Closing Bell for PSX: Achieving the Ultimate

Yesterday's auction results, which shown record-high participation in 12-month MTBs once again, confirmed the market's forecasts of an interest rate peak.

In the meantime, Pakistan is prepared to meet with the IMF delegation today without fear of impending criticism from the organization because nearly all of the requirements outlined by the fund have been met.

Investors are therefore still hopeful about a positive IMF evaluation, which would open the door for a $700 million tranche if it is approved.

With an intraday high of 52,706.01 (+363.37) and a low of 52,239.59 (-103.05) points, the index moved in a range of 466.42 points.

The KSE-100 Index had a total volume of 182.993 million shares.

Out of the 100 index companies, 13 stayed untraded, 1 was unchanged, 34 finished down, and 52 closed up.

Cement (103.97 points), Fertilizer (65.96 points), Power Generation & Distribution (51.67 points), Textile Composite (48.45 points), and Paper & Board (33.51 points) all supported the KSE-100 index.

HUBC with 52.51, ILP with 33.53, FFC with 28.74, HBL with 27.97, and LUCK with 53.39 were the companies that added points to the index.

Commercial Banks with 26.06, Investment Banks / Investment Companies / Securities Companies with 13.25, Oil & Gas Marketing Companies with 11.2 and Refinery with 6.64, as well as Technology & Communication with 4.9 points, were the worst sectors in the KSE-100 Index.

Businesses with lower index scores were MEBL (24.97), MCB (18.9), DAWH (14.55), SYS (10.91), and UBL (7.93).

With a net gain of 242.13 points, the All-Share index closed at 35,061.51 in the overall market.

The traded value was recorded at Rs14.58 billion, indicating a decline of Rs1.93bn, while the total market volume was 475.086 million shares, down from 526.463 from the previous session.

A total of 349 businesses reported 186,232 trades, of which 192 closed up, 132 down, and 25 remained unchanged.