Performance Report Pakistan Stock Exchange 24th to 27th July 2023
During the week of 24th to 27th July 2023, the KSE 100 index performed remarkably well, gaining 1156 points and closing at 47077 points. The positive performance was influenced by financial support received in the form of loan installments from the IMF and friendly countries like China, Saudi Arabia, and the UAE. This injection of funds bolstered the economy, instilling investor confidence and driving up stock market indices. The news of these developments was closely monitored by investors, as the increased liquidity and improved business prospects contributed to bullish sentiment in the stock market.
In the subsequent paragraphs, we will provide a concise overview of the Pakistan Stock Exchange’s performance from the 24th to the 27th of July 2023.
Performance Summary of KSE 100 Index for the Week 24th to 27th July 2023
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Weekly Summary KSE 100 Index 24th to 27th July 2023 |
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| Date | Points | Volume (Millions) | Gain/(Loss) Points |
| 24th July | 46,054.81 | 154.05 | 134.08 |
| 25th July | 46,417.34 | 142.84 | 362.53 |
| 26th July | 46,682.53 | 243.06 | 265.18 |
| 27th July | 47,077 | 253.98 | 394.47 |
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Weekly Summary KSE All Index 24th to 27th July 2023 |
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| Date | Points | Volume (Millions) | Gain/(Loss) Points |
| 24th July | 30,847.61 | 298.61 | 116.36 |
| 25th July | 31,054.08 | 319.79 | 206.46 |
| 26th July | 31,185.85 | 426.17 | 131.78 |
| 27th July | 31,441.13 | 453.75 | 255.28 |
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Weekly Summary KSE 30 Index 24th to 27th July 2023 |
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| Date | Points | Volume (Millions) | Gain/(Loss) Points |
| 24th July | 16,455.91 | 84.44 | 60.14 |
| 25th July | 16,613.53 | 78.73 | 157.62 |
| 26th July | 16,691.77 | 119.34 | 78.24 |
| 27th July | 16,808.68 | 157.85 | 116.9 |
Day-to-Day Performance of the Stock Exchange (24th to 27th July 2023)
The performance of the Pakistan Stock Exchange on a daily basis is elaborated below:-
24th July 2023
The KSE 100 index gained 134 points on 24th of July 23 and closed at 46,054.81 points. The trade volume for KSE 100 companies was 154.05 million for the day worth PKR 134.08 billion.
The KSE All index also improved and gained 116 points DoD. A total of 298.61 million shares were traded during the day having a value of PKR 8.14 billion.
The KSE 30 index closed at 16,455.91 points gaining 60.15 points DoD, with a trade volume of 84.44 million shares worth PKR 5.03 billion.
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PSX Indexes as on 24th to 27th July 2023 |
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| Date | Points | Volume (Millions) | Gain/(Loss) Points |
| KSE 100 | 46,054.81 | 154.05 | 134.08 |
| KSE All | 30,847.61 | 298.61 | 116.36 |
| KSE 30 | 16,455.91 | 84.44 | 60.14 |
Top Trading Companies KSE All 24th July 2023
On the 24th of July, WorldCall Telecom Limited emerged as the top trading company with the highest trade volume for the day amounting to 35.88 million shares. The share price closed with a loss of PKR 0.05 (-3.42%) DoD at PKR 1.41.
K-Electric Limited followed with a volume of 32.4 million shares. The share price of KEL gained PKR 0.12 (5.91%) per share and closed at PKR 2.15.
A total of 31.48 million shares of Unity Foods Limited (UNITY) were traded on the 24th of July 2023. Closing at a price of 27.4 per share, the stock gained PKR 0.58 (2.16 %) DoD.
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Top Trading Companies (KSE All) on 24th July 23 |
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| Company | Volume (millions) | Closing Price (PKR) | Gain/(Loss) PKR |
| WTL | 35.88 | 1.41 | -0.05 (-3.42 %) |
| KEL | 32.4 | 2.15 | 0.12 (5.91%) |
| UNITY | 31.48 | 27.4 | 0.58 (2.16%) |
25th July 2023
On the 25th of July 23, the PSX performance kept the pace of improvement and the KSE 100 index closed at 46,417.34 points scoring a trade volume of 142.84 million shares. The index gained 362.53 points DoD.
The KSE All Share Index, closed at 31,054.08 points gaining 206.46 points DoD. The trade volume for KSE remained at 319.79 million shares.
The KSE 30 index gained 157.62 points and closed at 16,613.53 points with a trading volume of 78.73 million shares.
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PSX Indexes as of 25th July 2023 |
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| Date | Points | Volume (Millions) | Gain/(Loss) PKR |
| KSE 100 | 46,417.34 | 142.84 | 362.53 |
| KSE All | 31,054.08 | 319.79 | 206.46 |
| KSE 30 | 16,613.53 | 78.73 | 157.62 |
Top Trading Companies (KSE All) on 25th July 23
On the 25th of July 2023, WTL emerged as one of the top performers, with a trading volume of 41.97 million shares. The share price closed at PKR 1.41 at the end of the day with no change with respect to the previous day’s price.
