Stocks end week with loss of 313 points

#Stocks #week #loss #points

KARACHI: The Pakistan Stock Exchange (PSX) closed a week on a negative note, with a lack of stimuli declining 313 points.

The benchmark KSE-100 index fell 312.77 points, or 0.26 percent, at 119,649.14 points, lower than 119,961.91 points in the final session. The highest index of the day was 120,506.18 points, while the lowest level was recorded at 119,541.15 points.

Arif Habib Limited analyst Ahsan Mahanti said, “Amid the unpleasant economic data about the arrival of the RDA, stocks closed $ 177 million and the surplus of the lower current account for April 12 million for April.

He said that despite the reduction of crude oil prices globally, the uncertainty on the low industrial base tariff, despite the reduction of crude oil prices, claimed from the amended IPP contracts, and the approval of the IMF’s mandated increase in the Grid Levi under the CPP Levy Bill 2025.

The KSE -30 index decreased by 171.83 points or 0.47 percent by 36,773.01 points to 36,601.18 points. Trade shares decreased by 126 million shares to 572.287 million shares by 698.965 million shares. The commercial value was reduced to Rs 29.026 billion to Rs 39.089 billion. Market Capital increased by Rs 14.385 trillion to Rs 14.389 trillion. Of the 465 companies operating in the session, 206 closed in green, 209 in red, and 50 changed.

Topline securities analyst Nabil Aaron said a range of sessions were seen in the exchange as the index traded between its intra -day high +544 points and intra -day -421 points, eventually reached 119,649 (-0.26 % less). “The reduction activity can be lacking the trigger and the priority of investors is to stay residents before the weekend before the weekend,” he said.

The Index from Engroo, Sis, Bahala, UBL and BAFL has high positive partnerships in the Index Economy, as they participated in the +271 points index as a whole. On the other hand, the high -negative contributions to the index came from FFC, Luck, Mari, OGDC, PSO and Effort, as their price lost weight loss on the index index.

Trade price Voice Hub C (Rs 1.24 billion), PSO (Rs 1.21 billion), NML (RS820 million), PAEL (RS817 million) and UBL (RSS756 million rupees) dominated commercial activity.

PIA Holding Company Limited B recorded the highest increase, which increased to Rs 1,132.52 to Rs 12,457.67 per share, after which Khyber Textile Mills Limited increased by Rs 107.59 to Rs 1,183.53. Unilever Pakistan Foods Limited noted a significant reduction, which was reduced by Rs 156.31 to Rs 22,725.50 per share. Nestlé Pakistan Limited followed it, which was reduced from Rs 888.22 to Rs 7,091.78 per share.

In the second half, investors’ interest in the engineering sector was observed, where heavy imports have been largely successful on the news that the Prime Minister directed the abolition of additional customs duty (ACD) on Friday, which is currently from 2.0 % to 7.0 %, from 90 %, and from 90 % to 90 %. The Prime Minister also approved the proposal to cap for a maximum of 15 %. Currently, CD can exceed 100 % on some items.

Eight-Limited remained the volume leader with 44.633 million shares, closing at a maximum of Rs 49.83 per share. With 32.290 million shares, Kanirgiko PKK followed it, which closed at least 17 bucks for at least Rs 7.68.

The other major business include lots chemicals, Pak Refinery, K Electric Limited, Pak Electron, World Calle Telecom, Military Foods Limited, PTCL, and SUI South Gas. In the futures market, 318 companies recorded trade, of which 138 increased, 175 declined and 5 did not change.