Pakistan Stock Exchange closes November at 60,531.27

KARACHI: The Pakistan Stock Exchange (PSX) commenced the day on a positive note, with a bullish surge propelling the index close to the 61,000 milestone.

However, encountering substantial resistance at this level prompted a sell-off, resulting in a decline of approximately 600 points.

Despite attempts by the bulls to stage a recovery and challenge the 61,000 level again, the dominance of the bears prevailed.

Pakistan Stock Exchange – November 30 closing

The session concluded with the index settling at 60,531.27, reflecting a marginal gain of 29.28 points, or 0.05 per cent day-on-day (DoD).

Throughout the trading day, the index exhibited a range of 553.54 points, reaching an intraday high of 60,981.68 (+479.68) and a low of 60,428.14 (-73.86) points.

The KSE-100 Index’s total volume stood at 232.897 million shares, with 35 of the 100 index companies closing up, 46 closing down, and 19 remaining untraded.

Key contributors to the KSE-100 index included automobile assemblers with 120.45 points, cement with 110.61 points, power generation & distribution with 78.62 points, textile composite with 9.16 points, and chemical with 7.56 points.

Noteworthy companies boosting the index comprised MTL with 106.96 points, LUCK with 86.94 points, HUBC with 75.83 points, FFBL with 22.89 points, and SYS with 18.12 points.

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On the flip side, commercial banks led the downturn with 187.37 points, followed by oil and gas exploration companies with 30.63 points, oil and gas marketing companies with 22.23 points, technology and communication companies with 20.37 points, and fertiliser companies with 9.38 points.

Specific companies contributing to the index decline included MCB with 77.12 points, ENGRO with 56.07 points, UBL with 47.53 points, TRG with 39.02 points, and MARI with 34.25 points.

In the broader market, the All-Share index concluded at 40,324.28, registering a net gain of 52.03 points.

Trading activity witnessed a notable decline, with a recorded market volume of 467.160 million shares, a decrease from the previous session’s 692.220 million shares.

The traded value amounted to Rs18.75 billion, reflecting a decrease of Rs8.29 billion, or 30 per cent.

A total of 199,298 trades were reported in 377 companies, with 147 closing up, 211 closing down, and 19 remaining unchanged.

It’s worth noting that the KSE-100 has seen a remarkable gain of 19,079 points, or 46.02 per cent, during the fiscal year, while the ongoing calendar year has witnessed a cumulative increase of 20,111 points, equivalent to 49.75 per cent in the KSE-100.

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