Market Summary for the Week 17th to 21st July 2023
The summary of stock indices during the week is tabulated below:-
KSE 100 Index
| Weekly Summary
KSE 100 Index 17th to 21st July 2023 |
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| Date | Points | Volume (Millions) | Value PKR (Billions) |
| 17th July | 45,042.61 | 148.65 | 5.08 |
| 18th July | 45,009.34 | 125.42 | 5.83 |
| 19th July | 45,095.11 | 125.86 | 7.95 |
| 20th July | 45,398.31 | 157.39 | 7.94 |
| 21st July | 45,920.73 | 205.84 | 9.4 |
KSE All Index
| Weekly Summary
KSE All Index 17th to 21st July 2023 |
|||
| Date | Points | Volume (Millions) | Value PKR (Billions) |
| 17th July | 30,434.06 | 314.69 | 6.77 |
| 18th July | 30,450.63 | 254.38 | 7.32 |
| 19th July | 30,352.33 | 243.36 | 9.38 |
| 20th July | 30,418.18 | 464.16 | 10.1 |
| 21st July | 30,731.25 | 504.42 | 12.01 |
KSE 30 Index
| Weekly Summary
KSE 30 Index 17th to 21st July 2023 |
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| Date | Points | Volume (Millions) | Value PKR (Billions) |
| 17th July | 15,964.82 | 61.52 | 3.93 |
| 18th July | 15,966.73 | 67.27 | 4.87 |
| 19th July | 16,077.55 | 87.58 | 6.63 |
| 20th July | 16,230.39 | 89.45 | 6.28 |
| 21st July | 16,395.77 | 108.55 | 7.28 |
Day-to-Day Performance of the Stock Exchange (17th to 21st July 2023)
The Pakistan Stock Exchange’s performance on day to day basis for the week in terms of trade volume, index level, value, and top-performing companies are elaborated below:-
17th July 2023
During the day, the KSE 100 index experienced a decline of 25.37 points and concluded at 45,042.61 points. The total trade volume for KSE 100 companies amounted to 148.65 million shares, with a total value of PKR 5.08 billion.
On the other hand, the KSE All index recorded a gain of 104.92 points compared to the previous day and closed at 30,434.06 points. The trade volume for the entire market reached 314.69 million shares, valued at PKR 6.77 billion.
Similarly, the KSE 30 index closed at 15,964.82 points, witnessing a decrease of 50.48 points from the previous day. The total volume for the index stood at 61.52 million shares, with a value of PKR 3.93 billion.
| PSX Indexes as on 17th to 21st July 2023 | |||
| Date | Points | Volume (Millions) | Value PKR (Billions) |
| KSE 100 | 45,042.61 | 148.65 | 5.08 |
| KSE All | 30,434.06 | 314.69 | 6.77 |
| KSE 30 | 15,964.82 | 61.52 | 3.93 |
Top Trading Companies KSE All 17th July 2023
BOP emerged as the top volume leader of the day, recording a trading volume of 49.14 million shares. The share price concluded at PKR 4.27, registering a gain of PKR 0.65 (17.96%) compared to the previous day’s closing price.
WTL witnessed a trading volume of 45.87 million shares. The stock closed at PKR 1.32 per share, experiencing an increase of PKR 0.03 (2.33%) from the previous day.
TELE had a trading volume of 18.64 million shares. The stock gained PKR 0.01 (0.12%) compared to the previous day and ended the day at PKR 8.29 per share.
| Top Trading Companies (KSE All) on 17th July 23 | |||
| Company | Volume (millions) | Closing Price (PKR) | Gain/(Loss) PKR |
| BOP | 49.14 | 4.27 | 0.65 (17.96%) |
| WTL | 45.87 | 1.32 | 0.03 (2.33%) |
| TELE | 18.64 | 8.29 | 0.01 (0.12%) |
18th July 2023
On July 18th, the KSE 100 index experienced a decline of 33.26 points and concluded at a value of 45,009.34 points. The trading activity encompassed a volume of 125.42 million shares, amounting to PKR 5.83 billion.
The KSE All index finished at 30,450.63 points, with a trading volume of 254.38 million shares valued at PKR 7.32 billion.
