PSX closes week at new record high of 75,342

KARACHI: Pakistan Stock Exchange’s (PSX) leading indicator, the KSE-100 index, concluded Friday’s trading session on a high note, achieving a new pinnacle at 75,342.35, marking a noteworthy uptick of 411.65 points or 0.55 per cent.

Maintaining its positive trajectory throughout the day, the index exhibited an intraday zenith of 75,401.12, registering a surge of 470.42 points, while its nadir stood at 74,947.71, marking a modest ascent of 17.02 points.

Trading activity remained robust with the total volume of the KSE-100 index reaching 188.72 million shares.

Among the 100 index companies, 68 experienced gains, 30 faced losses, while 2 remained unchanged, underscoring the market’s mixed performance.

Key contributors to the KSE-100 index’s buoyancy included the sectors of Fertilizer (86.49 points), Inv. Banks / Inv. Cos. / Securities Cos. (78.82 points), Power Generation & Distribution (63.89 points), Automobile Parts & Accessories (38.85 points), and Pharmaceuticals (34.08 points).

Conversely, sectors such as Commercial Banks (37.31 points), Leather & Tanneries (17.59 points), Insurance (3.12 points), Tobacco (2.69 points), and Transport (1.02 points) exerted downward pressure on the index.

Noteworthy gainers contributing positively to the index comprised DAWH (82.03 points), HUBC (43.04 points), THALL (38.85 points), EFERT (33.66 points), and FFC (26.72 points).

Conversely, companies such as SRVI (17.59 points), LUCK (14.72 points), MCB (10.43 points), MEBL (9.83 points), and HBL (9.71 points) detracted from the index’s performance.

In the broader market, the All-Share index concluded at 48,769.46, marking a net increase of 232.52 points.

Total market volume saw a notable uptick, reaching 496.70 million shares, compared to 407.63 million shares in the preceding session, accompanied by a surge in traded value, which amounted to Rs17.63 billion, reflecting an increase of Rs649.78 million.

Trading activity was brisk, with 224,335 trades reported across 384 companies. Among these, 212 experienced gains, 151 incurred losses, while 21 remained unchanged, illustrating the diverse dynamics at play within the market.

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