PSX Last Ring: Furious Bull

Today, the bulls maintained their hold on power on the local exchange, driving daily gains of 437.35 points, or 0.85%, in the benchmark KSE-100 index. At 51,920.27, the index closed at yet another all-time high.

PSX Last Ring: Furious Bull

For the first time since 2017, the Index broke beyond the 52,000 mark during the day, reaching an intraday high of 52,088.71 (+605.78) points.

Notably, this is an addition to the 539.09 point, or 1.06%, gain from yesterday.

The KSE-100 Index had a total volume of 252.19 million shares.

Although some experts believed that the market was anticipating a slight rate drop, the central bank's decision to retain the policy rate yesterday does not appear to have had a negative impact on the market.

Out of the 100 index companies, 13 stayed untraded, 1 was unchanged, 34 finished down, and 54 closed up.

Commercial Banks (168.91), Fertilizer (89.54), Power Generation & Distribution (81.63), Refinery (56.17), and Oil & Gas Exploration Companies (38.19) were the sectors that supported the KSE-100 index.

Businesses that increased their index scores were ENGRO (71.19), HUBC (67.44), UBL (65.55), ILP (28.89), and MCB (24.91).

Technology & Communication (37.73), Chemical (24.25), Cement (21.87), Vehicle Assembler (17.02), and Property (4.68 points) were the lowest scoring categories on the KSE-100 Index.

TRG with 63.54, MTL with 18.93, EPCL with 14.6; CHCC with 12.71; and EFERT with 11.67 points were the companies that pulled the index lower.

With a net gain of 293.01 points, the All-Share index closed at 34,558.22 in the overall market.

The total number of shares traded was 455.332 million, up from 286.622 in the previous session. The traded value was recorded at Rs15.64 billion, indicating a rise of Rs4.19 billion.