Overview
Throughout the entire week, there was a consistent decline in the performance of the Pakistan Stock Market. The KSE 100 index, which began the week at 41,904 points, dropped to 41,301 points by Friday, June 16, 2023. Each day witnessed a continuous decrease, with a total loss of 603 points. The main cause of this downward trend is the non-finalization of the installment of the IMF program. Almost all of the demands of the IMF had already been met, however, IMF has concerns about measures announced in the Federal Budget which is now a hurdle in the materialization of the tranche.
In addition to the above, several other factors are also causing the weak performance of the stock exchange. These include the country’s declining economic condition, political instability eroding investor confidence, devaluation of the Pakistani Rupee, a significant reduction in foreign exchange reserves held by the central bank, decreased foreign remittances and exports, unfavorable conditions for industries and businesses due to import barriers, soaring inflation leading to higher operational costs, and a decrease in the purchasing power of the general population resulting in reduced demand.
The weekly report on the performance of Pakistan Stock Exchange KSE 100 Index for the period from 12th to 16th of June 2023 is tabulated below: –
| KSE 100 Index 12th to 16th June 2023 | |||
| Date | Points | Volume (Millions) | Value PKR (Billions) |
| 12th June | 41,782.93 | 83.27 | 4.51 |
| 13th June | 41,538.72 | 61.68 | 3.36 |
| 14th June | 41,514.45 | 40.59 | 2.36 |
| 15th June | 41,369.17 | 44.87 | 2.56 |
| 16th June | 41,301.3 | 60.08 | 2.81 |
12th June 2023
The KSE 100 Index started with 41,904.21 points and closed at 41,782.93 points at the day’s end after losing 121.28 points. The total trade volume of KSE 100 companies remained 83.27 million shares having a value of PKR 4.51 billion.
Among the top trading companies in terms of volume, BOP remained the volume leader trading 8.52 million shares. The stock closed at PKR 3.6 per share without any change in price DoD.
FABL had a trading volume of 5.65 million shares. The share closed at a price of PKR 20.98 per share losing PKR 1.35 (-6.05%) DoD.
MLCF gained PKR 0.01 (0.04%) in share price, closing at PKR 28.58 per share after trading of 4.59 million shares.
| Top Trading Companies (KSE 100) on 12th June 23 | ||||
| Sr No | Company | Volume (millions) | Closing Price (PKR) | Gain/(Loss) PKR |
| 1 | BOP | 8.52 | 3.6 | 0 |
| 2 | FABL | 5.65 | 20.98 | -1.35 (-6.05%) |
| 3 | MLCF | 4.59 | 28.58 | 0.01 (0.04%) |
KSE ALL Index 12th June 2023
The KSE All Index for the day closed at 28,334.06 points after gaining 80.36 points DoD. The trading volume was 179.10 million shares with a value of PKR 5.57 billion.
KSE 30 Index 12th June 2023
The KSE 30 Index closed at 14,747.16 points losing 56.67 points DoD. The trade volume was 59.53 million shares with a value of PKR 3.54 billion.
13th June 2023
After starting from 41,782.39 points, the KSE 100 index lost 243.67 points during the day and closed at 41,538.72 points. Among the KSE 100 companies, a total trade volume of 61.68 million shares with a value of PKR 3.36 billion was recorded.
BOP remained the volume leader with 8.17 million shares traded during the day. The share closed at a price of PKR 3.65 per share gaining PKR 0.05 (1.39%) DoD.
GATM had a trading volume of 5.72 million shares during the day, closing at a price of PKR 21.89 per share, the stock gained PKR 0.11 (0.51%) per share DoD.
Trade volume for KEL was 3.64 million shares in the day. The share closed at a price of PKR 1.81 per share without any change in price with reference to the previous day.
| Top Trading Companies (KSE 100) on 13th June 23 | ||||
| Sr No | Company | Volume (millions) | Closing Price (PKR) | Gain/(Loss) PKR |
| 1 | BOP | 8.17 | 3.65 | 0.05 (1.39%) |
| 2 | GATM | 5.72 | 21.89 | 0.11 (0.51%) |
| 3 | KEL | 3.64 | 1.81 | 0 |
KSE All Index 13th June 2023
The Index closed at 28,124.35 points after losing 209.71 points DoD. The trading volume for the index during the day remained 144.14 million shares with a value of PKR 4.12 billion.
KSE 30 Index 13th June 2023
The KSE 30 Index closed at 14,670.33 points after losing 76.83 points DoD. The trading volume for the index during the day remained 39,286 million shares with a value of PKR 2.56 billion.
14th June 2023
The KSE 100 index closed at 41,514.45 points after losing 24.27 points DoD. Total 40.59 million shares with a value of PKR 2.36 billion were traded during the day.
SHEL was the top performer in terms of volume during the day with a trade of 4.38 million shares. Closing at a price of PKR 89.17 per share, SHEL gained PKR 6.22 (7.5%) per share DoD.
KEL had a trading volume of 2.25 million shares. The stock closed at a price of PKR 1.79 per share after losing PKR 0.02 (-1.1%) DoD.
