Market Recap: PSX Closes Marginally Lower
Among the 100 index companies, 35 experienced gains, 57 faced losses, 3 remained unchanged, while 5 did not see any trading activity.
Karobar
In spite of a promising start, persistent selling pressure defined today's trading session, concluding with the benchmark KSE-100 index at 64,170.58, a modest decline of 66.45 points or 0.1%.
Throughout the day, the index oscillated within a range of 908.13 points, reaching an intraday high of 64,786.35 (+549.33) and a low of 63,878.22 (-358.81) points.
The KSE-100 index witnessed a total trading volume of 253.614 million shares.
Sectors exerting downward pressure on the KSE-100 index included Technology & Communication (-39.33), Cement (-24.27), Oil & Gas Exploration Companies (-21.47), Miscellaneous (-19.26), and Commercial Banks (-18.45).
Conversely, upward support came from Fertilizer (65.59), Automobile Assembler (15.29), Inv. Banks / Inv. Cos. / Securities Cos. (11.93), Food & Personal Care Products (7.73), and Cable & Electrical Goods (7.68).
Noteworthy contributors to the index's decline were SYS (-20.92), PSEL (-20.74), MEBL (-18.93), OGDC (-17.07), and HBL (-13.92).
On the positive side, companies such as EFERT (35.08), ENGRO (34.35), BAHL (27.02), INDU (22.61), and NATF (12.8) added points to the index.
Of particular interest, EFERT and ENGRO emerged as significant contributors, coinciding with Topline Securities reaffirming Engro's buy rating in a recent report.
In the broader market, the All-Share index concluded at 43,134.62, reflecting a net gain of 18.28 points.
Total market volume reached 448.991 million shares, slightly lower than the previous session, with a traded value of Rs12.28 billion, indicating a decrease of Rs0.46 billion.
A total of 177,100 trades were reported across 349 companies, with 139 companies witnessing gains, 186 facing losses, and 24 remaining unchanged.
KEL garnered attention amid recent developments within the company.
It is noteworthy that during the fiscal year, the KSE-100 has seen a robust gain of 22,718 points or 54.8%, while the ongoing calendar year has witnessed a cumulative increase of 1,720 points, equivalent to 2.75%.
