Pakistan Stock Exchange Witnesses Upward Movement in Key Indices

Karachi: The Pakistan Stock Exchange (PSE) observed a positive shift in market indices with the KSE-30 and KSE-100 witnessing an increase as reported on November 8, 2023. The KSE-30 index saw a rise of 192.01 points, closing at 18,182.10, while the KSE-100 index gained 525.70 points, ending at 54,261.43. This uptick reflects a percentage increase of 1.07% and 0.98% in the respective indices. Additionally, the KSE-All Share index increased by 335.30 points, the KMI-30 index by 951.54 points, and the PSX-KMI index closed higher by 245.58 points.

Turnover on the day reached a significant total of 482,744,893 shares, though this marked a decrease from the previous day's figure of 506,075,439 shares. Similarly, the trading value for the day stood at Rs. 20,129,155,629, compared to Rs. 18,259,489,315 the day before.

Among companies reflecting significant turnover, Pak Refinery led the list, followed by Cnergyico PK, Hum Network, K-Electric Ltd., and Kohinoor Spinning. These companies showed notable activity, with Pak Refinery closing at 22.68 after a high of 22.84 and a low of 21.15.

Furthermore, Unilever FoodsXD and Pak Suzuki topped the list of companies with the highest increase in their rates, with Unilever FoodsXD closing at a staggering 23,400.00 after an increase of 1,179.00. Conversely, Sapphire Tex and Indus Motor CoXD experienced the highest decrease in their rates, with Sapphire Tex closing at 1,101.01, down by 88.49.

In the futures market, turnover was recorded at 98,530,500, with 204 contracts closing higher and 105 closing lower. Notable future contracts included PRL-NOV and CNERGY-NOV, with PRL-NOV closing at 22.89 after a high of 23.10 and CNERGY-NOV closing at 4.34 after reaching a high of 4.40.