KARACHI, : Pakistan Stock Exchange (PSX) managed to close in green for the fifth straight session, with KSE-100 Index gaining 41.19 points (+0.09 percent) to close at 47,493.57 points.
Overall, the benchmark index gained 1,261 points in the last five sessions. The market opened on a positive note but switched between the green and red territories throughout the session. The rupee’s appreciation over the past few weeks has given investors a sense of confidence. Moreover, 10 percent duty on Afghanistan transit trade is going to discourage any kind of smuggling which used to take place through Afghan transit and the step will further empower local industry.
The benchmark index traded in a range of 216.68 points, showing an intraday high of 47,619.25 points and an intraday low of 47,402.57 points. Among other indices, the KSE All Share Index gained 15.60 points (+0.05 percent) to close at 31,832.86 points, while KMI All Share Islamic Index gained 2.06 points (+0.01 percent) to close at 21,200.99 points.
Total volumes traded for the KSE-100 Index decreased by 65.87 million to 116.57 million shares against 182.44 million shares traded a session earlier. The overall market volumes decreased by 216.49 million shares to 246.38 million shares against 462.87 million shares traded a session earlier.
Among scrips, WTL topped the volumes for the fourth straight session with 41.32 million shares, followed by KEL (28.16 million) and TELE (11.77 million). Stocks that contributed significantly to the volumes included WTL, KEL, TELE, MLCF, and CNERGY, which formed around 40 percent of total volumes.
A total of 349 companies traded shares in the stock exchange against 351 a session earlier, out of which shares of 189 closed up, shares of 138 closed down while shares of 22 companies remained unchanged. A total of 98 companies traded shares in the KSE-100 Index against 97 in the previous session, out of which share price of 49 companies closed up, 46 closed down and three remained unchanged.
The number of total trades decreased by 14,860 to 123,552 from 138,412 a session earlier, while the value traded decreased by Rs1.82 billion to Rs7.18 billion against Rs9 billion in the previous session.
In terms of rupee, UPFL remained the top gainer for the second straight session with an increase of Rs100 (+0.49 percent) per share, closing at Rs20,700. The runner-up remained BHAT, the share price of which climbed up by Rs44.5 (+4.78 percent) to Rs974.5. SFL remained the top loser with a decrease of Rs83.95 (-7.5 percent) per share, closing at Rs1,036.05 followed by KHTC, the share price of which fell by Rs60.89 (-7.5 percent) to close at Rs751.02 per share.
The major sectors taking the index towards north remained power generation & distribution (60 points), automobile assembler (39 points), technology & communication (37 points), investment banks/ investment companies/ securities companies (22 points), and fertilizers (14 points). The major companies adding points to the index remained HUBC (51 points), MTL (39 points), DAWH (22 points), SYS (21 points), and ENGRO (15 points).
The sectors taking the index towards south were oil & gas exploration companies (61 points), commercial banks (34 points), cement (30 points), miscellaneous (24 points), and oil & gas marketing companies (5 points). The major companies depriving the index of points remained OGDC (28 points), HBL (27 points), PSEL (23 points), PPL (19 points), and POL (12 points).
Comments are closed.