Pakistan’s stock market closes Monday’s session with marginal gains

WEB DESK: On the initial trading day of the week, the KSE-100 Index at the Pakistan Stock Exchange (PSX) exhibited a lateral trend, concluding Monday’s session at 57,077.96, registering a slight increase of 14.80 points, or 0.03 per cent.

Throughout the day, the index fluctuated within a range of 570.87 points, reaching an intraday high of 57,309.27 (+246.11) and a low of 56,738.40 (-324.76) points. The total trading volume for the KSE-100 Index amounted to 314.736 million shares.

PSX Trade Screen – Closing

Among the 100 index companies, 36 saw gains, 42 experienced losses, 1 remained unchanged, and 21 were untraded.

The strength of the KSE-100 index was bolstered by Commercial Banks with 75.93 points, Inv. Banks/Inv. Cos./Securities Cos. with 45.14 points, Pharmaceuticals with 23.9 points, Fertiliser with 23.21 points, and Glass & Ceramics with 21 points.

Contributing positively to the index were DAWH with 46.6 points, UBL with 38.47 points, MEBL with 23.09 points, KEL with 21.78 points, and GHGL with 19.01 points.

Conversely, the KSE-100 Index faced downward pressure from Cement with 97.99 points, Oil & Gas Exploration Companies with 58.77 points, Technology & Communication with 37.54 points, Chemical with 15.8 points, and Engineering with 14.32 points.

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Specific companies that impacted the index negatively included LUCK with 46.93 points, OGDC with 29.16 points, SYS with 28.37 points, ENGRO with 27.34 points, and PPL with 22.49 points. In the broader market, the All-Share index concluded at 38,382.82, witnessing a net gain of 64.27 points.

The total market volume stood at 718.285 million shares, a decrease from the previous session’s 901.597 million shares.

The traded value amounted to Rs16.69 billion, reflecting a decrease of Rs6.74 billion. A total of 227,061 trades were reported across 374 companies, with 199 closing up, 161 closing down, and 14 remaining unchanged.

It’s noteworthy that the KSE-100 has achieved a remarkable gain of 15,625 points, or 37.69 per cent, during the fiscal year.

Moreover, the ongoing calendar year has witnessed a cumulative increase of 16,658 points, equivalent to 41.21 per cent in the KSE-100.