The Pakistan Stock Exchange’s (PSX) benchmark KSE-100 Index fell by 620.23 points, or 0.72%, on Thursday, closing at 85,585.43 after hitting a record high in the previous session. The market experienced a volatile session, with the index trading within a range of 981.10 points, reaching an intraday high of 86,520.29 (+314.63) and a low of 85,539.19 (-666.47).

Market Summary

  • KSE-100 Volume: 219.88 million shares.
  • Advancers: 37 companies.
  • Decliners: 58 companies.
  • Unchanged: 5 companies.

Top Losers:

  1. PGLC (-4.97%)
  2. HUBC (-4.30%)
  3. GLAXO (-3.01%)
  4. ATRL (-2.88%)
  5. PTC (-2.83%)

Top Gainers:

  1. PSX (+6.35%)
  2. POML (+5.44%)
  3. NPL (+5.28%)
  4. JDWS (+3.09%)
  5. YOUW (+2.89%)

Major Index Movers:

  • Negative Contributions:
    • HUBC (-136.90 points)
    • MCB (-89.22 points)
    • POL (-59.03 points)
    • PPL (-37.65 points)
    • FFC (-33.57 points)
  • Positive Contributions:
    • INDU (+19.24 points)
    • HMB (+18.37 points)
    • EFERT (+14.90 points)
    • PSX (+14.25 points)
    • PAKT (+9.40 points)

Sector Performance:

  • Decliners:
    • Commercial Banks (-203.57 points)
    • Oil & Gas Exploration Companies (-144.40 points)
    • Power Generation & Distribution (-137.23 points)
    • Fertilizer (-42.09 points)
    • Oil & Gas Marketing Companies (-24.54 points)
  • Supporters:
    • Tobacco (+9.40 points)
    • Investment Banks / Investment Companies / Securities Companies (+8.39 points)
    • Miscellaneous (+6.29 points)
    • Sugar & Allied Industries (+4.92 points)
    • Transport (+4.40 points)

Broader Market:

  • All-Share Index: Closed at 54,944.03, down by 348.61 points, or 0.63%.
  • Total Market Volume: 513.29 million shares, up from 474.33 million in the previous session.
  • Traded Value: Rs21.61 billion, down by Rs5.33 billion from the previous day.
  • Trades: 270,620 trades reported in 450 companies.
    • Advancers: 173 companies.
    • Decliners: 208 companies.
    • Unchanged: 69 companies.

Top Ten by Volume:

  1. PRL: 26.45 (+6.01%) – 57.83 million shares
  2. FFL: 9.34 (+7.23%) – 57.33 million shares
  3. SEARL: 63.25 (-0.11%) – 30.39 million shares
  4. PIBTL: 6.71 (+2.60%) – 18.87 million shares
  5. PACE: 5.70 (+5.36%) – 17.53 million shares
  6. CNERGY: 3.80 (0.00%) – 14.27 million shares
  7. WTL: 1.21 (-0.82%) – 12.67 million shares
  8. PASL: 1.35 (-8.16%) – 12.47 million shares
  9. HUBC: 97.36 (-4.30%) – 11.40 million shares
  10. PTC: 15.13 (-2.83%) – 11.33 million shares

Year-to-Date Performance:

  • The KSE-100 Index has gained 7,140 points or 9.10% during the fiscal year.
  • The index has witnessed a cumulative increase of 23,134 points, equivalent to 37.04%, so far in the calendar year.

PAKISTAN MARKETS SUMMARY

On Thursday, the Pakistani Rupee (PKR) appreciated by 5 paisa, or 0.02%, against the US dollar in the interbank market, closing at PKR 277.79 per USD compared to the previous day’s close of PKR 277.84. During the session, the rupee traded within a range, with a high bid of 277.90 and a low ask of 277.80.

Meanwhile, the price of 24-karat gold in Pakistan saw an increase of Rs.700 per tola, bringing it to Rs.277,900 compared to the previous day’s price of Rs.277,200. The price of 10 grams of 24-karat gold also rose by Rs.600, reaching Rs.238,254 from Rs.237,654. Additionally, 10 grams of 22-karat gold climbed to Rs.218,400 from Rs.217,850, as per the All Sindh Sarafa Jewellers Association.

In the international market, gold prices increased by $7, settling at $2,682 per ounce, up from $2,675. Earlier in the European trading session, gold briefly hit a record high of $2,689 before pulling back. The dip followed the release of stronger-than-expected US Retail Sales data, which boosted the US dollar. Since gold and the US dollar are inversely correlated, the dollar’s rise pressured gold prices, contributing to the retracement from the new high.

ALI

ALI

Experienced Senior Research Analyst

SIKANDER RAZA

SIKANDER RAZA

Sikander Raza, a Senior Technical Analyst

HAMZA SALEEM

HAMZA SALEEM

Hamza Saleem, a Senior Business Analyst

IRSA

IRSA

Irsa Sajjad, as a Research Analyst for Equities

Leave a Reply

Your email address will not be published. Required fields are marked *

TRENDING

Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?