Trade volume for HBL was 2.2 million shares. The share gained PKR 0.85 (1.26%) per share and closed at a price of PKR 68.51 per share.
| Top Trading Companies (KSE 100) on 14th June 23 | ||||
| Sr No | Company | Volume (millions) | Closing Price (PKR) | Gain/(Loss) PKR |
| 1 | SHEL | 4.38 | 89.17 | 6.22 (7.5%) |
| 2 | KEL | 2.25 | 1.79 | -0.02 (-1.1 %) |
| 3 | HBL | 2.2 | 68.51 | 0.85 (1.26%) |
KSE All Index 14th June 2023
The KSE All index concluded at a value of 28,093.72 points, experiencing a decrease of 30.63 points compared to the previous day. The total trade volume for all companies listed on the KSE reached 179.5 million shares, with a corresponding trading value of PKR 3.75 million.
KSE 30 Index 14the June 2023
The KSE 30 index closed at 14,653.03 points losing 17.3 points DoD. Total 66.36 million shares with a value of PKR 2.2 billion were traded among the KSE 30 companies during the day.
15th June 2023
The KSE 100 index is showing a downfall since the beginning of this week. The index closed at 41,369.17 points on 15th June 23 losing 145.27 points DoD. The trade volume was 44.87 million shares and the trading value for the day remained PKR 2.56 billion.
CNERGY was the top performer for the day with 4.93 million shares traded. Closing at PKR 3.09 per share, the stock lost PKR 0.1 (-3.13%) in price DoD.
The trading volume for UNITY was 3.95 million shares. The share lost PKR 0.46 (-3.13%) per share and closed at PKR 3.09.
A total of 3.56 million shares for TRG were traded during the day. The closing price was PKR 94.98 per share after losing PKR 0.88 (-0.92%) per share DoD.
| Top Trading Companies (KSE 100) on 15th June 23 | ||||
| Sr No | Company | Volume (millions) | Closing Price (PKR) | Gain/(Loss) PKR |
| 1 | CNERGY | 4.93 | 3.09 | -0.1 (-3.13%) |
| 2 | UNITY | 3.95 | 14.63 | -0.46 (-3.05%) |
| 3 | TRG | 3.56 | 94.98 | -0.88 (-0.92%) |
KSE ALL Index 15th June 2023
The KSE All Index for the day closed at 28,020.37 points after losing 73.35 points DoD. The trading volume was 149.18 million shares with a value of PKR 3.6 billion.
KSE 30 Index 15th June 2023
The KSE 30 Index closed at 14,591.47 points losing 61.56 points DoD. The trade volume was 47.52 million shares with a value of PKR 2.48 billion.
16th June 2023
During the whole week, the stock market witnessed a downward trend. The KSE 100 index closed at 41,301.3 points after losing 67.86 points the previous day. 60.08 million shares were traded during the day with a value of PKR 2.81 billion.
KEL showed the highest trade volume during the day with 17.82 million shares traded. The stock closed at PKR 1.64 after losing 0.11 (-6.29%) in share price DoD.
The trading volume for CNERGY was 5.87 million shares. Closing at a price of PKR 3.03 per share, the stock lost PKR 0.06 (-1.94%) per share to the previous day’s price.
SHEL closed at a price of PKR 103.05 gaining PKR 7.19 (7.5%) DoD. The total trade volume for SHEL was 5.74 million shares.
| Top Trading Companies (KSE 100) on 16th June 23 | ||||
| Sr No | Company | Volume (millions) | Closing Price (PKR) | Gain/(Loss) PKR |
| 1 | KEL | 17.82 | 1.64 | -0.11 (-6.29%) |
| 2 | CNERGY | 5.87 | 3.03 | -0.06 (-1.94%) |
| 3 | SHEL | 5.74 | 103.05 | 7.19 (7.5%) |
KSE ALL Index 16th June 2023
The KSE All Index for the day closed at 27,920.67 points after losing 99.69 points DoD. The trading volume was 156.01 million shares with a value of PKR 3.75 billion.
KSE 30 Index 16th June 2023
The KSE 30 Index closed at 14,541.19 points losing 50.26 points DoD. The trade volume was 44.83 million shares with a value of PKR 2.22 billion.
Weekly Performance of Karachi Stock Exchange All Index (KSE ALL)
The weekly analysis of KSE All is elaborated in the table given below:-
| KSE All 12th to 16th June 2023 | |||
| Date | Points | Volume (Millions) | Value PKR (Billions) |
| 12th June | 28,334.06 | 179.1 | 5.57 |
| 13th June | 28,124.35 | 144.14 | 4.12 |
| 14th June | 28,093.72 | 179.5 | 3.75 |
| 15th June | 28,020.37 | 149.18 | 3.6 |
| 16th June | 27,920.67 | 156.01 | 3.75 |
Weekly Performance of Karachi Stock Exchange 30 (KSE 30 Index)
The performance of the Pakistan Stock Exchange KSE 30 index for the week is given in the following table:-
| KSE 30 Index 12th to 16th June 2023 | |||
| Date | Points | Volume (Millions) | Value PKR (Billions) |
| 12th June | 14,747.16 | 59.53 | 3.54 |
| 13th June | 14,670.33 | 39.29 | 2.56 |
| 14th June | 14,653.03 | 66.36 | 2.2 |
| 15th June | 14,591.47 | 47.52 | 2.48 |
| 16th June | 14,541.19 | 44.83 | 2.22 |
Related Posts
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Performance of the Pakistan Stock Exchange 2nd to 5th May 2023
Stock Exchange Review for the week ended on 23rd June 2023
Disclaimer
The post is for information and educational purposes. The information has been gathered by the team of Fiscal Updates from the direct sources, however, the information in this post may not be used in any legal document. For trading and investment decisions, professional advice may be sought.