The Pakistan Stock Exchange observed another prime week that ended on the 4th of August 2023. With a remarkable performance, the KSE 100 index gained 1238.72 points over the week and reached the level of 48,585.72 points at the closing hour after touching 48.764.55 points on the 2nd of August 2023. The overview of the performance of the KSE 100 index, KSE All Share index, and the KSE 30 index, is given in the following tables.
|
Weekly Summary KSE 100 Index 31st July to 04th Aug 2023 |
|||
| Date | Points | Volume (Millions) | Gain/(Loss) Points |
| 31st July | 48,034.6 | 315.68 | 957.6 |
| 1st Aug | 48,230.51 | 274.24 | 195.91 |
| 2nd Aug | 48,764.55 | 365.63 | 534.05 |
| 3rd Aug | 48,611.18 | 289.33 | -153.36 |
| 4th Aug | 48,585.72 | 210.4 | -25.46 |
|
Weekly Summary KSE All Index 31st July to 04th Aug 2023 |
|||
| Date | Points | Volume (Millions) | Gain/(Loss) Points |
| 31st July | 32,027.29 | 491.19 | 586.15 |
| 1st Aug | 32,148.8 | 553.63 | 121.51 |
| 2nd Aug | 32,502.45 | 555.55 | 353.65 |
| 3rd Aug | 32,302.2 | 523.19 | -200.24 |
| 4th Aug | 32,317.47 | 330.99 | 15.27 |
|
Weekly Summary KSE 30 Index 31st July to 04th Aug 2023 |
|||
| Date | Points | Volume (Millions) | Gain/(Loss) Points |
| 31st July | 17,196.56 | 161.97 | 387.88 |
| 1st Aug | 17,259.9 | 151.28 | 121.51 |
| 2nd Aug | 17,479.59 | 195.91 | 219.7 |
| 3rd Aug | 17,381.2 | 167.56 | -98.39 |
| 4th Aug | 17,370.14 | 121.4 | -11.05 |
PSX Performance on Day to Day Basis (31st July to 04th Aug 2023)
The PSX performance on a daily basis for the week from 31st of July to 4th of August 2023 is elaborated below:-
31st July 2023
The KSE 100 index gained 957.6 points on 31st of July 23 and closed at 48,034.6 points. The trade volume for KSE 100 companies was 315.68 million for the day worth PKR 134.08 billion.
The KSE All index also improved and gained 586.15 points DoD. Total of 491.19 million shares were traded during the day having a value of PKR 17.88 billion.
The KSE 30 index closed at 17.196.56 points gaining 387.88 points DoD, with a trade volume of 161.97 million shares worth PKR 13.19 billion.
|
PSX Indexes as of 31st July to 04th Aug 2023 |
|||
| Date | Points | Volume (Millions) | Gain/(Loss) Points |
| KSE 100 | 48,034.6 | 315.68 | 957.6 |
| KSE All | 32,027.29 | 491.19 | 586.15 |
| KSE 30 | 17,196.56 | 161.97 | 387.88 |
Top Trading Companies KSE All 31st July 2023
On the 27th of July, WorldCall Telecom Limited was the top contributor in volume with 49.34 million shares traded. The closing price for WTL was PKR 1.36 losing PKR 0.03 (-2.16%) per share DoD.
K-Electric Limited followed with a volume of 39.45 million shares. The share price of KEL gained PKR 0.12 (5.22%) per share DoD and closed at PKR 2.42.
The trading volume for CNERGY was 32.41 million shares. The share price closed at PKR 3.48 gaining PKR 0.13 (3.88%) DoD.
| Top Trading Companies (KSE All) on 31st July 23 | |||
| Company | Volume (millions) | Closing Price (PKR) | Gain/(Loss) PKR |
| WTL | 49.34 | 1.36 | -0.03 (-2.16%) |
| KEL | 39.45 | 2.42 | 0.12 (5.22%) |
| CNERGY | 32.41 | 3.48 | 0.13 (3.88%) |
1st August 2023
On the 1st of August 2023, the KSE 100 index gained 195.91 points over the previous day and closed at 48,230.51 points. The total trading volume for KSE 100 companies was 274.24 million shares worth PKR 12.51 billion
The KSE All Share Index, closed at 32.148.8 points gaining 121.51 points DoD. The trade volume for the stock market was 553.63 million shares having a value of PKR 15.91 billion.
