PSX closing: KSE-100 achieves record high with 105-point increase

KARACHI: The Pakistan Stock Exchange’s (PSX) benchmark KSE-100 index concluded Tuesday’s trading session at new record high of 80,672.06 points, marking an increase of 105.86 points, or 0.13 per cent.

Throughout the session, the index experienced fluctuations within a 556.57-point range, reaching an intraday high of 81,087.42 points (+521.22) and dipping to a low of 80,530.85 points (-35.35). The total trading volume for the KSE-100 Index stood at 309.53 million shares.

Among the 100 index companies, 53 closed higher, 44 declined, and 3 remained unchanged. Sector-wise, the index saw support from Fertilizer (+117.22 points), Cement (+40.01 points), Textile Composite (+33.98 points), Food & Personal Care Products (+23.78 points), and Tobacco (+22.42 points).

Conversely, Commercial Banks (-166.94 points), Power Generation & Distribution (-37.27 points), Automobile Parts & Accessories (-13.59 points), Refinery (-12.31 points), and Miscellaneous (-7.27 points) sectors negatively impacted the index.

Leading contributors to the index’s gains included Fauji Fertilizer Company (FFC) with an addition of 63.26 points, Pakistan Oilfields Limited (POL) with 35.72 points, Interloop Limited (ILP) with 28.38 points, Engro Fertilizers (EFERT) with 28.12 points, and Fauji Fertilizer Bin Qasim Limited (FFBL) with 27.91 points.

On the other hand, significant detractors were Hub Power Company (HUBC) with a loss of 68.45 points, United Bank Limited (UBL) with 47.70 points, Habib Bank Limited (HBL) with 45.39 points, Bank Alfalah (BAFL) with 41.12 points, and Mari Petroleum (MARI) with 24.62 points.

In the broader market, the All-Share Index closed at 51,481.26 points, registering a gain of 311.93 points, or 0.61 per cent.

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