Pakistan Stock Exchange (PSX) Weekly Performance
The Pakistan Stock Exchange has shown improvement since the last week. The market is active after the break of NEWS regarding the imposition of advance tax by the government on the accumulated profits and undistributed reserves of the public companies in the upcoming fiscal budget. A large number of companies have called extraordinary general meetings during the last week with the agenda of an increase in the authorized share capital and necessary amendments in the Memorandum and Articles of Associations of companies. The moto behind this move was to convert the accumulated profits and reserves shown in the balance sheets into share capital and thus avoid advance tax.
On the other hand, the shareholders are expecting cash dividends and bonus shares as a result of this move. There are rumors also regarding the non-materializing of this proposal, as this proposal is facing resistance and criticism from the corporations. Also, in the past during 2017-18, such a proposal was initiated by the Government but was later withdrawn.
For more details, click on the following link:
Advance Tax on Accumulated Profits and Reserves of Companies in Pakistan
Performance Summary of KSE 100 Index for the Week 5th to 9th June 2023
The performance summary of the Pakistan Stock Exchange (PSX) KSE 100 index during the week from 5th to 9th June 2023 is given in the table below:-
| KSE 100 Index 5th to 9th June 2023 | |||
| Date | Points | Volume (Millions) | Value PKR (Billions) |
| 5th June | 41,667.94 | 81.17 | 4.01 |
| 6th June | 41,923.46 | 122.49 | 6.02 |
| 7th June | 42,142.71 | 117.41 | 5.32 |
| 8th June | 41,686.46 | 101.05 | 4.81 |
| 9th June | 41904.21 | 78.78 | 4.27 |
5th June 2023
The KSE 100 Index started with 41,352.99 points and closed at 41,667.94 points at the day’s end after gaining 314.95 points. The total trade volume of KSE 100 companies remained at 81.53 million shares having a value of PKR 4.02 billion.
Among the top trading companies in terms of volume, SNGP remained the volume leader with trading of 9.75 million shares. The stock closed at PKR 43.38 per share with a gain of PKR 2.69 (6.61%) over the last day’s price.
PPL had a trading volume of 9.43 million shares. The share closed at a price of PKR 61.57 per share which gained PKR 3.51 (6.05%) over the previous day’s price.
OGDC gained PKR 3.11 (4.13%) in share price, closing at PKR 78.45 per share after trading of 8.46 million shares.
| Top Trading Companies (KSE 100) on 5th June 23 | ||||
| Sr No | Company | Volume (millions) | Closing Price (PKR) | Gain/(Loss) PKR |
| 1 | SNGP | 9.75 | 43.38 | 2.69 |
| 2 | PPL | 9.43 | 61.57 | 3.51 |
| 3 | OGDC | 8.46 | 78.45 | 3.11 |
The KSE All closed at 27,937.46 points gaining 237.92 points over the previous trading day i.e 2nd of June 2023. The trade volume for KSE All during the day was 145.02 million shares having a value of PKR 4.68 billion.
The KSE 30 gained 134.31 points over the previous day and closed at 14,798.45 points. The trade volume during the day was 55.39 million shares with a value of PKR 5.12 billion.
6th June 2023
After taking a start from 41,667.94 points, the KSE 100 index gained 255.52 points during the day and closed at 41,923.46 points. Among the KSE 100 companies, a total trade volume of 122.49 million shares with a value of PKR 6.02 billion was recorded.
CNERGY, PPL, and PAEL remained on top in terms of trading volume with 15.52 million, 10.80 million, and 9.85 million shares respectively. CNERGY closed at PKR 3.33 per share gaining PKR 0.18 (5.71%). PPL closed at PKR 61.28 per share after shedding PKR 0.29 (-0.47%) from than the previous day’s price. PAEL closed at PKR 9.74 per share after gaining PKR 0.45 (4.84%) per share over the previous trading day.
| Top Trading Companies (KSE 100) on 6th June 23 | ||||
| Sr No | Company | Volume (millions) | Closing Price (PKR) | Gain/(Loss) PKR |
| 1 | CNERGY | 15.52 | 3.33 | 0.18 |
| 2 | PPL | 10.8 | 61.28 | -0.29 |
| 3 | PAEL | 9.85 | 9.74 | 0.45 |
The KSE All closed at 28,101.39 points after gaining 163.92 points. A total of 240.8 million shares were traded during the day with a value of PKR 7.15 billion.
KSE 30 closed at 14,872.7 points. The index gained 74.26 points over the previous day and the trade volume was 86.25 million shares having a value of PKR 5.1 billion during the day.
7th June 2023
The market kept the positive note with a gain of 219.25 points over yesterday in the KSE 100 index, closing at 42,142.71 points. The trading volume for KSE 100 index during the day was 117.41 million shares having a value of PKR 5.32 billion.
PIBTL was the top trading company among the KSE 100 companies with a trade of 15.42 million shares. The closing price of the share was PKR 4.39 with a rise of PKR 0.13 (3.05%) over the previous day’s price.
UNITY was next in a row with trading 13.39 million shares, closing at PKR 14.5 with a gain of PKR 1.01 (7.49%) over the previous day’s price.
