KSE-100 closes with a loss of 53 points

WEB DESK: In the latest trading session on Thursday, the Pakistan Stock Exchange (PSX) experienced a slight dip as the benchmark KSE-100 index closed at 65,603.09, marking a decrease of 53.53 points, or 0.08 per cent.

The index demonstrated a trading range of 686.47 points, reaching an intraday high of 65,874.15 (+217.53) and a low of 65,187.69 (-468.94) points.

PSX closing March 7, 2024

The total volume of the KSE-100 index reached 158.393 million shares, reflecting the market’s dynamic activity.

Among the 100 index companies, 34 concluded on a positive note, 57 faced a decline, 3 remained unchanged, and 6 were left untraded.

Commercial banks led the decline in the KSE-100 index with 101.21 points, followed by fertiliser with 54.24 points, food and personal care products with 18.69 points, cement with 9.07 points, and technology and communication with 7.6 points.

Conversely, the index found support from Oil & Gas Exploration Companies with 94.54 points, Cable & Electrical Goods with 21.19 points, Inv. Banks/IInv. Cos./Securities Cos. with 16.62 points, Power Generation & Distribution with 14.16 points, and Oil & Gas Marketing Companies with 7.82 points.

Noteworthy companies contributing to the index’s decline were BAHL with 37.09 points, MCB with 30.22 points, ENGRO with 27.8 points, MEBL with 26.3 points, and NESTLE with 21.61 points.

On the positive side, OGDC added 53.75 points, PAEL contributed 21.19 points, HUBC gained 20.94 points, PPL added 19.51 points, and DAWH contributed 18.54 points to the index.

In the broader market, the All-Share index closed at 43,469.50, recording a net gain of 15.31 points.

The total market volume was 354.153 million shares, a decrease from the previous session, while the traded value amounted to Rs14.44 billion, indicating a decrease of Rs 3.87 billion.

The trading landscape witnessed 166,104 reported trades involving 351 companies, with 145 closing up, 184 closing down, and 22 remaining unchanged.

Notably, the KSE-100 has experienced a notable gain of 24,150 points, or 58.26 per cent, during the fiscal year.

The ongoing calendar year has also seen a cumulative increase of 3,152 points, equivalent to 5.05 per cent.