Pakistan stocks closed Friday’s session largely unchanged after a whipsaw day amid volatility on the political front.
KSE-100 INDEX TRADES IN WIDE RANGE
The benchmark KSE-100 Index traded in a wide range of 1,710.00 points, showing an intraday high of 80,321.68 (+329.33) and a low of 78,611.68 (-1,380.67) points. The index faced some selling pressure during the first half of the session, declining 0.5% by noon.
SUPREME COURT DECISION IMPACTS MARKET
During the mid-day break from 12:00 pm to 02:15 pm, the Supreme Court declared Imran Khan’s Pakistan Tehreek-e-Insaf (PTI) eligible for reserved seats for women and minorities, weakening Prime Minister Shehbaz Sharif’s ruling coalition. The stock index plunged as much as 1.8% upon reopening after the break, before paring most of its losses to settle just 0.06% lower by session’s end to 79,944.09.
KSE-100 INDEX VOLUME AND PERFORMANCE
The total volume of the KSE-100 Index was 217.96 million shares. Of the 100 index companies, 38 closed up, 59 closed down, while 3 were unchanged.
SECTOR PERFORMANCE
The KSE-100 index was let down by Power Generation & Distribution (-110.95pts), Oil & Gas Exploration Companies (-48.80pts), Oil & Gas Marketing Companies (-31.26pts), Refinery (-11.93pts), and Technology & Communication (-11.53pts). On the flip-side, the index was supported by Commercial Banks (+101.65pts), Fertilizer (+55.68pts), Leather & Tanneries (+21.59pts), Paper & Board (+15.88pts), and Food & Personal Care Products (+12.55pts).
TOP COMPANIES IMPACTING THE INDEX
Companies that dragged the index lower were HUBC (-100.04pts), OGDC (-37.58pts), UBL (-30.55pts), PSO (-29.46pts), and FFC (-26.29pts). On the other hand, companies that added points to the index were HBL (+124.78pts), FFBL (+37.41pts), EFERT (+32.33pts), SRVI (+21.59pts), and MCB (+19.15pts).
BROADER MARKET PERFORMANCE
In the broader market, the All-Share Index closed at 51,006.35 with a net loss of 51.60 points or 0.10%. Total market volume was 437.32 million shares compared to 389.02 million from the previous session, while traded value was recorded at Rs23.48 billion, showing an increase of Rs2.56 billion. There were 240,011 trades reported in 442 companies, with 155 closing up, 243 closing down, and 44 remaining unchanged.
TOP TEN BY VOLUME
- FFBL: Closed at Rs40.85, up 6.80%, with a trading volume of 45,357,302 shares.
- KEL: Closed at Rs4.81, down 0.83%, with a trading volume of 33,085,415 shares.
- WTL: Closed at Rs1.20, down 1.64%, with a trading volume of 29,218,014 shares.
- AIRLINK: Closed at Rs104.26, up 3.60%, with a trading volume of 22,584,668 shares.
- HBL: Closed at Rs146.63, up 4.77%, with a trading volume of 13,200,563 shares.
- HUMNL: Closed at Rs11.43, down 2.89%, with a trading volume of 9,373,211 shares.
- HUBC: Closed at Rs160.52, down 1.97%, with a trading volume of 8,986,947 shares.
- PTC: Closed at Rs12.95, up 3.02%, with a trading volume of 8,856,632 shares.
- GAL: Closed at Rs230.44, up 7.92%, with a trading volume of 8,777,751 shares.
- LOADS: Closed at Rs11.20, up 3.99%, with a trading volume of 8,204,553 shares.
KSE-100 INDEX PERFORMANCE DURING THE FISCAL AND CALENDAR YEAR
The KSE-100 has gained 1,499 points or 1.91% during the fiscal year, whereas the ongoing calendar year has witnessed a cumulative increase of 17,493 points, equivalent to 28.01%.
LEARN TO SAFELY INVEST IN PAKISTAN & TAKE CHARGE OF YOUR OWN MONEY
How to invest in Pakistan stock market: To begin this adventure, you will need to deposit PKR 5,000 as the initial payment to register an account with the Pakistan Stock Exchange (PSX). The Securities and Exchange Commission of Pakistan (SECP) requires you to work with a licensed broker in order to begin the process of opening an account on the Pakistan Stock Market (PSX)..
