PSX closes with KSE-100 gaining 728 points

KARACHI: The Pakistan Stock Exchange’s (PSX) benchmark KSE-100 index closed Tuesday’s trading session on a positive note, rising by 728.55 points, or 0.92 per cent, to settle at 79,552.88.

The KSE-100 index exhibited a trading range of 761.81 points, peaking at an intraday high of 79,740.35, and hitting a low of 78,978.54.

The total volume of shares traded on the KSE-100 index was 192.80 million. Out of the 100 companies in the index, 67 closed higher, 27 ended lower, 6 remained unchanged, and none remained untraded.

The upward momentum of the KSE-100 index was primarily driven by gains in the Commercial Banks sector, contributing 241.24 points, the Fertilizer sector adding 222.63 points, Oil & Gas Exploration Companies with 75.69 points, Engineering contributing 70.18 points, and Oil & Gas Marketing Companies adding 48.16 points.

Conversely, the sectors that weighed down the index included Textile Composite (-20.84 points), Synthetic & Rayon (-14.85 points), Miscellaneous (-11.48 points), Automobile Parts & Accessories (-11.22 points), and Tobacco (-11.14 points).

Among the top contributors to the index were Fauji Fertilizer Company (FFC) with an addition of 159.27 points, Pakistan Petroleum Limited (PPL) adding 61.67 points, National Bank of Pakistan (NBP) contributing 55.44 points, International Industries Limited (INIL) with 33.31 points, and United Bank Limited (UBL) adding 30.09 points.

On the other hand, the major detractors from the index were Pakistan Services Limited (PSEL) reducing the index by 17.09 points, Ismail Industries Limited (IBFL) by 14.85 points, Mari Petroleum Company Limited (MARI) by 11.87 points, International Industries Limited (ILP) by 11.69 points, and Thal Limited (THALL) by 11.22 points.

This positive performance of the KSE-100 index reflects a robust trading day, with significant contributions from key sectors boosting investor confidence in the market.

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