PSX Closing Bell: Bears Back in Business
The benchmark KSE-100 Index concluded Wednesday’s trading session at 182,569.81, showing a decrease of 1,381.69 points or 0.75%.
The index traded in a range of 2,356.74 points showing an intraday high of 184,726.60 (+775.10) and a low of 182,369.86 (-1,581.64) points.
The total volume of the KSE-100 Index was 444.26 million shares.
Of the 100 index companies 19 closed up, 81 closed down, while 0 were unchanged.
Top losers during the day were PTC (-5.61%), IBFL (-4.81%), YOUW (-4.38%), KOHC (-3.28%), and SHFA (-2.89%).
On the other hand, top gainers were LOTCHEM (+5.16%), ATLH (+3.92%), AKBL (+3.25%), OGDC (+2.94%), and PPL (+2.13%).
In terms of index-point contributions, companies that dragged the index lower were UBL (-300.35pts), MCB (-169.54pts), FFC (-164.04pts), LUCK (-151.06pts), and HUBC (-112.27pts).
Meanwhile, companies that added points to the index were OGDC (+190.53pts), PPL (+116.50pts), AKBL (+55.83pts), MEBL (+38.95pts), and ATLH (+26.69pts).
Sector-wise, KSE-100 Index was let down by Commercial Banks (-576.59pts), Cement (-246.90pts), Fertilizer (-197.30pts), Technology & Communication (-148.75pts), and Power Generation & Distribution (-126.41pts).
While the index was supported by Oil & Gas Exploration Companies (+290.83pts), Chemical (+14.11pts), Cable & Electrical Goods (+12.81pts), Refinery (+7.12pts), and Transport (+4.38pts).
In the broader market, the All-Share Index closed at 109,674.47 with a net loss of 729.71 points or 0.66%.
Total market volume was 1,034.12 million shares compared to 1,037.26m from the previous session while traded value was recorded at Rs65.96 billion showing an increase of Rs3.26bn.
There were 509,331 trades reported in 483 companies with 90 closing up, 352 closing down, and 41 remaining unchanged.
| Symbol | Price | Change % | Volume |
|---|---|---|---|
| KEL | 6.33 | -0.31% | 56,267,055 |
| WTL | 1.74 | -3.87% | 55,670,699 |
| PIBTL | 20.25 | 0.90% | 47,523,993 |
| PACE | 16.44 | -9.97% | 45,362,656 |
| NPL | 96.5 | 7.92% | 42,605,091 |
| NCPL | 70.22 | 9.99% | 36,653,824 |
| LOTCHEM | 31.57 | 5.16% | 36,186,124 |
| BOP | 41.55 | -0.24% | 32,904,724 |
| PAEL | 63.04 | 1.19% | 26,691,881 |
| MDTL | 7.37 | -11.42% | 25,739,287 |
To note, the KSE-100 has gained 56,942 points or 45.33% during the fiscal year, whereas it has increased 8,515 points or 4.89% so far this calendar year.
