PSX closes lower as KSE-100 index sheds 146.68 points

KARACHI: The KSE-100 index of the Pakistan Stock Exchange (PSX) concluded Thursday’s trading session at 77,740.30, reflecting a modest decrease of 146.68 points or 0.19 per cent.

During the session, the index fluctuated within a range of 645.10 points, reaching an intraday high of 78,241.02 (+354.04) and a low of 77,595.92 (-291.06).

Trading activity on the KSE-100 Index involved 97.02 million shares. Out of the 100 companies listed on the index, 34 saw their share prices increase, 57 experienced declines, and 9 remained unchanged.

The top decliners for the day included POML, which dropped by 3.95 per cent, BAFL with a 3.69 per cent decrease, PIBTL falling by 3.38 per cent, YOUW down by 3.23 per cent, and SCBPL which declined by 3.07 per cent.

Conversely, the top gainers were FFC, up by 3.76 per cent, PABC with a 3.57 per cent rise, BWCL gaining 2.56 per cent, THALL increasing by 2.39 per cent, and MUREB advancing by 2.04 per cent.

In terms of index-point contributions, the companies that contributed most to the index’s decline were UBL (-98.12 points), BAFL (-53.47 points), MARI (-27.75 points), PPL (-27.70 points), and BAHL (-21.67 points).

On the positive side, the firms that bolstered the index included FFC (+150.40 points), LUCK (+27.10 points), HBL (+25.63 points), MEBL (+17.29 points), and POL (+13.61 points).

Sector performance highlighted a negative impact on the KSE-100 Index from Commercial Banks (-176.76 points), Oil & Gas Exploration Companies (-57.16 points), Food & Personal Care Products (-26.50 points), Pharmaceuticals (-12.41 points), and Oil & Gas Marketing Companies (-10.76 points).

In contrast, sectors that provided support included Fertilizer (+122.36 points), Automobile Assembler (+13.48 points), Technology & Communication (+11.99 points), Automobile Parts & Accessories (+11.66 points), and Miscellaneous (+8.82 points).

In the broader market, the All-Share Index closed at 49,361.74, marking a decline of 111.72 points or 0.23 per cent. Total market volume amounted to 278.99 million shares, a drop from the previous session’s 382.60 million shares.

The total traded value was Rs13.09 billion, reflecting a decrease of Rs1.54 billion. There were 166,797 trades reported across 433 companies, with 172 companies closing higher, 198 lower, and 63 remaining unchanged.

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