Skip to main content

PSX Takes A Respite.

On Thursday, 10th October 2024, the Pakistan Stock Exchange (PSX) saw a volatile trading session. The KSE-100 Index opened with a gain of 74 points and increased by 344 points intraday. However, the index lost 244 points during the session and ultimately closed down by 216 points at 85,453. This follows a minimal gain of 5 points in the previous session. Over the last five trading sessions, the KSE-100 Index is still in a gain if a total of 2,732 points.

Major Gainers Today:

  • PTC (P.T.C.L.) closed at Rs. 14.5, up 10.0%.
  • CPHL (Citi Pharma Ltd) closed at Rs. 44.2, up 10.0%.
  • HUMNL (Hum Network) closed at Rs. 12.3, up 10.0%.
  • TPLP (TPL Properties) closed at Rs. 7.9, up 6.0%.
  • KOHP (Kohinoor Power) closed at Rs. 7.4, up 5.7%.

Major Gainers in Last 5 Trading Sessions:

  • PNSC (P.N.S.C.) closed at Rs. 466.95, up 29.1%.
  • HUMNL (Hum Network) closed at Rs. 12.33, up 24.2%.
  • CPHL (Citi Pharma Ltd) closed at Rs. 44.23, up 21.5%.
  • PTC (P.T.C.L.) closed at Rs. 14.52, up 20.1%.
  • PPL (Pak Petroleum) closed at Rs. 132.25, up 18.7%.

Major Losers Today:

  • OCTOPUS (Octopus Digital) closed at Rs. 89.8, down 10.0%.
  • GAL (Ghandhara Automobile) closed at Rs. 189.8, down 5.9%.
  • NETSOL (Netsol Tech.XD) closed at Rs. 128.2, down 5.1%.
  • NATF (National Foods-XD) closed at Rs. 174.2, down 4.8%.
  • PAKD (Pak DatacomXD) closed at Rs. 68.5, down 4.8%.

Major Losers in Last 5 Trading Sessions:

  • LPL (Lalpir Power) closed at Rs. 15.84, down 16.5%.
  • OCTOPUS (Octopus Digital) closed at Rs. 89.78, down 13.3%.
  • HUBC (Hub Power Co.XD) closed at Rs. 112.73, down 8.8%.
  • GAL (Ghandhara Automobile) closed at Rs. 189.75, down 6.8%.
  • PREMA (At-Tahur Ltd.) closed at Rs. 15, down 4.9%.




Popular posts from this blog

Brent Crude Logs Biggest Weekly Drop Since September on Weak Demand, Easing Tensions

Oil prices were under pressure this week. Brent crude oil futures fell 1.9% to $73 per barrel on Friday, registering the biggest weekly loss since early September, with prices dropping over 7%. The decline was attributed to weaker demand forecasts from OPEC and the International Energy Agency (IEA), slowing economic growth in China, and signs of easing geopolitical tensions in the Middle East. Both OPEC and the IEA revised down their demand forecasts for 2024 and 2025. China's refinery output declined for the sixth consecutive month, impacted by weak fuel demand and the growing adoption of electric vehicles (EVs). Meanwhile, U.S. crude oil production reached a new record last week. Although a drawdown in U.S. crude inventories and stronger-than-expected retail sales in September provided some support to oil prices, easing concerns about a broader conflict in the Middle East exerted additional downward pressure on the market.
 A Snapshot of Exchange Traded Funds at PSX

PSX Strongly Rebounds

The Pakistan Stock Exchange (PSX) reacted positively to the conclusion of the IMF staff-level agreement and has now recovered a substantial part of the losses sustained on Monday. Today, out of the 1,139-point gain in the KSE-100 Index, around 800 points were contributed by UBL, OGDC, PPL, and Meezan Bank.