Karachi, On January 19, 2024, the Bonds sector at the Pakistan Stock Exchange (PSE) remained inactive, with no trading activity reported. The sector had a market capitalization of zero, and there were no shares traded, resulting in a turnover and traded value of zero. Both the pre-index and the current index remained at zero, indicating no change in market capitalization for this sector.

Karachi, The Pakistan Stock Exchange (PSE) exhibited fluctuating performance over the last six months, marked by changes in listed capital, market capitalization, turnover of shares, and indices.

In July, the listed capital stood at 7,231,764.255 million Rupees, with a market capitalization of 7,984.831 million Rupees. The turnover of shares in the ready market was 2,501.287 million, while future contracts amounted to 48,034.600 million. The KSE 100 Index, with a base of 1000, was at 32,027.290, and the KSE All Share Index stood at similar levels.

August saw a decrease in listed capital to 6,715,880.490 million Rupees and a drop in market capitalization to 6,814.516 million Rupees. The turnover of shares in the ready market slightly increased to 2,511.124 million, while future contracts decreased to 45,002.420 million. The KSE 100 Index fell to 30,041.970, along with a decrease in the KSE All Share Index.

September's data revealed an increase in listed capital to 6,885,570.255 million Rupees but a significant decrease in market capitalization to 3,447.734 million Rupees. The turnover of shares reduced to 1,621.924 million in the ready market, and future contracts stood at 46,232.590 million. The KSE 100 Index increased to 31,158.710, and the KSE All Share Index showed a similar trend.

In October, the listed capital increased considerably to 7,551,772.884 million Rupees, with market capitalization jumping to 8,404.818 million Rupees. The turnover of shares in the ready market was 2,531.777 million, and future contracts increased to 51,920.270 million. The KSE 100 Index rose to 34,558.220, and the KSE All Share Index also increased.

November saw a further increase in listed capital to 8,729,523.266 million Rupees and a significant rise in market capitalization to 14,056.434 million Rupees. The turnover of shares in the ready market was 3,686.656 million, while future contracts reached 60,531.270 million. The KSE 100 Index escalated to 40,324.280, along with the KSE All Share Index.

December marked the highest listed capital for the six-month period at 9,062,902.809 million Rupees and the highest market capitalization at 21,165.662 million Rupees. The turnover of shares in the ready market peaked at 5,347.305 million, and future contracts reached 62,451.040 million. The KSE 100 Index was at its highest at 41,916.270, with the KSE All Share Index following suit.

Karachi, The Pakistan Stock Exchange (PSE) on January 19, 2024, witnessed a mix of highs and lows across various indices and significant turnovers among top companies. The KSE30 index closed at 21,275.21, marking a slight increase from the previous 21,240.42, while the KSE100 index rose marginally to 63,282.23 from 63,202.40. Other indices like KSEALLSHR, KMI30, KMIALLSHR, BKTI, and OGTI also showed similar trends.

In the READY MARKET segment, K-Electric Ltd. showed significant activity with a closing rate of 5.44, slightly lower than its previous rate of 5.47. It witnessed the highest turnover with 49,814,334 shares. P.I.A.C. (A) closed at 12.04, up from 11.56, with a turnover of 43,353,500. P.T.C.L. closed lower at 13.83 from a previous rate of 14.26, with a turnover of 14,161,766. WorldCall Telecom remained steady at 1.32 with a turnover of 10,549,124 shares.

Other notable companies included Hascol Petrol, closing at 7.85 down from 8.15, Pak Int.Bulk closing at 6.80 from a previous 6.97, Air Link Commun closing at 54.09 from 53.94, Cnergyico PK closing at 4.44 down from 4.46, Lotte Chemical closing at 21.54 from 22.38, and Treet Corp closing at 18.54 from 19.41.

Mari Petroleum Company Limited was among the companies reflecting an increase in rates, closing at 2,375.37, up by 26.19. On the other hand, Sapphire Fibres Limited showed a significant decrease, closing at 1,600.00, down by 63.14. Honda Atlas Cars (Pakistan) Limited and Bata Pakistan Limited also witnessed decreases in their rates, closing at 274.59 (down by 15.35) and 1,705.05 (down by 35.06), respectively.

Karachi, The Pakistan Stock Exchange (PSX) has announced the continuation of the suspension of trading in the ordinary and preference shares of M/s. Chenab Limited. This decision follows PSX Notice No.PSX/N-1177 dated November 20, 2023, and is attributed to the company's failure to comply with specific regulatory requirements.

Chenab Limited has not yet addressed the causes leading to the initial suspension of its shares. These include the failure to hold Annual General Meetings, the non-submission of Annual Audited Financial Statements, and the Non-payment of dues to the Exchange. As per the PSX regulations, specifically Clause 5.11.1.(c)(d)(e), these non-compliances have prompted the Exchange to extend the suspension.

The trading in the shares of Chenab Limited will remain suspended until the company rectifies the causes of suspension. The PSX has set a tentative period for this suspension, extending it for an additional 60 days, effective from January 20, 2024.

This decision to continue the suspension was made under the authority granted by Sub-Section (7) of Section 19 of the Securities Act, 2015, and Clause 5.11 of the PSX Regulations. The Exchange exercises these powers to ensure compliance with regulatory standards and to maintain the integrity of the trading environment.