PSX Closing Bell: A Moment in Time

The benchmark KSE-100 Index increased by 149.19 points, or 0.29%, to settle at 51,177.13 on Wednesday.

PSX Closing Bell: A Moment in Time

Bulls seized the lead once more in today's trading, although the gains were restrained by investors' expectations for the central bank's impending policy rate decision and October's inflation figures, which are scheduled for release next week.

Additionally, market players are keeping a close eye on the International Monetary Fund's (IMF) standby arrangement (SBA), which, should it continue to be successful, will open the door for an installment of $700 million.

The index saw an intraday high of 51,483.85 (+455.91) points and a low of 51,023.31 (-4.63) points, trading in a range of 460.53 points.

The KSE-100 Index had a total volume of 215.696 million shares.

Out of the 100 index companies, 12 were untraded, 3 were unchanged, 47 closed up, and 38 closed down.

Commercial Banks contributed 92.01 points, Technology & Communication contributed 88.78, Cement contributed 66.41, Oil & Gas Marketing Companies contributed 43.84, and Chemical contributed 15.11 points to the KSE-100 index.

SYS with 90.78, BAHL with 87.89, PSO with 44.41, FCCL with 23.81, and DGKC with 15.16 points were the companies that added points to the index.

Fertilizer (47.89), Oil & Gas Exploration Companies (40.15), Automobile Parts & Accessories (9.57), Property (7.56), and Food & Personal Care Products (4.3) were the industries that performed poorly on the KSE-100 Index.

The KSE-100 index lost the most points to FFC after it announced a dividend of Rs3.98 per share, which was less than expected by the industry despite the company's outstanding profitability.

As a result, the businesses that pulled the index down were MARI (26.14 points), EFERT (33.87), ENGRO (32.24), HBL (29.22), and FFC (74.07).

With a net gain of 134.83 points, the All-Share index closed at 34,005.83 in the overall market.

The total number of shares traded was 427.394 million, up from 321.404 in the previous session. The traded value was recorded at Rs15.51 billion, indicating a rise of Rs4.42 billion.

A total of 349 companies reported 175,587 deals, of which 174 ended in a profit, 159 in a loss, and 16 remained unchanged.