Pakistan Stock Exchange Records Positive Trends with Increases in Major IndicesHabib Sugar Mills Ltd. Announces Significant Dividend

Karachi, The Pakistan Stock Exchange (PSE) showcased a positive trend in its latest market report for January 22, 2024, reflecting significant increases in major indices, alongside fluctuations in company performances.

The report indicated a total of 524 companies listed on the main board with a listed paid-up capital of 1,669,727 million. The market capitalisation was noted at 9,361,393,671,271, with a traded volume of 298,699,061 and a traded value of 12,515,231,336. In terms of company performances, 140 companies were listed as advancers, 171 as decliners, and 24 remained neutral out of a total of 335 companies.

In the segment of publicly issued debt securities, there were 13 listed debt securities with a total issue size of 70,000,000,000. For privately placed debt securities, 23 listed debt securities were reported with a significantly higher total issue size of 513,013,300,000. Additionally, the exchange listed 8 open-end mutual funds.

The report detailed the performance of various indices, including KSE-100, KSE-ALL-Shares, KSE-30, KMI-30, BKTi, OGTi, PSX-KMI-All-Shares, PSXDIV20, UPP9, NITPGI, NBPPGI, MZNPI, JSMFI, ACI, JSGBKTI, and HBLTTI. Notably, the KSE-100 index rose from 63,282.23 to 63,939.41, marking a change of 657.18 points or a 1.04% increase. Similarly, the KSE-30 index showed a notable increase of 326.05 points or 1.53%, moving from 21,275.21 to 21,601.26.

The KMI-30 index, tracking the performance of the Karachi Meezan Index, also showed a significant rise from 106,569.45 to 108,352.99, an increase of 1,783.54 points or 1.67%. The Oil and Gas sector index (OGTi) recorded the highest percentage change among the indices, with a 4.75% increase, moving from 16,112.55 to 16,877.10.

Other indices such as the PSXDIV20, UPP9, NITPGI, NBPPGI, MZNPI, JSMFI, ACI, and JSGBKTI also reported positive changes. The HBLTTI index, as of January 19, 2024, showed a marginal increase of 11.39 points or 0.09%.

The overall positive trends in the major indices of the Pakistan Stock Exchange indicate a robust performance for the day, with variances observed across different sectors and indices.

Karachi, Habib Sugar Mills Ltd. declared a 120% final dividend. The company's transfer books will be closed from January 15 to January 24, 2024. The BC-2 start date is set for January 11, with an ex-price date of January 24. The AGM is scheduled for 11:00 AM on the ex-price date in Karachi.