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KSE-100 Index: Pakistan Stock Exchange on Friday 02-06-2023 Performance.

 

During Friday's trading session, the Pakistan Stock Exchange (PSX) experienced a range-bound performance, with the KSE-100 Index posting a modest increase of 0.21%. The index closed at 41,352.99, gaining 86.22 points. However, the market faced a blend of upside and downside pressures, mainly due to economic and political instability. These factors added selling pressure and prevented significant gains. As a result, investors adopted a cautious approach, leading to thin trading volumes.

 

The trading session began with a mixed sentiment, and the market remained volatile throughout the first session. In the second session, there was a brief spike, but overall, the market traded within a narrow range for most of the day, ultimately closing with a marginal gain. The chemical and fertilizer sectors performed well, ending the day in the green, while the chemical and oil sectors closed in the red. On the other hand, the performance of the automobile and banking sectors was mixed.

 

The session as mixed and volatile, with sideways activity observed due to the country's precarious political and economic condition. Although volumes remained flat, the cement sector garnered attention due to a substantial surge in cement dispatch numbers.

 

Sectors such as banking, food and personal care products, and textile composite contributed to pushing the benchmark KSE-100 Index towards the negative zone, resulting in a decrease of 0.15%. The all-share index witnessed a slight decline in volume to 99.55 million from the previous session's 99.95 million, but the value of shares traded increased to Rs3.3 billion compared to Rs2.9 billion.

 

Pakistan International Bulk Terminal emerged as the volume leader with 10.4 million shares, followed by WorldCall Telecom with 9.4 million shares and DG Khan Cement with 8.1 million shares. A total of 296 companies' shares were traded on Friday, with 146 companies experiencing an increase in their stock prices, 120 recording a fall, and 30 remaining unchanged.

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