Performance Summary of KSE 100 Index for the Week 3rd to 7th July 2023
After a period of a slum, the Pakistan Stock Exchange’s performance got a boost on the first working day of the fiscal year 2023-24. The KSE 100 index closed at the year-end with a loss of 0.2% YoY. However, a record-high vibe was observed on the 3rd of July, where the index gained 2,446.32 points in the day closing at 43,899.01 points. The credit is attributed to the new IMF program having a value of US$ 3 billion for a period of 9 months that is yet to be approved by the IMF Executive Board hopefully in the mid of July this year. The development was subsequent to the approval of Finance Act 23 and reforms in the budget that gained the trust of the IMF and leveled the way toward this program.
Market Summary for the Week 3rd to 7th July 2023
| Weekly Summary
KSE 100 Index 3rd to 7th July 2023 |
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| Date | Points | Volume (Millions) | Value PKR (Billions) |
| 3 July | 43,899.01 | 169.58 | 6.85 |
| 4 July | 43,557.02 | 245.52 | 13.73 |
| 5 July | 43,552.84 | 181.24 | 9.84 |
| 6 July | 44,178.85 | 166.23 | 10.99 |
| 7 July | 44,207.31 | 115.73 | 6.95 |
| Weekly Summary
KSE All Index 3rd to 7th July 2023 |
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| Date | Points | Volume (Millions) | Value PKR (Billions) |
| 3 July | 29,516.22 | 381.17 | 8.64 |
| 4 July | 29,227.4 | 418.54 | 15.83 |
| 5 July | 29,198.58 | 342.60 | 11.94 |
| 6 July | 29,532.20 | 295.75 | 12.41 |
| 7 July | 29,547.62 | 246.95 | 8.5 |
| Weekly Summary
KSE 30 Index 3rd to 7th July 2023 |
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| Date | Points | Volume (Millions) | Value PKR (Billions) |
| 3 July | 15,570.22 | 71.53 | 5.21 |
| 4 July | 15,498.96 | 177.85 | 11.85 |
| 5 July | 15,499.23 | 136.61 | 11.94 |
| 6 July | 15,774.43 | 116.71 | 9.24 |
| 7 July | 15,804.47 | 83.65 | 6.27 |
Day-to-Day Performance of the Stock Exchange (3rd to 7th July 2023)
3rd July 2023
The day passed with a skyrocketing market as the KSE 100 index gained record 2,446.32 points in one day, the highest in the past fifteen years. The index closed at 43,899 points with a trading volume of 169.58 million shares worth PKR 6.85 billion.
The KSE All index also gained 1,405 points and closed at 29,516.22 points. Total market trading was 381.17 million shares having a value of PKR 8.64 billion.
The KSE 30 index closed at 15,570.22 points gaining 933.49 points DoD. The total volume was 71.53 million shares with a value of PKR 5.21 billion.
| PSX Indexes as of 3rd July 2023 | |||
| Date | Points | Volume (Millions) | Value PKR (Billions) |
| KSE 100 | 43,899.01 | 169.58 | 6.85 |
| KSE All | 29,516.22 | 381.17 | 8.64 |
| KSE 30 | 15,570.22 | 71.53 | 5.21 |
Top Trading Companies KSE All 3rd July 2023
WTL was the volume leader for the day with a trading of 55 million shares. The share closed at a price of PKR 1.23 gaining PKR 0.14 (12.84%) DoD.
The trading volume for KEL was 30.60 million shares. Closing at PKR 1.96 per share, the stock gained PKR 0.24 (13.95%) over the previous day’s price.
CNERGY had a trading volume of 22.45 million shares. The stock gained PKR 0.34 (11.97%) DoD and closed at PKR 3.18 per share.
| Top Trading Companies (KSE All) on 3rd July 23 | |||
| Company | Volume (millions) | Closing Price (PKR) | Gain/(Loss) PKR |
| WTL | 55 | 1.23 | 0.14 (12.84%) |
| KEL | 30.60 | 1.96 | 0.24 (13.95%) |
| CNERGY | 22.45 | 3.18 | 0.34 (11.97%) |
4th July 2023
After a sudden hike on the 3rd of July, the KSE 100 index lost 332 points on the 4th of July and closed at 43,557 points. The trade volume, however, rose by 76 million shares to 245.52 million shares DoD having a value of PKR 13.73 billion.
