KSE-100 index sees marginal decline of 0.06%

WEB DESK: In today’s market report, the Pakistan Stock Exchange (PSX) witnessed a relatively stable close as cautious traders refrained from taking significant risks ahead of the upcoming monetary policy meeting.

The benchmark KSE-100 index concluded Monday’s trading session at 65,755.31, experiencing a marginal decrease of 38.45 points, or 0.06 per cent.

Pakistan Stock Exchange closing March 11, 2024

Throughout the trading day, the index displayed a fluctuation within a range of 420.58 points. It reached an intraday high of 66,119.34, reflecting a positive momentum of 325.58 points, while the lowest point touched was 65,698.76, indicating a decline of 95.00 points.

The total volume of shares traded for the KSE-100 index stood at 251.628 million.

Among the 100 index companies, 58 ended the day with gains, 36 witnessed a decrease, 1 remained unchanged, and 5 were left untraded.

The decline in the KSE-100 index was primarily attributed to the performance of investment banks, investment companies, and securities companies, collectively losing 112.22 points.

Commercial banks followed with a decrease of 64.93 points, miscellaneous with 41.34, food and personal care products with 22.95, and oil and gas exploration companies with 20.31 points.

On the positive side, the index found support from Power Generation & Distribution, contributing 34.92 points, Pharmaceuticals with 33.73, Cement with 30.3, Technology & Communication with 18.79, and Automobile Assembler with 18.07 points.

Specific companies that exerted downward pressure on the index included DAWH with 110.29 points, PSEL with 38.1, Nestle with 33.01, MCB with 28.26, and ENGRO with 26.3 points.

Conversely, companies that bolstered the index were HUBC with 42.88, MTL with 18.78, FFC with 18.33, PTC with 18.07, and LUCK with 13.76 points.

It’s noteworthy that during the previous week, the KSE-100 index witnessed a gain of 468 points, or 0.72 per cent.

Over the fiscal year, the index has demonstrated remarkable growth, accumulating 24,303 points, equivalent to a 58.63 per cent increase.

Furthermore, the ongoing calendar year has seen a cumulative rise of 3,304 points, reflecting a notable 5.29 per cent gain.

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