PSX Closing Bell: Heart of the Economy
During a tumultuous session on Monday, the share market swung both ways, alternating between gains and losses.
![PSX Closing Bell: Heart of the Economy](https://karobartv.online/uploads/images/202310/image_750x_651ef648c0a96.jpg)
The benchmark KSE-100 index increased by 0.48%, or 228.23 points, from the previous close to close at 47,721.8.
It should be noted that the KSE-100 saw a rise of 1,260.98 points, or 2.73%, the week before.
The Pakistani Rupee (PKR), which strengthened against the US Dollar (USD) for the 23rd straight session, is still a major factor supporting the local market.
The index saw an intraday high of 47,775.73 (+282.16) and a low of 47,217.74 (-275.83) points, trading within a range of 557.99 points.
The KSE-100 Index had a total volume of 116.346 million shares.
Of the 100 index firms, 38 had a positive closing, 52 had a negative one, 3 had no change, and 7 had no transaction.
Commercial Banks contributed 88.81 points, Power Generation & Distribution contributed 78.28, Fertilizer contributed 66.14, Oil & Gas Exploration Companies contributed 18.88 points, and Cement contributed 18.19 points to the KSE-100 index.
HUBC with 72.24, FFC with 49.93, BAHL with 40.65, UBL with 33.8, and MCB with 25.74 points were the companies that added points to the index.
Inv. Banks / Inv. Cos. / Securities Cos. received 19.99 points, Technology & Communication received 17.46, Chemical received 15.88, Engineering received 8.44, and Glass & Ceramics received 5.76 points, all of which disappointed the KSE-100 Index.
HBL with 20.29, DAWH with 18.18, COLG with 11.3, TRG with 7.86, and OGDC with 7.11 points were the companies that pulled the index lower.
The All-Share index closed at 31,890.57 in the overall market, indicating a gain of 57.71 points.
The total number of shares traded was 233.661 million, down from 246.382 in the previous session. The traded value was recorded at Rs7.08 billion, indicating a decline of Rs0.11 billion.
A total of 332 entities reported 113,405 deals, of which 150 ended in a profit, 166 in a loss, and 16 remained unchanged.
In summary, the KSE-100 increased by 6,269 points, or 15.12%, during the course of the fiscal year. In contrast, the KSE-100 increased by 7,301 points, or 18.06%, over the course of the current calendar year.