PSX ends day 0.61 per cent lower

KARACHI: On the first trading day of the week, the Pakistan Stock Exchange’s (PSX) benchmark KSE-100 index fell by 0.61 per cent, shedding 465.55 points to close at 75,517.48.

The index experienced an intraday high of 76,187.44 and a low of 75,485.62.

Trading volume for the day reached 195,296,629 shares, according to PSX data. This decline follows last week’s close, where the index ended at 75,983 points.

Out of the 100 companies listed on the KSE-100 index, 25 saw gains, 69 recorded losses, 5 remained unchanged, and 1 did not trade.

Key sectors contributing to the index’s decline included fertiliser (-109.11 points), oil and gas exploration companies (-100.99 points), cement (-68.08 points), power generation and distribution (-65.83 points), and commercial banks (-46.69 points).

Conversely, the Technology & Communication sector added 24.55 points, followed by Leather & Tanneries with 18.05 points, Miscellaneous with 14.05 points, Insurance with 5.15 points, and Tobacco with 3.7 points, providing some support to the index.

Notable companies dragging the index down included Fauji Fertiliser Company (FFC) with a drop of 75.05 points, MCB Bank Limited (MCB) with 51.88 points, Pakistan Petroleum Limited (PPL) with 49.97 points, Oil & Gas Development Company (OGDC) with 44.76 points, and Bank Alfalah Limited (BAFL) with 29.37 points.

On the positive side, companies that contributed to the index included Faysal Bank Limited (FABL) with an addition of 37.92 points, Habib Bank Limited (HBL) with 27.82 points, Systems Limited (SYS) with 27.09 points, Service Industries Limited (SRVI) with 18.05 points, and Pakistan Services Limited (PSEL) with 16.55 points.

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