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PSX Keeps Gaining Despite Foreign Selling

On Friday, 4th October 2024, the Pakistan Stock Exchange (PSX) experienced another day of positive momentum. The KSE-100 Index opened up by 83 points, briefly lost 127 points, but then surged ahead, gaining 884 points and closing with a strong net gain of 810 points at 83,532.

This follows the previous day's gain of 755 points. Over the past five trading sessions, the KSE-100 Index has accumulated a total of 2,240 points. Year to date, the index has surged by 34%, reflecting strong market performance in 2024.

Despite a brief pause in foreign fund selling yesterday, today 'foreign corporates' were net sellers of over $7 million. Mutual funds were the primary buyers, limiting gains to heavyweight index stocks.

Major Gainers Today:

  • AIRLINK (Air Link Communication): PKR 143.0 ▲ 6.4%
  • PPL (Pak Petroleum): PKR 118.6 ▲ 6.4%
  • PSO (Pakistan State Oil): PKR 176.6 ▲ 4.9%
  • NRSL (Nimir Resins): PKR 22.1 ▲ 4.8%
  • SAIF (Saif Textile): PKR 11.3 ▲ 4.1%

Major Gainers in the Last 5 Trading Sessions:

  • NCL (Nishat (Chun.)): PKR 28.31 ▲ 20.3%
  • AGL (Agritech Limited): PKR 38.22 ▲ 15.4%
  • CSAP (Crescent Steel): PKR 89.03 ▲ 13.4%
  • AIRLINK (Air Link Communication): PKR 142.95 ▲ 13.2%
  • NCPL (Nishat ChunPower): PKR 28.72 ▲ 11.6%

Major Losers Today:

  • LPL (Lalpir Power): PKR 18.1 ▼ 4.6%
  • IBLHL (IBL HealthCare): PKR 26.7 ▼ 4.2%
  • GATI (Gatron Industries): PKR 181.6 ▼ 3.4%
  • GAL (Ghandhara Automobiles): PKR 197.6 ▼ 3.0%
  • OBOY (Oilboy Energy): PKR 6.1 ▼ 2.7%

Major Losers in the Last 5 Trading Sessions:

  • TPL (TPL Corp Ltd): PKR 4.22 ▼ 15.3%
  • GVGL (Ghani Value Glass): PKR 38.59 ▼ 14.1%
  • GAL (Ghandhara Automobiles): PKR 197.61 ▼ 13.3%
  • TRG (TRG Pakistan Ltd): PKR 46.05 ▼ 12.9%
  • IBLHL (IBL HealthCare): PKR 26.71 ▼ 12.8%



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