PSX turns red with KSE-100 losing over 1,200 points

KARACHI: The Pakistan Stock Exchange (PSX) began the week in the green on Monday as the benchmark KSE-100 index surged by 325.7 points within the first 32 minutes of trading, reaching 115,206.18 compared to the previous week’s close of 114,880.48.

By 09:38 AM, the index had risen by 504.78 points, climbing to 115,385.26, with a trading volume of 7,962,928 shares.

However, the KSE-100 index was unable to sustain its gains and dropped by 492.07 points to 114,388.41 by 11:34 AM, with the volume increasing to 83,483,179 shares.

The downward trend deepened as the index fell further by 1,268.18 points to 113,612.3 around 2:06 PM, with the volume reaching 155,267,951 shares. This decline marked the day’s low until 2:10 PM.

The day’s high occurred at 09:53 AM, when the index was up by 716.39 points, reaching 115,596.87 with a trading volume of 22,184,744 shares.

Among the KSE-100 companies, those trading in the red included:

Pak-Gulf Leasing Company Limited (PGLC) down by 6.65 per cent, or Rs1.39, to Rs19.50

Punjab Oil Mills Limited (POML) down by 6.63 per cent, or Rs10.16, to Rs143.01

Mari Petroleum Company Limited (MARI) down by 5.27 per cent, or Rs30.79, to Rs553.80

National Refinery Limited (NRL) down by 3.74 per cent, or Rs9.78, to Rs252.02

Cnergyico PK Limited (CNERGY) down by 3.11 per cent, or Rs0.24, to Rs7.47

On the other hand, companies seeing gains included:

Pakistan Telecommunication Company Ltd (PTC) up by 4.86 per cent, or Rs1.20, to Rs25.90

Pak Elektron Limited (PAEL) up by 2.88 per cent, or Rs1.19, to Rs42.47

Systems Limited (SYS) up by 2.65 per cent, or Rs15.42, to Rs598.00

HBL Growth Fund (HGFA) up by 2.37 per cent, or Rs0.25, to Rs10.80

Lucky Core Industries Limited (LCI) up by 1.81 per cent, or Rs20.51, to Rs1,151.00

Looking at the broader picture, the KSE-100 index has increased by 77.47 per cent over the past year. However, on a year-to-date (YTD) basis, the stock market is down by 0.88 per cent.

The 52-week range for the KSE-100 has been between 59,191.86 and 118,735.10.

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