FFL witnessed a trading volume of 26.06 million shares. The share closed at PKR 7.07 gaining PKR 0.32 (4.74%) DoD.
K-Electric Limited (KEL) recorded a trading volume of 15.65 million shares. The share price closed at PKR 2.14 per share losing PKR 0.01 (-0.47%) DoD.
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Top Trading Companies (KSE All) on 25th July 23 |
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| Company | Volume (millions) | Closing Price (PKR) | Gain/(Loss) PKR |
| WTL | 41.97 | 1.41 | 0 |
| FFL | 26.06 | 7.07 | 0.32 (4.74%) |
| KEL | 15.65 | 2.14 | -0.01 (-0.47%) |
26th July 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. 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.
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PSX Indexes as of 26th July 2023 |
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| Date | Points | Volume (Millions) | Gain/(Loss) PKR |
| KSE 100 | 46,682.53 | 243.06 | 265.18 |
| KSE All | 31,185.85 | 426.17 | 131.78 |
| KSE 30 | 16,691.77 | 119.34 | 78.24 |
Top Trading Companies (KSE All) on 26th July 23
On the 26th of July 2023, the top trading company in terms of volume was K-Electric Limited with a trade volume of 58.86 million shares. The closing share price was PKR 2.3 gaining PKR 0.16 (7.48%) over the previous day.
Next in line was WorldCall Limited with a volume of 22.24 million shares. The share price closed at PKR 1.41 with no change in reference to the previous day’s price.
Pakistan Refinery Limited (PRL) scored a trade volume of 18.39 million shares. The share price gained PKR 0.3 DoD and closed at PKR 16.93 at the end of the day.
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Top Trading Companies (KSE All) on 26th July 23 |
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| Company | Volume (millions) | Closing Price (PKR) | Gain/(Loss) PKR |
| KEL | 58.86 | 2.3 | 0.16 (7.48%) |
| WTL | 22.24 | 1.41 | 0 |
| PRL | 18.39 | 16.93 | 0.3 (1.8%) |
27th July 2023
The PSX performance kept the pace of improvement and the KSE 100 index gained 394.47 points on 27th of July 23 closing at 47,077 points with a trade value of PKR 15.76 billion.
The KSE All Share Index also improved by 255.28 points. Closing at a level of 31,441.13 with a trading volume of 453.75 million shares worth PKR 17.85.
The KSE 30 index closed at 16,808.68 points gaining 116.9 points DoD. The Index had a volume of 157.85 million shares worth PKR 13.12 billion.
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PSX Indexes as of 27th July 2023 |
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| Date | Points | Volume (Millions) | Gain/(Loss) PKR |
| KSE 100 | 47,077 | 253.98 | 394.47 |
| KSE All | 31,441.13 | 453.75 | 255.28 |
| KSE 30 | 16,808.68 | 157.85 | 116.9 |
Top Trading Companies (KSE All) on 27th July 23
World Call Limited (WTL) stood as the top contributor company among the listed companies on the Pakistan Stock Exchange. WTL scored a trading volume of 40.15 million shares and closed at a price of PKR 1.39 losing PKR 0.02 (-1.42%) in price DoD.
The trade volume for KEL was 30.23 million shares. The stock closed at a price of PKR 2.3 with no change in price DoD.
OGDC showed a remarkable improvement during the day and gained PKR 4.85 (5.59%) in share price DoD. The trade volume for OGDC for the day was 28.51 million shares.
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Top Trading Companies (KSE All) on 26th July 23 |
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| Company | Volume (millions) | Closing Price (PKR) | Gain/(Loss) PKR |
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WTL |
40.15 | 1.39 | -0.02 (-1.42%) |
| KEL | 30.23 | 2.3 | 0 |
| OGDC | 28.51 | 91.67 | 4.85 (5.59%) |
Conclusion
During the week from 24th to 27th July 2023, the PSX performance displayed a notable performance, with the KSE 100 index gaining a total of 1156 points. The index opened at 45920.73 points and closed at 47077 points, showcasing a significant upward movement in the stock market.
The improvement in the KSE 100 index’s performance during this period can be attributed to various factors, most notably the injection of financial support in the form of loan installments. Notably, these funds were received from the International Monetary Fund (IMF) and other friendly countries, including China, Saudi Arabia, and the United Arab Emirates (UAE). Such financial assistance can have a positive impact on the economy, boosting investor confidence and driving up PSX performance.
Investors and market participants would have closely monitored the developments related to the loan installment news and its implications for the country’s financial stability. This influx of funds can lead to increased liquidity, improved business prospects, and overall economic growth, which in turn can translate into a bullish sentiment in the stock market and the PSX performance.
In terms of investment, it is advisable for investors to secure profits by booking gains and to consider investing during market dips to maximize their value for money.
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PSX Performance for the period from 17th to 21st July 2023
Performance of the Pakistan Stock Exchange from 10th to 14th 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.