The benchmark KSE-100 Index close at 46,484.43 points
KARACHI
Pakistan Stock Exchange (PSX) turned bullish again on Thursday, with the benchmark KSE-100 Index gaining 318.93 points (+0.69 percent) to close at 46,484.43 points.
The market opened on a negative note and remained volatile in the first hour. The indices switched between the green and red territories and touched the day’s low within the first 75 minutes of the session. However, later, the market turned around, eroding the day’s losses and gaining over 300 points before the closing.
The market has gained over 2,900 points in the last five sessions. The investors cherished the five-day winning streak of rupee and $2.8 billion of inflows in terms of remittances during March 2022. The rupee has recovered Rs6.49 (+3.45 percent) against the dollar during the last five sessions.
The KSE-100 Index moved in a range of 455.75 points, showing an intraday high of 46,510.11 and a low of 46,054.36 points. Among other indices, the KSE All Share Index gained 166.17 points (+0.53 percent) to close at 31,473.57 points, while KMI All Share Islamic Index gained 154.49 points (+0.68 percent) to close at 22,825.89 points.
A total of 347 companies traded shares in the stock exchange, out of them shares of 205 closed up, shares of 121 closed down while shares of 21 companies remained unchanged. Out of 95 traded companies in the KSE-100 Index, 69 closed up, 24 closed down and two remained unchanged.
The overall market volumes increased by 20.36 million to 494.94 million shares. Total volumes traded for the KSE-100 Index increased by 65.07 million to 211.50 million shares. The number of total trades decreased by 18,289 to 130,689, the value traded decreased by Rs0.67 billion to Rs11.68 billion and the overall market capitalisation increased by Rs43.46 billion.
Among scrips, CNERGY topped the volumes with 99.12 million shares, followed by WTL (36.95 million) and FLYING (33.87 million). Stocks that contributed significantly to the volumes included CNERGY, WT, FLYING, TELE and MLCF, which formed over 45 percent of total volumes.
In terms of rupee, NESTLE remained the top gainer and witnessed an increase of Rs104.99 (+1.93 percent) per share, closing at Rs5,549.99. The runner-up remained AGTL for the second straight day, the share price of which climbed up by Rs31.63 (+7.5 percent) to Rs453.38. BATA remained the top loser in terms of rupee and witnessed a decrease of Rs179.99 (-7.5 percent) per share, closing at Rs2,220.01, followed by COLG, the share price of which declined by Rs97.77 (-4.21 percent) to close at Rs2,222.23 per share.
The sectors taking the index towards the north were fertilizer (76 points), refinery (60 points), cement (59 points), chemical (38 points) and investment banks/ investment companies/ securities companies (18 points). The most points added to the index were by ENGRO (63 points), EPCL (45 points), CNERGY (37 points), MLCF (24 points) and DAWH (14 points).
The sectors taking the index towards the south were commercial banks (17 points), oil & gas exploration companies (15 points) and leather & tanneries (2 points). The most points taken off the index were by COLG (18 points), MEBL (14 points), BAFL (12 points), PPL (8 points) and OGDC (7 points).
Meanwhile, the PSX has revised trading and office timings for the stock market for the rest of the holy month of Ramzan due to revised bank timings announced by the State Bank of Pakistan (SBP) on Wednesday.
According to a notice sent to all TRE certificate holders and concerned, from Monday to Thursday, the pre-open timings would be 09:00am to 09:15am, order matching and confirmation period from 09:15am to 09:17am while the market will open at 09:17am. The stock market closing time would be 1:30pm.
On Friday, the pre-opening, order matching and confirmation period and market opening timing would be the same, but the stock market would close at 12:30pm.