The KSE 30 index gained 121.51 points and closed at 17,259.9 points with a trading volume of 151.28 million shares worth PKR 9.97 billion.
|
PSX Indexes as of 1st August 2023 |
|||
| Date | Points | Volume (Millions) | Gain/(Loss) PKR |
| KSE 100 | 48,230.51 | 274.24 | 195.91 |
| KSE All | 32,148.8 | 553.63 | 121.51 |
| KSE 30 | 17,259.9 | 151.28 | 121.51 |
Top Trading Companies (KSE All) on 1st August 23
CNERGY was the volume leader on the 1st of August 2023 with a trading volume of 37.86 million shares. The share closed at a price of PKR 3.51 gaining PKR 0.03 (0.86%) over the previous day’s price.
K-Electric Limited (KEL) had a trading volume of 27.66 million shares. The share closed at a price of PKR 2.42 per share with no change in price.
The Bank of Punjab (BOP) scored a trading volume of 22.54 million shares. Closing at a price of PKR 4.56 per share, the stock gained PKR 0.23 (5.31%) per share DoD.
|
Top Trading Companies (KSE All) on 1st August 23 |
|||
| Company | Volume (millions) | Closing Price (PKR) | Gain/(Loss) PKR |
| CNERGY | 37.86 | 3.51 | 0.03 (0.86%) |
| KEL | 27.66 | 2.42 | 0 |
| BOP | 22.54 | 4.56 | 0.23 (5.31%) |
2nd August 2023
The KSE 100 index gained 265.18 points DoD and closed at 46,682.53 points on the 26th of July 2023. The total trading volume for KSE 100 companies was 243.06 million shares with a total worth of PKR 11.70 billion.
The KSE All Share index also improved with 131.78 points DoD and closed at 31,185.85 points. The total trading volume was 426.17 million shares worth PKR 14.11 billion.
The KSE 30 index closed at 16,691.77 points gaining 78.24 points over the previous day. A total of 119.34 million shares of KSE 30 companies were traded on the 26th of July having a value of PKR 9.45 billion.
|
PSX Indexes as of 2nd August 2023 |
|||
| Date | Points | Volume (Millions) | Gain/(Loss) PKR |
| KSE 100 | 48,764.55 | 365.63 | 534.05 |
| KSE All | 32,502.45 | 555.55 | 353.65 |
| KSE 30 | 17,479.59 | 195.91 | 219.7 |
Top Trading Companies (KSE All) on 2nd August
On the 2nd of August 2023, the top trading company in terms of volume was CNERGY with a trading volume of 92.9 million shares. The closing share price was PKR 3.75 gaining PKR 0.24 over the previous day’s price.
Bank of Punjab (BOP) had a trading volume of 46.99 million shares. Closing at a price of PKR 4.82 the share gained PKR 0.24 over the previous day’s price.
Pakistan Refinery Limited (PRL) scored a trading volume of 31.35 million shares. The share price gained PKR 0.64 DoD and closed at PKR 18.4 at the end of the day.
| Top Trading Companies (KSE All) on 2nd August | |||
| Company | Volume (millions) | Closing Price (PKR) | Gain/(Loss) PKR |
| CNERGY | 92.9 | 3.75 | 0.24 |
| BOP | 46.99 | 4.82 | 0.26 |
| PRL | 31.35 | 18.4 | 0.64 |
3rd August 2023
After a span of hike, the PSX performance started to declined as the KSE 100 index sloped downwards on 3rd of August 2023 losing 153.36 points DoD and closing at 48,611.18 points. The trading volume for KSE 100 companies was 289.33 million shares.
The KSE All Share Index also declined and dropped 200.24 points. The index closed at 32,302.2 points with a volume of 523.19 million shares.
The KSE 30 index closed at 17,381.20 points losing 98.39 points DoD. The Index had a trading volume of 167.56 million shares.
|
PSX Indexes as on 3rd August 2023 |
|||
| Date | Points | Volume (Millions) | Gain/(Loss) PKR |
| KSE 100 | 48,611.18 | 289.33 | -153.36 |
| KSE All | 32,302.2 | 523.19 | -200.24 |
| KSE 30 | 17,381.2 | 167.56 | -98.39 |
Top Trading Companies (KSE All) on 3rd August 2023
CNERGY was the top trading company on 3rd of August 2023 with a trading volume of 33.21 million shares. The share closed at a price of PKR 3.67 losing PKR -0.08 (-2.13) DoD.
