KSE-100 ends in red, shedding 681 points

KARACHI: The Pakistan Stock Exchange (PSX) witnessed a notable downturn on Wednesday as its benchmark KSE-100 index closed at 74,836.30 points, marking a decrease of 681.19 points, or 0.9 per cent.

Throughout the trading session, the index fluctuated within a range of 907.21 points, peaking at an intraday high of 75,667.31 points, an increase of 149.82 points from the previous close, and dipping to a low of 74,760.10 points, a decline of 757.39 points.

The total trading volume for the KSE-100 index reached 192.58 million shares. Out of the 100 indexed companies, 20 saw gains, 76 experienced losses, and 4 remained unchanged by the end of the session.

The major sectors pulling the index down included Oil & Gas Exploration Companies, which accounted for a loss of 209.08 points, Commercial Banks (137.91 points), Fertilizer (110.09 points), Cement (63 points), and Technology & Communication (37.65 points).

Conversely, sectors providing some support to the index were Leather & Tanneries, contributing 32.77 points, Chemicals (13.97 points), Miscellaneous sectors (11.56 points), Insurance (7.17 points), and Tobacco (4.88 points).

Among individual companies, the primary contributors to the decline were OGDC, dragging the index down by 89.93 points, PPL (68.25 points), BAHL (63.39 points), FFC (57.46 points), and ENGRO (44.32 points). In contrast, companies like SRVI added 32.77 points, LCI (18.96 points), PSEL (18.41 points), FABL (13.28 points), and MUGHAL (10.95 points) provided some relief to the index.

In the broader market, the All-Share index closed at 48,419.47 points, reflecting a net loss of 490.37 points. The total market volume was 408.07 million shares, a decline from the previous session’s 446.07 million shares.

However, the traded value increased slightly to Rs16.50 billion, up by Rs67.83 million from the previous session.

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