TRG had trading of 9.93 million shares, the share closed at a price of PKR 100.39 with a gain of PKR 3.42 (3.53%) over the last working day’s price.
| Top Trading Companies (KSE 100) on 7th June 23 | ||||
| Sr No | Company | Volume (millions) | Closing Price (PKR) | Gain/(Loss) PKR |
| 1 | PIBTL | 15.42 | 4.39 | 0.13 |
| 2 | UNITY | 13.39 | 14.5 | 1.01 |
| 3 | TRG | 9.93 | 100.39 | 3.42 |
KSE All Share Index improved by 171.27 points over the previous day’s performance and closed at 28,272.66 points. The trading volume remained at 332.51 million shares with a value of PKR 7.15 billion.
KSE 30 index also showed improvement and gained 70.55 points over the previous day, closing at 14,943.25 points the index had a trading volume of 84.12 million shares with a value of PKR 4.54 billion.
8th June 2023
After a span of high performance, the Pakistan Stock Exchange suddenly witnessed a downfall on 8th June 2023 (Thursday). The Karachi Stock Index KSE 100 index declined by 456.24 points DoD closing at 41,686.46 points. The trade volume of KSE 100 companies also reduced to 101.05 million shares from 117.41 million shares traded on the previous day.
Among the KSE 100 companies, UNITY remained on top in trade volume showing a trade of 28.72 million shares. The stock closed at a price of PKR 15.16 per share with an increase of PKR 0.66 (4.55%) DoD.
PIBTL had trading of 6.66 million shares, closing at a price of PKR 4.19 after losing PKR 0.2 (-4.56%) per share DoD.
FCCL remained on the next number in terms of traded volume with 4.61 million shares traded during the day. The share closed at a price of PKR 12.47 losing PKR 0.18 (-1.42%) per share DoD.
| Top Trading Companies (KSE 100) on 8th June 23 | ||||
| Sr No | Company | Volume (millions) | Closing Price (PKR) | Gain/(Loss) PKR |
| 1 | UNITY | 28.72 | 15.16 | 0.66 |
| 2 | PIBTL | 6.66 | 4.19 | -0.2 |
| 3 | FCCL | 4.61 | 12.47 | -0.18 |
The KSE All Index also declined to a level of 28,124.44 points after losing 148.2 points DoD. The trade volume for KSE All during the day was 203.77 million shares with a total value of PKR 5.85 billion.
The activity of the KSE 30 index remained similar and the index lost 200.88 points during the day, closing at 14,742.36 points. The trade volume was 83.82 million shares with a value of PKR 3.78 billion.
9th June 2023
After a fall in performance on 8th June, the Stock Market again improved on the 9th of June, closing at 41,904.21 points gaining 217.74 points DoD. The trade volume was 78.78 million shares during the day with a value of PKR 4.27 billion.
UNITY remained the top performer in volume among KSE 100 companies with a trade of 13.97 million shares. The share closed at a price of PKR 15.5 gaining PKR 0.34 (2.24%) DoD.
FABL had trading of 10.59 million shares. The closing price was PKR 22.33 per share after gaining PKR 0.83 (3.86%) DoD.
Trade volume for SNGP remained at 4.74 million shares for the day. Closing at PKR 42.97 per share, the stock gained PKR 0.53 (1.25%) DoD.
The KSE All Index closed at 28.253.7 points gaining 129.25 points DoD. A total of 164.81 million shares were traded during the day with a value of PKR 5.2 billion.
KSE 30 Index also improved and closed at 14,303.83 points. Total trading remained at 65.91 million shares with a value of PKR 3.47 billion.
| Top Trading Companies (KSE 100) on 9th June 23 | ||||
| Sr No | Company | Volume (millions) | Closing Price (PKR) | Gain/(Loss) PKR |
| 1 | UNITY | 13.97 | 15.5 | 0.34 |
| 2 | FABL | 10.59 | 22.33 | 0.83 |
| 3 | SNGP | 4.74 | 42.97 | 0.53 |
Karachi Stock Exchange All (KSE ALL)
The weekly analysis of KSE All is elaborated in the table given below:-
| KSE All 5th to 9th June 2023 | |||
| Date | Points | Volume (Millions) | Value PKR (Billions) |
| 5th June | 27,937.46 | 145.02 | 4.68 |
| 6th June | 28,101.39 | 240.8 | 7.15 |
| 7th June | 28,272.66 | 332.51 | 7.15 |
| 8th June | 28,124.44 | 203.77 | 5.85 |
| 9th June | 28,253.7 | 164.81 | 5.2 |
Karachi Stock Exchange 30 (KSE 30 Index)
The performance activity for KSE 30 index for the week is given in the following table:-
| KSE 30 Index 5th to 9th June 2023 | |||
| Date | Points | Volume (Millions) | Value PKR (Billions) |
| 5th June | 14,798.45 | 55.39 | 3.36 |
| 6th June | 14,872.7 | 86.25 | 5.12 |
| 7th June | 14,943.25 | 84.12 | 4.54 |
| 8th June | 14,742.36 | 83.82 | 3.78 |
| 9th June | 14,803.83 | 65.91 | 3.47 |
Performance Report Pakistan Stock Exchange for a week from 2 to 5 May 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.