PSX SUMMARY: Pakistan’s stock market began the week on a strong note, with the benchmark KSE-100 Index approaching the key 80,000 mark. Despite a notable profit-taking session that erased most of the initial gains, the index closed positively, settling at 79,491.13—an increase of 158.08 points or 0.20%. The market was significantly bolstered by Mari Petroleum’s impressive performance.
MARI PETROLEUM SHARES SOAR ON DIVIDEND AND BONUS SHARES
Mari Petroleum saw its shares surge by 10% due to the announcement of a substantial 1,340% dividend and 800% bonus shares issuance. This development played a key role in supporting the KSE-100 Index.
INTRADAY PERFORMANCE
Throughout the trading session, the KSE-100 Index reached an intraday high of 79,993.17 (+660.12) and a low of 79,368.18 (+35.13) points. The total volume of shares traded was 152.29 million.
MARKET BREADTH AND TOP PERFORMERS
- Top Gainers: MARI (+10.00%), PSX (+4.34%), INIL (+4.10%), NCPL (+3.28%), and THALL (+3.01%).
- Top Losers: EFUG (-8.52%), DGKC (-4.56%), GADT (-3.81%), PIBTL (-3.66%), and PAEL (-3.41%).
INDEX CONTRIBUTIONS
- Positive Contributions: MARI (+292.49pts), HUBC (+56.10pts), EFERT (+24.00pts), TRG (+17.10pts), and THALL (+14.31pts).
- Negative Contributions: MEBL (-33.76pts), DGKC (-25.62pts), UBL (-24.29pts), ENGRO (-21.44pts), and OGDC (-20.99pts).
SECTOR PERFORMANCE
- Supporting Sectors: Oil & Gas Exploration Companies (+265.42pts), Power Generation & Distribution (+58.45pts), Technology & Communication (+16.56pts), Automobile Parts & Accessories (+14.31pts), and Food & Personal Care Products (+12.60pts).
- Detracting Sectors: Cement (-87.13pts), Commercial Banks (-61.83pts), Leather & Tanneries (-20.56pts), Insurance (-19.10pts), and Automobile Assembler (-17.76pts).
BROAD MARKET OVERVIEW
The All-Share Index closed at 51,243.05 with a net gain of 86.40 points or 0.17%. Total market volume reached 536.19 million shares, up from 487.52 million in the previous session. The traded value was recorded at Rs8.91 billion, down by Rs2.59 billion from the last session. There were 196,984 trades reported across 443 companies, with 139 closing up, 253 down, and 51 unchanged.
TOP VOLUME STOCKS
- PACE: Rs6.96, -5.43%, Volume: 56,890,305
- CNERGY: Rs4.16, +2.46%, Volume: 48,934,827
- WTL: Rs1.39, +0.73%, Volume: 40,218,735
- FCSC: Rs2.62, -2.60%, Volume: 38,001,431
- KEL: Rs3.99, -1.97%, Volume: 33,764,721
- KOSM: Rs8.85, +5.23%, Volume: 31,476,937
- MDTL: Rs2.71, -12.30%, Volume: 25,613,950
- FNEL: Rs4.27, +3.64%, Volume: 21,676,586
- PASL: Rs1.66, -18.23%, Volume: 19,810,292
- HASCOL: Rs7.26, +1.26%, Volume: 14,098,701
YEARLY PERFORMANCE
The KSE-100 Index has gained 1,046 points or 1.33% during the fiscal year, and 17,040 points or 27.29% in the current calendar year.
PAKISTAN MARKETS
On Monday, the Pakistani rupee (PKR) appreciated by 3.7 paisa, or 0.01%, to settle at PKR 278.13 per USD, improving from PKR 278.16. The currency traded within an intraday range of PKR 278.29 (bid) to PKR 278.20 (ask).
Gold prices in Pakistan saw a positive shift at the start of the week. The price of 24-karat gold rose to Rs268,000 per tola, an increase of Rs1,700. The Karachi Sarafa Association reported 24-karat gold at Rs229,767 per 10-gram, up by Rs1,458, while 22-karat gold was priced at Rs210,620 per 10-gram.
Globally, gold (XAU/USD) has slightly retreated from its record high of $2,590, trading around $2,581-2,582 due to profit-taking. Despite this, the downside is limited by expectations of aggressive Federal Reserve monetary policy easing. Gold remains close to its record high.
PAKISTAN POLITICS
In local news, the government is focusing on the ‘Constitutional Package,’ which proposes changes to the judicial appointment process, potentially increasing executive influence over the superior judiciary.
