PSX 06-Sep-23: KSE100 gains amid FX Open Market strength

September 6, 2023

“The Pakistan stock market remained slightly positive in response to the impressive strength of the Pakistani Rupee (PKR) against the US Dollar (USD) in the open market.

KSE-100 index concluded today’s session at 45,807.58, marking a gain of 316.09 points or 0.69% day-on-day (DoD).

Noteworthy is the significant progress of the PKR in the open market, appreciating by 10 rupees today, resulting in a total gain of 20 rupees in just two days. This development has also led to the PKR exchange rate gap narrowing to below the International Monetary Fund’s (IMF) suggested limit of 1.25%.

During the trading day, the KSE-100 index traded within a range of 393.9 points, reaching an intraday high of 45,854.18 (+362.69) and a low of 45,460.28 (-31.21) points.

The total volume of the KSE-100 Index amounted to 74.243 million shares. Leading contributors to the KSE-100 index’s performance included Commercial Banks with 79.85 points, Oil & Gas Exploration Companies with 59.18 points, Power Generation & Distribution with 46.07 points, Technology & Communication with 28.63 points, and Cement with 26.68 points.

Notable companies that bolstered the index included UBL with 35.88 points, PPL with 24.37 points, KAPCO with 23.47 points, OGDC with 21.51 points, and DAWH with 20.43 points. On the other hand, companies that exerted downward pressure on the index included PAKT with 8.96 points, EFERT with 8.63 points, NML with 7.6 points, LUCK with 5.89 points, and LCI with 4.87 points.

The total market volume reached 139.711 million shares, compared to 123.239 million shares in the previous session, with a traded value of 4.81 billion, reflecting an increase of Rs.1.12 billion.”

	KMI 30	KSE 30	KSE 100	KSE All
Index	76,358	16,204	45,808	30,470
High	76,501	16,225	45,854	30,514
Low	75,576	16,071	45,461	30,325
Point Change	508.10	100.	316.	156.
% Change	0.67%	0.62%	0.69%	0.52%
Volume (mn)	39.	43.	74.	140.
Value (bn)	2.55.	2.89.	3.92.	4.81.
Mkt Cap (Rsbn)	789.81.	1060.74.	1594.09.	6780.92.
Mkt Cap (US$bn)	2.57.	3.46.	5.19.	22.09.

Volume Leaders

	High	Low	Close	Change	Vol (mn)
KAPCO	25.61	22.15	25.61	7.51%	14.23
MLCF	29.52	28.01	29.11	2.64%	12.90
WTL	1.17	1.15	1.16	-0.85%	10.60
DFML	17.62	16.40	17.62	7.50%	7.85
ASC	10.97	10.10	10.58	4.24%	4.37

Top Gainers

	High	Low	Close	Change	Vol (mn)
FPJM	1.45	1.45	1.45	19.83%	–
FECM	3.50	2.70	3.50	15.89%	–
PIM	10.25	8.30	10.25	10.22%	–
CWSM	1.44	1.38	1.42	10.08%	0.01
LEUL	9.89	989.00	9.89	9.89%	–

Top Losers

	High	Low	Close	Change	Vol (mn.)
SEARLR2	1.76	1.50	1.56	-15.22%	2.88
JUBS	4.10	3.80	3.95	-11.63%	0.04
SSML	4.51	4.51	4.51	-10.16%	–
POWERPS	5.50	5.50	5.50	-8.33%	–
ASTM	16.99	16.37	16.37	-7.51%	0.05