The KSE All index closed at 29,227 points with a trading volume of 418.54 million shares worth PKR 15.83 billion.
The trade volume for KSE 30 index was 177.85 million shares worth PKR 11.85 billion. The index closed at 15,498.96 points losing 71 points DoD.
| PSX Indexes as of 4th July 2023 | |||
| Date | Points | Volume (Millions) | Value PKR (Billions) |
| KSE 100 | 43,557.02 | 245.52 | 13.73 |
| KSE All | 29,227.4 | 418.54 | 15.83 |
| KSE 30 | 15,498.96 | 177.85 | 11.85 |
Top Trading Companies (KSE All) on 4th July 23
PRL was on top among the top performers for the day with a trading of 44.18 million shares. The share price gained PKR 0.73 (5.01%) per share closing at PKR 15.31.
Trade volume for CNERGY was 42.41 million shares. Closing at PKR 3.15 per share, the stock lost PKR 0.03 (-0.94%) DoD.
WTL had a trading volume of 26.6 million shares. The share closed at a price of PKR 1.15 per share losing PKR 0.08 (-6.5%) than the previous day.
| Top Trading Companies (KSE All) on 4th July 23 | |||
| Company | Volume (millions) | Closing Price (PKR) | Gain/(Loss) PKR |
| PRL | 44.18 | 15.31 | 0.73 (5.01%) |
| CNERGY | 42.41 | 3.15 | -0.03 (-0.94%) |
| WTL | 26.6 | 1.15 | -0.08 (-6.5%) |
5th July 2023
The market remained consistent on the day and KSE 100 index lost 5 points DoD closing at 43,552.84 points. A total of 181.24 million shares worth PKR 9.84 billion were traded among the KSE 100 companies during the day.
The KSE All closed at 29,198.58 points. The trade volume remained at 342.60 million shares worth PKR 11.94 billion.
The trading activity for KSE 30 index was 136.61 million shares having a value of PKR 11.94. The index closed at 15,499 points.
| PSX Indexes as of 5th July 2023 | |||
| Date | Points | Volume (Millions) | Value PKR (Billions) |
| KSE 100 | 43,552.84 | 181.24 | 9.84 |
| KSE All | 29,198.58 | 342.60 | 11.94 |
| KSE 30 | 15,499.23 | 136.61 | 11.94 |
Top Trading Companies (KSE All) on 5th July 23
PRL was the highest contributor in the PSX on 5th July 23 with a trade volume of 27.32 million shares. The stock closed at PKR 15.75 per share gaining PKR 0.44 (2.87%) DoD.
CNERGY showed activity of 20.47 million shares. The stock closed at PKR 3.18 per share gaining PKR 0.03 (0.95%) DoD.
Trade volume for WTL was 16.69 million shares. The share gained PKR 0.03 (2.61%) DoD and closed at a price of PKR 1.18 per share.
| Top Trading Companies (KSE All) on 5th July 23 | |||
| Company | Volume (millions) | Closing Price (PKR) | Gain/(Loss) PKR |
| PRL | 27.32 | 15.75 | 0.44 (2.87%) |
| CNERGY | 20.47 | 3.18 | 0.03 (0.95%) |
| WTL | 16.69 | 1.18 | 0.03 (2.61%) |
6th July 2023
The market jumped as the KSE 100 index gained 626.02 points closing at 44,128.85 points. The trading volume was 166.23 million shares having a value of PKR 10.99 billion.
The KSE All index also gained 333.62 points, closing at 29,532.20 points with a trading volume of 295.75 million shares worth PKR 12.41 billion.
