PSX closing: KSE-100 sets new record high despite minor gains

KARACHI: The Pakistan Stock Exchange’s benchmark KSE-100 Index concluded today’s trading session at 80,282.80, marking a marginal increase of 49.13 points or 0.06 per cent.

The index exhibited volatility throughout the day, fluctuating within a range of 753.97 points. It reached an intraday high of 80,888.86 (+655.19 points) and a low of 80,134.89 (-98.78 points).

Trading activity saw the KSE-100 Index volume reach 229.01 million shares on Thursday. Among the 100 index companies, 49 closed higher, 44 lower, while 7 remained unchanged.

Sector-wise, the index received support primarily from Cement (+42.57 points), Commercial Banks (+36.39 points), Oil & Gas Marketing Companies (+26.42 points), Food & Personal Care Products (+15.13 points), and Refinery (+12.83 points).

Conversely, sectors that weighed on the index included Power Generation & Distribution (-41.76 points), Fertilizer (-33.84 points), Oil & Gas Exploration Companies (-31.65 points), Leather & Tanneries (-13.58 points), and Synthetic & Rayon (-5.15 points).

Key contributors to the index’s upward movement were LUCK (+36.26 points), FABL (+33.22 points), MEBL (+29.08 points), NATF (+24.38 points), and POL (+23.61 points). Meanwhile, companies such as HUBC (-46.15 points), PPL (-31.05 points), OGDC (-30.39 points), NBP (-20.75 points), and BAHL (-19.32 points) exerted downward pressure.

In the broader market, the All-Share index closed at 50,864.48, reflecting a net gain of 93.04 points or 0.18 per cent. Total market volume stood at 496.78 million shares, down from 536.58 million in the previous session, with a traded value of Rs19.33 billion, indicating a decrease of Rs3.39 billion.

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