The Pakistan Stock Exchange (PSX) has continued its remarkable upward trend, with the KSE-100 Index breaking through the 90,000 mark for the first time in history. This surge marks the fourth consecutive session of record-breaking gains, driven by improving macroeconomic indicators that have boosted investor sentiment.
Market Performance Overview
- Closing Figures: The KSE-100 Index closed at 89,993.96, up 1,047.98 points or 1.18% from the previous session.
- Intraday Movement: Throughout the trading day, the index reached an intraday high of 90,593.61 (+1,647.63 points) and a low of 89,373.82 (+427.84 points).
- Trading Volume: The total volume of shares traded in the KSE-100 Index was 365.94 million, with 52 companies closing higher, 46 lower, and 2 unchanged.
Top Gainers and Losers
Top Gainers:
- PGLC: +12.05%
- KOHC: +10.00%
- ABOT: +10.00%
- PSO: +9.62%
- FCEPL: +8.91%
Top Losers:
- ILP: -9.69%
- LOTCHEM: -6.98%
- NCPL: -5.51%
- KEL: -4.98%
- ATRL: -3.98%
Index Contribution Analysis
Contributors to Index Gains:
- FFC: +258.21 pts
- PSO: +134.52 pts
- MCB: +125.90 pts
- EFERT: +103.31 pts
- UBL: +99.98 pts
Detractors from Index Performance:
- HUBC: -133.37 pts
- ILP: -60.95 pts
- ATRL: -26.67 pts
- KEL: -21.38 pts
- TRG: -17.36 pts
Sector Performance
Top Supporting Sectors:
- Fertilizer: +417.21 pts
- Commercial Banks: +288.16 pts
- Cement: +274.36 pts
- Oil & Gas Marketing Companies: +140.65 pts
- Oil & Gas Exploration Companies: +112.55 pts
Sectors that Weighed on the Index:
- Power Generation & Distribution: -160.88 pts
- Textile Composite: -59.09 pts
- Technology & Communication: -54.12 pts
- Refinery: -33.59 pts
- Automobile Assembler: -33.07 pts
Broader Market Overview
- All-Share Index: Closed at 57,461.53, gaining 495.83 points or 0.87%.
- Total Market Volume: Reached 695.54 million shares, slightly down from 757.65 million in the previous session.
- Traded Value: Recorded at Rs37.87 billion, an increase of Rs1.83 billion.
- Trading Activity: There were 344,865 trades reported across 457 companies, with 181 closing higher, 222 lower, and 54 remaining unchanged.
Volume Leaders
| Symbol | Price | Change (%) | Volume |
|---|---|---|---|
| FFL | 10.01 | +8.45 | 57,561,820 |
| KEL | 4.58 | -4.98 | 41,399,129 |
| SSGC | 11.98 | +9.41 | 38,036,205 |
| FCCL | 33.99 | +8.04 | 31,553,452 |
| WTL | 1.27 | -3.79 | 26,011,705 |
| PSO | 224.98 | +9.62 | 23,434,446 |
| OGDC | 175.60 | +0.16 | 22,422,781 |
| PTC | 16.26 | -2.98 | 19,733,585 |
| MLCF | 37.89 | -0.81 | 19,104,042 |
| PPL | 136.17 | +2.10 | 16,490,623 |
Year-to-Date Performance
As of now, the KSE-100 has gained 11,549 points or 14.72% during the fiscal year, and a remarkable 27,543 points or 44.10% since the beginning of the calendar year.
Conclusion
The PSX’s continued rally signals strong investor confidence bolstered by positive economic indicators. The KSE-100 Index’s milestone achievement reflects a robust market environment, with key sectors like fertilizers and banking driving the gains. Investors will be closely monitoring ongoing macroeconomic developments that could impact future performance.
PAKISTAN MARKET NEWS
Currency and Gold Market Update (Friday)
Pakistani Rupee (PKR) Performance
The Pakistani rupee (PKR) experienced a modest appreciation of 20 paisa or 0.07% against the US dollar (USD) during Friday’s interbank session. The closing rate for the PKR was PKR 277.64, compared to the previous close of PKR 277.84.
- Intraday Fluctuations:
- High (Bid): PKR 277.70
- Low (Ask): PKR 277.50
On a weekly basis, the PKR showed a minor depreciation, losing 3 paisa or 0.01% against the dollar.
Gold Prices
The price of 24-karat gold in Pakistan saw a decline on Friday, dropping by Rs. 800 per tola, bringing the price to Rs. 282,300 compared to Rs. 283,100 the previous trading day.
- Additional Gold Pricing:
- 10 grams of 24-karat gold: Decreased by Rs. 686, now priced at Rs. 242,027 (previously Rs. 242,713).
- 10 grams of 22-karat gold: Dropped to Rs. 221,858, down from Rs. 222,487.
Silver Prices
Silver prices remained stable, with the following rates:
- Silver (per tola): Rs. 3,350
- Silver (per 10 grams): Rs. 2,872.08
Summary
The PKR showed slight gains against the USD, while gold prices experienced a notable decline. The silver market, in contrast, remained steady, maintaining its prices without significant fluctuations.
