The benchmark KSE-100 Index closed Wednesday’s trading session at 82,247.91, gaining 764.27 points or 0.94%. This rally was fueled by investor optimism ahead of the upcoming IMF board meeting, with hopes for the approval of Pakistan’s 37-month Extended Fund Facility (EFF) worth approximately $7 billion.
INDEX HITS INTRADAY HIGH WITH ROBUST TRADING VOLUME
The KSE-100 Index remained in positive territory throughout the day, reaching an intraday high of 82,331.85 points (+848.21) and a low of 81,524.41 points (+40.77). Total trading volume on the index was recorded at 155.31 million shares.
TOP GAINERS AND LOSERS OF THE DAY
Out of the 100 index-listed companies, 66 closed up, 30 closed down, 3 were unchanged, and 1 remained untraded. The top gainers were:
- YOUW: +11.59%
- KTML: +7.76%
- GLAXO: +7.45%
- NBP: +5.35%
- THALL: +5.06%
Meanwhile, the top losers were:
- SPWL: -3.25%
- HABSM: -2.17%
- SHFA: -1.84%
- SCBPL: -1.70%
- BNWM: -1.39%
COMPANIES CONTRIBUTING TO THE INDEX MOVEMENT
In terms of index-point contributions, major companies that drove the KSE-100 upwards were:
- MCB: +150.56 points
- OGDC: +93.92 points
- NBP: +49.10 points
- UBL: +40.24 points
- BAHL: +38.76 points
On the downside, companies that pulled the index lower were:
- FFC: -61.80 points
- HUBC: -27.70 points
- FFBL: -7.90 points
- INDU: -6.95 points
- SCBPL: -6.39 points
SECTOR PERFORMANCE: COMMERCIAL BANKS LEAD THE WAY
The KSE-100 Index was supported by several sectors, with Commercial Banks leading the way by contributing +371.31 points. Other supportive sectors included:
- Oil & Gas Exploration Companies: +130.80 points
- Cement: +120.70 points
- Pharmaceuticals: +32.79 points
- Leather & Tanneries: +32.01 points
Sectors that dragged the index down were:
- Fertilizer: -41.81 points
- Power Generation & Distribution: -11.82 points
- Miscellaneous: -7.82 points
- Sugar & Allied Industries: -1.97 points
- Tobacco: -0.87 points
ALL-SHARE INDEX PERFORMANCE
In the broader market, the All-Share Index ended at 52,618.25, gaining 506.15 points or 0.97%. The total market volume was recorded at 422.16 million shares, up from the previous session’s 369.62 million. Traded value rose to Rs18.38 billion, an increase of Rs1.32 billion from the previous day.
TOP TEN BY VOLUME
- KOSM: +10.95%, 51,829,489 shares
- WTL: 0.00%, 29,716,479 shares
- PACE: +13.00%, 25,434,647 shares
- KEL: +3.61%, 14,099,443 shares
- HUBC: -0.68%, 13,308,966 shares
- OGDC: +3.22%, 12,712,592 shares
- FCSC: +19.63%, 11,476,918 shares
- TPLP: -7.07%, 9,669,888 shares
- YOUW: +11.59%, 9,415,249 shares
- DFML: +5.19%, 8,257,621 shares
KSE-100 INDEX YEAR-TO-DATE PERFORMANCE
The KSE-100 Index has gained 3,803 points or 4.85% during the fiscal year. Over the ongoing calendar year, the index has climbed by 19,797 points, equivalent to a significant increase of 31.70%.
