PSX rebounds, closes in green with 122-point gain

KARACHI: The Pakistan Stock Exchange (PSX) observed a positive trend as its benchmark KSE-100 index concluded Tuesday’s trading session at 75,206.77, marking an uptick of 122.77 points or 0.16 per cent.

Throughout the trading day, the index exhibited fluctuations within a range of 524.36 points, reaching an intraday high of 75,482.46 (+398.46) and a low of 74,958.10 (-125.91) points. The trading activity saw a total volume of 159.51 million shares.

Among the 100 index companies, 42 witnessed gains, 53 experienced losses, 4 remained unchanged, while 1 remained untraded. The KSE-100 index found support from sectors such as Commercial Banks (267.12 points), Leather & Tanneries (42.22 points), Power Generation & Distribution (21.09 points), Technology & Communication (13.6 points), and Miscellaneous (8.71 points).

Conversely, the index faced downward pressure from sectors including Oil & Gas Exploration Companies (61.08 points), Inv. Banks / Inv. Cos. / Securities Cos. (53.42 points), Fertilizer (45.54 points), Cement (43 points), and Engineering (21.79 points).

Contributing to the index’s positive momentum were companies such as MEBL (134.4 points), BAHL (52.25 points), UBL (50.65 points), SRVI (42.22 points), and PKGP (23.45 points). On the other hand, companies like DAWH (68.73 points), POL (43.69 points), FFC (32.74 points), THALL (18.75 points), and OGDC (17.45 points) exerted downward pressure on the index.

In the broader market, the All-Share index concluded at 48,760.78, registering a net gain of 114.57 points. The total market volume stood at 462.30 million shares, showing an increase from the previous session, while the traded value amounted to Rs15.87 billion, reflecting a decrease of Rs440.16 million.

A total of 218,944 trades were reported across 381 companies, with 174 closing higher, 184 closing lower, and 23 remaining unchanged.

It’s noteworthy that during the fiscal year, the KSE-100 index has witnessed a remarkable gain of 33,754 points or 81.43 per cent. Additionally, the ongoing calendar year has seen a cumulative increase of 12,756 points, equivalent to 20.43 per cent, signifying positive momentum in the Pakistani stock market.

Read next: PKR loses 9.52 paisa against USD