The KSE 30 index closed at 15,774.43 points, gaining 275.20 points DoD. A total of 116.71 million shares worth PKR 9.24 billion were traded among the KSE 30 companies during the day.
| PSX Indexes as of 6th July 2023 | |||
| Date | Points | Volume (Millions) | Value PKR (Billions) |
| KSE 100 | 44,178.85 | 166.23 | 10.99 |
| KSE All | 29,532.20 | 295.75 | 12.41 |
| KSE 30 | 15,774.43 | 116.71 | 9.24 |
Top Trading Companies (KSE All) on 6th July 23
WTL was the highest-traded company on the Pakistan Stock Exchange on 6th July 23 with a volume of 28.85 million shares. Closing at PKR 1.21 per share, WTL gained PKR 0.03 (2.54%) in price DoD.
PAEL also started improving after a slum. The volume increased to 16.17 million shares. The closing price was recorded at PKR 10.66 per share gaining PKR 0.27 (2.6%) over the previous day’s price.
The trade volume for PPL was 14.13 million shares. The closing price improved by PKR 2.21 (3.4%) per share closing at PKR 67.24.
| Top Trading Companies (KSE All) on 6th July 23 | |||
| Company | Volume (millions) | Closing Price (PKR) | Gain/(Loss) PKR |
| WTL | 28.85 | 1.21 | 0.03 (2.54%) |
| PAEL | 16.17 | 10.66 | 0.27 (2.6%) |
| PPL | 14.13 | 67.24 | 2.21 (3.4%) |
7th July 2023
The Stock Market kept improving, as the KSE 100 index gained 28.46 points over the previous day’s level and closed at 44,207.31 points. A total of 115.73 million shares of KSE 100 companies were traded having a value of PKR 6.95 billion.
The KSE All Index closed at 29,547.62 points gaining 15.42 points DoD. The trade volume was 246.95 million shares worth PKR 8.5 billion.
The KSE 30 Index closed at 15,804.47 points scoring a volume of 83.65 million shares worth PKR 6.27 billion.
| PSX Indexes as of 7th July 2023 | |||
| Date | Points | Volume (Millions) | Value PKR (Billions) |
| KSE 100 | 44,207.31 | 115.73 | 6.95 |
| KSE All | 29,547.62 | 246.95 | 8.5 |
| KSE 30 | 15,804.47 | 83.65 | 6.27 |
Top Trading Companies as of 7th July 2023
WTL was the top performer on the 7th of July 2023 with a volume of 35.84 million shares. The closing price of WTL at the day end was PKR 1.25 gaining PKR 0.04 DoD.
TELE had a volume of 19.88 million shares. Closing at PKR 7.72 per share, the stock gained PKR 0.41 in share price DoD.
TRG scored a volume of 14.65 million shares. The stock gained PKR 6.86 per share and closed at a price of PKR 106.43.
| Top Trading Companies (KSE All) on 7th July 23 | |||
| Company | Volume (millions) | Closing Price (PKR) | Gain/(Loss) PKR |
| WTL | 35.84 | 1.25 | 0.04 (3.31%) |
| TELE | 19.88 | 7.72 | 0.41 (5.61%) |
| TRG | 14.65 | 106.43 | 6.86 (6.89%) |
Conclusion
The Pakistan Stock Exchange performance experienced a significant increase of 2,754 points throughout the week as a result of the approved Budget 2024, which included specific modifications from the initially presented budget, and the positive response from the IMF regarding the bailout program. Starting from 41,452 points at the end of the previous financial year, the market concluded the first working week of FY 2023-24 at 44,202 points. It is anticipated that the KSE 100 index may encounter resistance after the 45,000 level, so investors are advised to exercise caution and secure their gains. Currently, the cement, power, and oil & gas sectors present potential opportunities for investment.
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Disclaimer
The post is for information and educational purposes. The information has been gathered by the team of Fiscal Updates from direct sources, however, the information in this post may not be used as a reference in any legal document. For trading and investment decisions, professional advice may be sought.