K-Electric Limited scored a volume of 25.43 million shares on the day and closed at PKR 2.35 per share losing PKR 0.01 (-0.42%) DoD.
Oil and Gas Development Company (OGDC) had a trade volume of 24.52 million shares. The share price closed at PKR 104.52 gaining PKR 0.18 (0.17%) DoD.
|
Top Trading Companies (KSE All) on 3nd August |
|||
| Company | Volume (millions) | Closing Price (PKR) | Gain/(Loss) PKR |
| CNERGY | 33.21 | 3.67 | -0.08 (-2.13%) |
| KEL | 25.43 | 2.35 | -0.01 (-0.42%) |
| OGDC | 24.52 | 104.26 | 0.18 (0.17%) |
4th August 2023
The KSE 100 index closed at 48,585.72 points with a volume of 210.4 million shares losing 25.46 points DoD.
The KSE All Share Index improved by 15.27 points. The index closed at a level of 32,317.47 points with a trade volume of 330.99 million shares.
The KSE 30 index shed 11.05 points and closed at 17,370.14 points. The index scored trade volume of 121.4 million shares during the day.
|
PSX Indexes as on 4th August 2023 |
|||
| Date | Points | Volume (Millions) | Gain/(Loss) PKR |
| KSE 100 | 48,585.72 | 210.4 | -25.46 |
| KSE All | 32,317.47 | 330.99 | 15.27 |
| KSE 30 | 17,370.14 | 121.4 | -11.05 |
Top Trading Companies (KSE All) on 4th August 2023
CNERGY was the top trading company on 4th of August 2023 with a trading volume of 66.51 million shares. The share closed at a price of PKR 3.95 per share gaining PKR 0.28 (7.63%) DoD.
OGDC scored trade volume of 28 million shares. The stock closed at a price of PKR 107.66 gaining PKR 3.4 (3.26%) DoD.
Trade volume for PRL was 25.89 million shares. The share closed at price of PKR 18.58 per share gaining PKR 0.82 (4.62%) DoD.
|
Top Trading Companies (KSE All) on 3nd August |
|||
| Company | Volume (millions) | Closing Price (PKR) | Gain/(Loss) PKR |
| CNERGY | 66.51 | 3.95 | 0.28 (7.63%) |
| OGDC | 28 | 107.66 | 3.4 (3.26%) |
| PRL | 25.89 | 18.58 | 0.82 (4.62%) |
Conclusion
At the beginning of the week, investors were very hopeful about the PSX performance, causing the index to reach its highest point in six years at 48,765. However, as the week went on, the index faced downward pressure and ended the week at 48,585, going up by 1,509 points over the week.
In economic news, the State Bank of Pakistan (SBP) decided to keep the Policy Rate steady at 22% during the Monetary Policy Committee (MPC) meeting on Monday. This choice was influenced by a decrease in inflation. Looking forward, the Consumer Price Index (CPI) for the fiscal year 2024 is predicted to fall between 20% and 22%. The market had expected an increase in rates due to a recent IMF report that suggested stricter monetary policies.
However, inflation for July 2023 turned out higher than anticipated, at 28.3%, surpassing the expected 26%. This was mainly because the costs of food and electricity rose significantly, which are important factors in the CPI. The government also announced a notable increase of about Rs20 per liter for both petrol and diesel.
Data specific to certain sectors in July 2023 showed a 6% yearly drop in volumes for Oil Marketing Companies (OMCs) due to lower car sales and reduced demand from the power sector. Additionally, cement shipments decreased by 21% compared to the previous month.
The Finance Ministry remained dedicated to reforms in the energy sector, with a particular focus on addressing debt issues in the gas sector. This focus on reform maintained interest in stocks related to energy.
From investment point of view, the investors are advised to book gains as the market is at optimally high position and to wait for dips for investments.
Related Posts
PSX Performance 24th to 27th July 2023
PSX Performance 17th to 21st July 2023
Disclaimer
The post is for information and educational purposes. The team of Fiscal Updates has gathered the information 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.