PSX ends another day in red

KARACHI: In the latest trading session, the Pakistan Stock Exchange’s (PSX) benchmark KSE-100 index closed at 65,656.62, marking a modest decrease of 69.42 points, or 0.11 per cent.

The index demonstrated a fluctuating trend throughout the day, ranging between an intraday high of 66,150.95 (+424.91) and a low of 65,603.88 (-122.16) points.

KSE-100 PSX closing March 6, 2024

The total trading volume for the KSE-100 index amounted to 191.568 million shares. The market saw an even distribution between advancers and decliners, with 44 companies closing on a positive note and 50 concluding on a negative one.

Additionally, 1 company remained unchanged, while 5 remained untraded.

Several sectors contributed to the decline of the KSE-100 index, notably fertiliser with 69.36 points, technology and communication with 46.56 points, oil and gas exploration companies with 35.32 points, cement with 25.37 points, and chemicals with 12.05 points.

Conversely, the index found support from sectors such as Food & Personal Care Products with 48.35 points, Commercial Banks with 25.54 points, Inv. Banks/IInv. Cos./Securities Cos. with 18.26 points, Oil & Gas Marketing Companies with 16.38 points, and Pharmaceuticals with 10.48 points.

Notable companies influencing the downward trajectory of the index included ENGRO with 45.81 points, MARI with 43.8 points, TRG with 24.34 points, KEL with 15.24 points, and SYS with 14.57 points.

On the positive side, companies like NESTLE with 36.32 points, MCB with 34.71 points, PSO with 17.74 points, DAWH with 15.9 points, and HUBC with 15.21 points contributed to the index’s overall performance.

In the broader market, the All-Share index concluded at 43,454.19, registering a net gain of 30.52 points.

The total market volume reached 419.737 million shares, representing an increase from the previous session, while the traded value amounted to Rs18.30 billion, reflecting a Rs1.70 billion rise.

A total of 200,668 trades were reported across 351 companies, with 163 companies closing higher, 169 closing lower, and 19 remaining unchanged.

It’s noteworthy that the KSE-100 has experienced a significant gain of 24,204 points, or 58.39 per cent, during the fiscal year.

Additionally, the ongoing calendar year has witnessed a cumulative increase of 3,206 points, equivalent to 5.13 per cent.

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