PSX ends with 0.78% gain amid positive market sentiment

WEB DESK: The KSE-100 index of the Pakistan Stock Exchange (PSX) concluded Monday’s trading session at 63,305.93, marking a notable increase of 490.12 points, or 0.78 per cent.

This positive trend can be attributed to improved political clarity and robust corporate performance.

Throughout the session, the KSE-100 index maintained a positive trajectory, reaching an intraday high of 63,732.50 (+916.69) and a low of 62,915.39 (+99.58) points. The total trading volume for the index stood at 221.45 million shares.

KSE-100 PSX closing February 26, 2024

Among the 100 index companies, 71 witnessed gains, 25 experienced losses, 1 remained unchanged, and 3 were untraded.

Contributing to the index’s positive performance were commercial banks (193.6 points), technology and communication (61.19 points), cement (35.21 points), power generation and distribution (33.08 points), and refineries (30.61 points).

On the flip side, Miscellaneous (-34.3 points), Inv. Banks/IInv. Cos./Securities Cos. (-8.23 points), Food & Personal Care Products (-6.54 points), Close-End Mutual Fund (-2.84 points), and Cable & Electrical Goods (-1.05 points) weighed down on the index.

Notable contributors to the index’s upward movement included POL (41.25 points), MEBL (33.99 points), SYS (29.74 points), BAFL (29.11 points), and HUBC (28.58 points).

Conversely, companies such as PSEL (-29.8 points), NESTLE (-22.91 points), PPL (-17.58 points), DAWH (-12.79 points), and GHGL (-7.71 points) exerted downward pressure.

In the broader market, the All-Share index concluded at 42,361, registering a net gain of 232 points.

The total market volume reached 452.869 million shares, an increase from the previous session, while the traded value amounted to Rs16.49 billion, reflecting a rise of Rs0.48 billion.

A total of 194,545 trades were reported in 345 companies, with 207 closing up, 114 closing down, and 24 remaining unchanged.

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