PSX closing: KSE-100 gains 379 points in first session of new fiscal year

KARACHI: The Pakistan Stock Exchange’s (PSX) benchmark index, the KSE-100, rebounded by 0.48 per cent on Monday, the first trading day of the month and the new fiscal year, rising by 379.37 points.

According to the PSX official website, the KSE-100 closed Monday’s trading session at 78,824, marking a slight improvement from Friday’s closing of 78,444.96. During the session, the index witnessed an intraday high of 79,536.22 points and an intraday low of 78,427.79.

The total volume of shares traded was 163,286,438. Out of the 100 index companies, 46 closed up, 48 closed down, 5 remained unchanged, and 1 remained untraded.

The KSE-100 index was supported by gains in Commercial Banks (+218.41 points), Fertilizer (+67.02 points), Oil & Gas Exploration Companies (+61.69 points), Leather & Tanneries (+40.08 points), and Tobacco (+35.92 points).

Conversely, the index was weighed down by losses in Cement (-39.25 points), Miscellaneous (-18.69 points), Chemical (-16.04 points), Automobile Parts & Accessories (-15.69 points), and Textile Composite (-10.16 points).

Notable contributors to the index’s rise included PPL (+79.54 points), EFERT (+74.03 points), UBL (+44.43 points), SRVI (+40.08 points), and PAKT (+35.92 points). On the other hand, significant detractors were ENGRO (-30.41 points), LUCK (-21.66 points), MARI (-18.25 points), CHCC (-17.07 points), and THALL (-15.69 points).

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