KSE-100 index closes with 0.98% surge

WEB DESK: In a robust trading session on Monday, the Pakistan Stock Exchange (PSX) witnessed a commendable surge in its benchmark KSE-100 index, concluding at 60,459.75.

This marked an impressive uptick of 586.79 points, or 0.98 per cent, showcasing the market’s resilience.

Throughout the trading day, the KSE-100 index exhibited fluctuations within a range of 1,312.62 points. The intraday high peaked at 60,504.48, reflecting a substantial increase of 631.52 points, while the low touched 59,191.86, experiencing a dip of 681.11 points.

KSE-100 closing (February 19, 2024)

The trading activity saw a total volume of 126.223 million shares within the KSE-100 index. Among the 100 index companies, 51 registered gains, 38 observed declines, 3 remained unchanged, and 8 stayed untraded, contributing to a dynamic market environment.

Key sectors supporting the KSE-100 index included Oil & Gas Exploration Companies with 267.91 points, Power Generation & Distribution with 86.13 points, Cement with 58.05 points, Oil & Gas Marketing Companies with 53.47 points, and Automobile Assemblers with 40.57 points.

Conversely, some sectors exerted a downward influence on the index, including Chemical with 23.77 points, Investment Banks/Companies/Securities Companies with 12.43 points, Leather & Tanneries with 11.46 points, Property with 8.09 points, and Paper & Board with 4.47 points.

Noteworthy contributors to the index’s positive momentum included OGDC with 149.48 points, PPL with 128.51 points, HUBC with 75.93 points, ENGRO with 37.06 points, and BAHL with 29.51 points. On the flip side, companies like UBL with 27.32 points, NESTLE with 20.04 points, COLG with 14.4 points, DAWH with 13.46 points, and POL with 13.14 points pulled the index lower.

In the broader market, the All-Share index concluded at 40,792.93, reflecting a net gain of 406.15 points. The total market volume amounted to 261.800 million shares, showing a slight decrease from the previous session, while the traded value recorded at Rs9.91 billion indicated a decrease of Rs2.35 billion.

The day witnessed 148,405 trades across 329 companies, with 170 companies closing on a positive note, 138 closing with losses, and 21 remaining unchanged, showcasing the overall dynamism of the market.

It’s worth noting that during the fiscal year, the KSE-100 has accumulated an impressive gain of 19,007 points, or 45.85 per cent. However, the ongoing calendar year has seen a cumulative decrease of 1,991 points, equivalent to 3.19 per cent, highlighting the nuanced dynamics of the market in recent times.

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