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PSX Closing Bell: Close Quarters

PSX Closing Bell: Close Quarters

September 27, 2023 (MLN): The Pakistan Stock Exchange (PSX) traded sideways for the third day in a row, with no major catalysts in sight as investors waited for a clear direction.

KSE-100 index, the key benchmark for PSX, ended Wednesday’s trading session at 46,365.04 showing an increase of 87.38 points or 0.19%.

The index traded in a range of 210.22 points showing an intraday high of 46,448.34 (+170.68) and a low of 46,238.12 (-39.54) points.

The total volume of the KSE-100 Index was 91.939 million shares.

Of the 100 index companies 60 closed up, 28 closed down, 6 were unchanged, while 6 remained untraded.

KSE-100 index was supported by Oil & Gas Exploration Companies with 69.66, Cement with 36.35, Fertilizer with 32.88, Oil & Gas Marketing Companies with 24.61, and Power Generation & Distribution with 10.96 points.

Companies adding points to the index were OGDC with 33.89, PPL with 28.91, FFC with 23.02, PSO with 15.79, and EFERT with 13.01 points.

KSE-100 Index was let down by Commercial Banks with 55.65, Technology & Communication with 28.25, Miscellaneous with 15.12, Inv. Banks / Inv. Cos. / Securities Cos. with 6.57, and Refinery with 4.2 points.

Companies dragging the index lower were SYS with 38.91, HBL with 37.53, UBL with 25.44, PSEL with 16.81 and MCB with 12.57 points.

In the broader market, the All-Share index closed at 31,250.00 with a net gain of 125.49 points.

Total market volume was 177.497 million shares compared to 259.047 from the previous session while traded value being recorded at Rs6.93 billion showing an increase of Rs0.24bn.

There were 110,360 trades reported in 322 companies with 171 closing up, 122 closing down and 29 remaining unchanged.

Company Volume

Top Ten by Volume

MLCF 11,085,943
PPL 9,115,995
WTL 7,096,855
PIAA 6,933,000
OGDC 6,830,288
DFML 6,537,980
BIPL 6,477,203
BOP 6,308,530
SNGP 5,152,021
PAEL 4,042,756

To note, the KSE-100 has gained 4,912 points or 11.85% during the fiscal year, whereas the ongoing calendar year has witnessed a cumulative increase of 5,945 points, equivalent to 14.71% in the KSE-100.

KSE-100 Historical Performance

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Posted on: 2023-09-27T16:21:45+05:00