Close of PSX: Hard to Stop, Choosing not to Stop

The benchmark KSE-100 index closed the day at another record high of 54,261.43, up 525.70 points or 0.98%.

It should be noted that yesterday saw a pullback in the index, with losses of up to 600 points from intraday highs.

The index saw an intraday high of 54,419.65 (+683.92) and a low of 53,720.46 (-15.27) points, trading in a range of 699.19 points.

The KSE-100 Index had a total volume of 259.131 million shares.

Out of the 100 index businesses, 4 remained unchanged, 21 closed down, and 75 closed up.

Commercial Banks contributed 186.16 points, Power Generation & Distribution contributed 69.94, Fertilizer contributed 65.37, Oil & Gas Exploration Companies contributed 55.71, and Cement contributed 51.76 points to the KSE-100 index.

HUBC with 51.02, ENGRO with 46.44, MEBL with 40.72, HBL with 35.93, and MTL with 33.65 points were the companies that added points to the index.

Technology & Communication (14.91), Cable & Electrical Goods (4.67), Pharmaceuticals (2.8), Transport (0.73), and Automobile Parts & Accessories (0.25) were the KSE-100 Index low performers.

Businesses with lower index scores were TRG (23.26), INDU (24.52), PAEL (4.67), ILP (4.25), and ABOT (3.44).

With a net gain of 335.30 points, the All-Share index closed at 36,146.66 in the overall market.

At this juncture, the All-Share index is also getting close to closing at its all-time high of 36,240 points.

The total number of shares traded was 482.745 million, up from 506.075 in the previous session. The traded value was recorded at Rs20.13 billion, indicating a rise of Rs1.87 billion.

Notably, since November 30, 2021, this was the biggest traded volume ever recorded.

A total of 371 businesses reported 177,033 trades, of which 233 ended in gains, 116 in losses, and 22 in unchanged positions.