PSX Closing Bell: Flip the Blade

The KSE-100 index began trading in the local equity market by declining toward the prior yearly highs at roughly 49,400. This was followed by a robust rebound towards 49,740.97, which marked the high for the day.

PSX Closing Bell: Flip the Blade

But because of a precipitous decline in the value of the Pakistani rupee, which had been historically strong versus the US dollar, the market witnessed increased profit-taking as well as tempered attitudes.

At 49,431.48, the KSE-100 index finished the trading session lower by 99.54 points, or 0.2% DoD.

The index had an intraday high of 49,740.98 (+209.97) points and a low of 49,383.72 (-147.30) points, trading within a range of 357.26 points.

The KSE-100 Index had a total volume of 157.192 million shares.

Out of the 100 index companies, 8 stayed untraded, 1 was unchanged, 30 closed up, and 61 closed down.

Power Generation & Distribution (49.28), Cement (38.62), Oil & Gas Exploration Companies (23.82), Textile Composite (14.95), and Fertilizer (13.74) were the KSE-100 Index's worst sectors.

Businesses that pulled the index down were HBL (15.02 points), MLCF (16.1), OGDC (27.65), HUBC (44.01), and BAFL (16.05).

Commercial banks contributed 27.09 points, automobile assemblers 12.21, technology and communication 10.7, chemicals 8.71, and pharmaceuticals 6.55 points to the KSE-100 index.

UBL with 33.23, MEBL with 18.13, MCB with 14.81, MTL with 13.36, and SYS with 12.49 points were the companies that added points to the index.

The All-Share index ended the day at 33,050.88, down 57.54 points on the overall market.

The traded value was recorded at Rs8.82 billion, indicating a loss of Rs1.58 billion, while the total market volume was 332.607 million shares, down from 368.341 in the previous session.

345 businesses reported 141,386 trades, of which 139 closed up, 185 closed down, and 21 remained unchanged.

In summary, the KSE-100 increased by 7,979 points, or 19.25%, over the course of the fiscal year. In contrast, the KSE-100 increased cumulatively by 9,011 points, or 22.29%, over the current calendar year.