PSX closes slightly higher with KSE-100 gaining 41.82 points

KARACHI: The Pakistan Stock Exchange (PSX) saw its benchmark KSE-100 index close slightly higher on Thursday, finishing the trading session at 74,878.12 points, marking an increase of 41.82 points or 0.06 per cent.

Throughout the day, the index fluctuated within a range of 714.68 points, reaching an intraday high of 75,300.03 points, up by 463.73 points, and a low of 74,585.35 points, down by 250.95 points. The total trading volume for the KSE-100 index amounted to 175.8 million shares.

Among the 100 index companies, 42 saw gains, 53 experienced losses, 5 remained unchanged, and none were untraded.

Key sectors that bolstered the index included Cement (130.06 points), Automobile Assemblers (57.45 points), Leather & Tanneries (43.2 points), Power Generation & Distribution (27.77 points), and Engineering (20.45 points). Conversely, sectors that weighed down the index were Fertilizer (94.39 points), Commercial Banks (63.62 points), Oil & Gas Exploration Companies (26.32 points), Miscellaneous (19.4 points), and Oil & Gas Marketing Companies (17.26 points).

Leading contributors to the index’s gains were Millat Tractors Limited (MTL) with 59.09 points, Service Industries Limited (SRVI) with 43.2 points, Fauji Cement Company Limited (FCCL) with 32.79 points, Lucky Cement Limited (LUCK) with 32.14 points, and Pakistan Petroleum Limited (PPL) with 29.77 points.

On the downside, the major detractors were Fauji Fertilizer Company Limited (FFC) with 51.44 points, Mari Petroleum Company Limited (MARI) with 41.1 points, Engro Corporation Limited (ENGRO) with 32.79 points, MCB Bank Limited (MCB) with 29.17 points, and Pakistan State Oil Company Limited (PSEL) with 19.73 points.

In the broader market, the All-Share index closed at 48,334.64 points, registering a net loss of 84.83 points.

The PSX’s modest gain on Thursday highlights the mixed performance across various sectors, with significant contributions from cement and automobile assemblers, while fertilisers and commercial banks posed challenges.

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