PSX achieves highest closing since December 2023

KARACHI: In a significant upswing, the Pakistan stock market reached its highest level in nearly three months, closing at 65,951.73 points on Monday.

This surge of 626.04 points, equivalent to 0.96 per cent, marks the highest closing since mid-December 2023.

PSX closing March 4, 2024

The KSE-100 Index maintained a positive trajectory, hitting an intraday high of 66,007.44 points and a low of 65,532.58 points. The total volume of the KSE-100 index transactions reached 211.691 million shares.

Examining the performance of individual companies in the KSE-100 Index, 57 closed higher, 36 lower, 3 remained unchanged, and 4 were untraded.

Key contributors to the index’s growth included oil and gas exploration companies, power generation and distribution, cement, oil and gas marketing companies, and technology and communication.

Conversely, commercial banks, investment banks, investment companies, securities companies, leather & tanneries, sugar & allied industries, and glass & ceramics witnessed a dip, impacting the overall index performance.

Noteworthy gainers in the market included OGDC, PPL, MARI, HUBC, and LUCK, while decliners comprised HBL, MEBL, HMB, FFC, and DAWH.

In the broader market, the All-Share index closed at 43,689.06, registering a net gain of 420.11 points.

The total market volume saw an increase to 472.863 million shares, and the traded value rose to Rs16.28 billion.

With 183,267 trades reported in 355 companies, the market exhibited resilience, with 184 closing up, 150 closing down, and 21 remaining unchanged.

A notable statistic reveals that the KSE-100 has gained 24,499 points, or 59.1 per cent, during the fiscal year, while the ongoing calendar year has witnessed a cumulative increase of 3,501 points, equivalent to 5.61 per cent.

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