0.02% against the US dollar, closing at PKR 277.64 in the interbank market. In the open market, the dollar was quoted at PKR 278.5 for buying and PKR 280 for selling. Against other major currencies, the PKR showed mixed performance, gaining against the Euro, British Pound, and Swiss Franc, but slightly losing ground against the Japanese Yen, Chinese Yuan, Saudi Riyal, and UAE Dirham.
For the current financial year, the rupee has appreciated by 0.25% against the US dollar. The Karachi Interbank Bid and Offer rates (KIBOR) for 6-month loans dropped slightly, closing at 14.77% and 15.02%.
In the gold market, prices in Pakistan rebounded after a four-day decline, rising by Rs600 per tola to reach Rs275,500. On the international front, gold prices also increased, reaching $2,653 per ounce. Geopolitical tensions in the Middle East and expectations of US interest rate cuts contributed to the upward trend in gold prices. Despite the rise in gold, silver prices remained steady at Rs3,050 per tola.
Gold is viewed as a safe-haven asset, and the recent price hike is linked to global instability and demand from major markets like China and India.
