August 22, 2023 (MLN): The benchmark KSE-100 index concluded the day at 47,417.9 with a slight decline of 30.06 points or 0.06% DoD, displaying a relatively muted performance as the market sentiment retained a cautious tone.
The index traded in a range of 316.04 points showing an intraday high of 47,675.21 (+227.25) and a low of 47,359.17 (-88.79) points.
Total Volume of the KSE100 Index was 73.228 million shares.
Market sentiments remain muted due to political and economic uncertainty in the country.
The Pakistani rupee (PKR) continued to remain under stress and fell to an all-time low of 299 against the US Dollar in today's interbank session.
Of the 100 index companies 31 closed up, 56 closed down, 7 were unchanged while 6 remained untraded.
KSE100 Index was let down by Power Generation & Distribution with 26.4, Fertilizer with 25.52, Cement with 19.02, Commercial Banks with 15.52 and Inv. Banks / Inv. Cos. / Securities Cos. with 14.74 points.
Companies dragging the index lower were BAHL with 22.43, HUBC with 21.06, DAWH with 12.96, FFC with 10.56 and PAKT with 10.38 points.
KSE100 index was supported by Oil & Gas Exploration Companies with 99.72, Oil & Gas Marketing Companies with 15.78, Engineering with 8.05, Miscellaneous with 5.19 and Textile Composite with 4.61 points.
Companies adding points to the index were OGDC with 56.42, PPL with 26.63, MARI with 18.19, BAFL with 13.12 and PSO with 7.1 points.
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In the broader market, the All-Share index closed at 31,531.04 with a net gain of 31.46 points.
Total market volume was 185.754 million shares compared to 211.231 from the previous session while traded value being recorded at 6.22 billion showing a decrease of Rs.0.85 billion.
There was 93,679 trades reported in 313 companies with 141 closing up, 149 closing down and 23 remaining unchanged.
| Company | Volume |
|---|---|
| WTL | 25,867,346 |
| NPL | 16,043,161 |
| OGDC | 13,626,842 |
| DFML | 11,960,953 |
| JSBL | 9,896,500 |
| TPLP | 7,848,424 |
| PPL | 6,484,045 |
| NCPL | 6,221,000 |
| PIBTL | 6,116,500 |
| KEL | 4,430,221 |
On the earnings front, the banking sector's robust performance persists as BankIslami Pakistan Limited (PSX: BIPL) achieved a profit of Rs5.10 billion [EPS: Rs4.60] in the first half of 2023, marking a substantial surge of 3.53x YoY.
BIPL's stock price enjoyed a notable increase of 6.03% today.
KSE-100 Weekly time-frame chart
Copyright Mettis Link News
Posted on:2023-08-22T16:34:25+05:00
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