In the case of the KSE 30 index, the trade volume reached 67.27 million shares worth PKR 4.87 billion. The index closed at 15,966.73 points, exhibiting a gain of 1.9 points compared to the previous day.
| PSX Indexes as of 18th July 2023 | |||
| Date | Points | Volume (Millions) | Value PKR (Billions) |
| KSE 100 | 45,009.34 | 125.42 | 5.83 |
| KSE All | 30,450.63 | 254.38 | 7.32 |
| KSE 30 | 15,966.73 | 67.27 | 4.87 |
Top Trading Companies (KSE All) on 18th July 23
On the 18th of July 2023, BOP emerged as one of the top performers, with a trading volume of 29.94 million shares. The share price experienced a decline of PKR 0.22 (-5.15%) per share, ultimately closing at PKR 4.05.
WTL witnessed a trading volume of 22.85 million shares, and its share price remained unchanged at PKR 1.32 per share compared to the previous day.
WHALE recorded a trading volume of 8.6 million shares. The share price closed at PKR 6.37 per share, marking a gain of PKR 1 (18.62%) compared to the previous day.
| Top Trading Companies (KSE All) on 18th July 23 | |||
| Company | Volume (millions) | Closing Price (PKR) | Gain/(Loss) PKR |
| BOP | 29.94 | 4.05 | -0.22 (-5.15%) |
| WTL | 22.85 | 1.32 | 0 |
| WHALE | 8.6 | 6.37 | 1 (18.62%) |
19th July 2023
The KSE 100 index experienced a gain of 85.78 points compared to the previous day, reaching a closing value of 45,095.11 points. The total trading volume among the KSE 100 companies amounted to 125.86 million shares, with a total worth of PKR 7.95 billion.
The KSE All index concluded at 30,352.33 points, while the trade volume remained at 243.36 million shares, valued at PKR 9.38 billion.
As for the KSE 30 index, the trading activity involved 87.58 million shares, valued at PKR 6.63 billion. The index closed at 16,077.55 points.
| PSX Indexes as on 19th July 2023 | |||
| Date | Points | Volume (Millions) | Value PKR (Billions) |
| KSE 100 | 45,095.11 | 125.86 | 7.95 |
| KSE All | 30,352.33 | 243.36 | 9.38 |
| KSE 30 | 16,077.55 | 87.58 | 6.63 |
Top Trading Companies (KSE All) on 19th July 23
On July 19, 2023, WTL emerged as the top contributor in the PSX, with a trading volume of 18.5 million shares. The stock closed at PKR 1.31 per share, experiencing a loss of PKR 0.01 (-0.76%) compared to the previous day.
TPLP witnessed a trading activity of 10.31 million shares. The stock closed at PKR 13.22 per share, indicating a decrease of PKR 0.63 (-4.55%) compared to the previous day.
PPL recorded a trading volume of 8.96 million shares. The share price gained PKR 1.6 (2.39%) compared to the previous day, ultimately closing at a price of PKR 68.66 per share.
| Top Trading Companies (KSE All) on 19th July 23 | |||
| Company | Volume (millions) | Closing Price (PKR) | Gain/(Loss) PKR |
| WTL | 18.5 | 1.31 | -0.01 (-0.76%) |
| TPLP | 10.31 | 13.22 | -0.63 (-4.55%) |
| PPL | 8.96 | 68.66 | 1.6 (2.39%) |
20th July 2023
The KSE 100 index experienced a positive trend, gaining 303 points and reaching a closing value of 45,398.31 points. The trading activity was significant, with a volume of 157.39 million shares, amounting to PKR 7.94 billion in value.
Similarly, the KSE All index also showed growth, gaining 65.84 points and closing at 30,418.18 points. The total trading volume for the KSE All index was 464.16 million shares, with a value of PKR 10.10 billion.
The KSE 30 index concluded at 16,230.39 points, marking an increase of 152.84 points compared to the previous day. During the day, the KSE 30 companies traded a total of 89.45 million shares, which were worth PKR 6.28 billion.
| PSX Indexes as of 20th July 2023 | |||
| Date | Points | Volume (Millions) | Value PKR (Billions) |
| KSE 100 | 45,398.31 | 157.39 | 7.94 |
| KSE All | 30,418.18 | 464.16 | 10.1 |
| KSE 30 | 16,230.39 | 89.45 | 6.28 |
Top Trading Companies (KSE All) on 20th July 23
On 20th July 2023, WorldCall Telecom Limited (WTL) emerged as the most actively traded company on the Pakistan Stock Exchange, with a substantial trading volume of 185.19 million shares. WTL’s closing price stood at PKR 1.43 per share, experiencing a gain of PKR 0.12 (9.16%) compared to the previous day.
Bank of Punjab Limited (BOP) also witnessed considerable trading activity, with a volume of 19.50 million shares. BOP’s closing price was PKR 4.2 per share, showing a gain of PKR 0.23 (5.79%) per share, day on day.
As for K-Electric Limited (KEL), the trading volume amounted to 15.89 million shares. KEL’s share price closed at PKR 2.01, indicating an increase of PKR 0.07 (3.61%) in price, day on day.
| Top Trading Companies (KSE All) on 20th July 23 | |||
| Company | Volume (millions) | Closing Price (PKR) | Gain/(Loss) PKR |
| WTL | 185.19 | 1.43 | 0.12 (9.16%) |
| BOP | 19.50 | 4.2 | 0.23 (5.79%) |
| KEL | 15.89 | 2.01 | 0.07 (3.61%) |
21st July 2023
The Stock Market made a remarkable jump on the 21st of July 2023 when the KSE 100 index gained record 522.42 points during the day over the previous day’s level and closed at 45,920.73 points. A total of 205.84 million shares of KSE 100 companies were traded having a value of PKR 9.4 billion.
The KSE All Index closed at 30,731.25 points gaining 313.07 points DoD. The trade volume was 504.42 million shares worth PKR 12.01 billion.
The KSE 30 Index closed at 16,395.77 points scoring a volume of 108.55 million shares worth PKR 7.28 billion.
| PSX Indexes as of 21st July 2023 | |||
| Date | Points | Volume (Millions) | Value PKR (Billions) |
| KSE 100 | 45,920.73 | 205.84 | 9.4 |
| KSE All | 30,731.25 | 504.42 | 12.01 |
| KSE 30 | 16,395.77 | 108.55 | 7.28 |
Top Trading Companies as of 21st July 2023
On the 21st of July 2023, the stock market saw notable performances from several companies. Among them, WorldCall Telecom Limited (WTL) stood out as the top performer, boasting a trading volume of 106.5 million shares. By the end of the trading day, WTL’s closing price settled at PKR 1.46, marking an impressive gain of PKR 0.03 per share, equivalent to a 2.1% increase Day over Day (DoD).
Another company that garnered attention was Fauji Foods Limited (FFL), which recorded a trading volume of 44.28 million shares. The closing price of FFL shares was PKR 6.88, and the stock price saw an upward shift of PKR 0.08 per share, representing a 1.18% increase DoD.
Additionally, Cynergyico PK Limited (CNERGY) made its presence known with a trading volume of 35.91 million shares. The stock price for CNERGY showed significant growth, climbing by PKR 0.23 per share or 7.44% DoD, resulting in a closing price of PKR 3.32.
Investors and market participants closely monitored these companies due to their notable performance, indicating potential opportunities in the stock market. These movements in share prices and trading volumes can significantly impact investor decisions, making it crucial for stakeholders to stay vigilant and informed about market trends and dynamics.
| Top Trading Companies (KSE All) on 21st July 23 | |||
| Company | Volume (millions) | Closing Price (PKR) | Gain/(Loss) PKR |
| WTL | 106.5 | 1.46 | 0.03 (2.1%) |
| FFL | 44.28 | 6.88 | 0.08 (1.18%) |
| CNERGY | 35.91 | 3.32 | 0.23 (7.44%) |
Conclusion
In conclusion, the Pakistan Stock Exchange’s performance has demonstrated a truly remarkable uplifting during the week spanning from the 17th to the 21st of July 2023. The KSE 100 index witnessed a substantial surge, gaining an impressive 853 points from its starting level of 45067 to reach a remarkable high of 45920 by the week’s end. This significant improvement can largely be attributed to the much-needed financial support received by Pakistan, including the first tranche of the IMF bailout package amounting to US$ 1.2 billion (out of US$ 3 billion), along with the generous contributions of US$ 2 billion from Saudi Arabia and US$ 1 billion from the UAE. These inflows of capital infused the market with confidence and optimism, attracting investors’ attention and fueling the overall positive sentiment.
The index is currently approaching its recent peak of 45,971, and a potential breakthrough above this level could lead to further gains, with potential targets at 46,210 and 47,388 levels. On the other hand, if the market experiences a downturn, it is likely to find support within the range of 45,060 to 45,310 levels. Positive indications are observed in both the RSI and the Stochastic Oscillator, suggesting a favorable trend ahead. As a strategic approach, we advise investors to consider ‘Buying on dips,’ while managing risk by setting a defined stop-loss below the 45,067 level. The support and resistance levels for the index stand at 45,160 and 45,544, respectively.
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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.