Stock Exchange Performance Report 7th to 11th Aug 2023
The Stock Exchange performance remained volatile during the week. Starting from 48,585.71 the market closed at 48,424.40 points losing 161 points.
The stock market performance remained uncertain during the week from 7th to 11th August 2023. The market observed abnormal behavior with ups and downs on a daily basis having a high magnitude
The overview of the performance of the KSE 100 index, the KSE All Share index, and the KSE 30 index is given in the following tables.
Weekly Summary
KSE 100 Index 7th to 11th Aug 2023 |
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Date | Points | Volume (Millions) | Gain/(Loss) Points |
7th Aug | 48,386.25 | 232.03 | -199.45 |
8th Aug | 47,429.83 | 197.51 | -956.42 |
9th Aug | 48,227.6 | 183.28 | 797.78 |
10th Aug | 47,808.34 | 175.25 | -419.34 |
11th Aug | 48,424.40 | 242.05 | 616.06 |
Weekly Summary
KSE All Index 7th to 11th Aug 2023 |
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Date | Points | Volume (Millions) | Gain/(Loss) Points |
7th Aug | 32,216.92 | 380.76 | -100.53 |
8th Aug | 31,552.72 | 335.59 | -664.2 |
9th Aug | 31,953.32 | 311.43 | 400.61 |
10th Aug | 31,749.88 | 321.62 | -203.43 |
11th Aug | 32,137.84 | 367.8 | 387.95 |
Weekly Summary
KSE 30 Index 7th to 11th Aug 2023 |
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Date | Points | Volume (Millions) | Gain/(Loss) Points |
7th Aug | 17,247.45 | 146.9 | -122.67 |
8th Aug | 16,897.41 | 127.03 | -350.04 |
9th Aug | 17,210.09 | 131.83 | 312.68 |
10th Aug | 16.944.71 | 115.72 | -265.36 |
11th Aug | 17,202.59 | 120.15 | 257.87 |
PSX Performance on Day to Day Basis (7th to 11th Aug 2023)
The Stock Exchange performance on a daily basis for the week from 7th to 11th Aug 2023 is elaborated below:-
7th August 2023
The KSE 100 index dropped by 199 points on the 7th of August 23 and closed at 48,386.25 points having a trade volume of 232.03 million shares worth PKR 12.3 billion.
The KSE All Share index closed at 32,216.92 points after losing 100.53 points DoD. The trading volume for the Pakistan Stock Exchange on 7th August was 380.76 million shares having a value of PKR 14.52 billion.
The performance of the KSE 30 index was also negative during the day and the index closed at 17,247.45 points after losing 122.67 points DoD. A total of 146.9 million shares for KSE 30 companies were traded during the day with a value of PKR 10.91 billion.
PSX Indexes as of 7th Aug 2023 | |||
Date | Points | Volume (Millions) | Gain/(Loss) Points |
KSE 100 | 48,386.25 | 232.03 | -199.45 |
KSE All | 32,216.92 | 380.76 | -100.53 |
KSE 30 | 17,247.45 | 146.9 | -122.67 |
Top Trading Companies KSE All 7th August 2023
On the 7th of August 2023, CNERGY was the top-performing company with a trading volume of 74.5 million shares. Closing at a price of PKR 3.8, the share lost 0.15 (-3.18%) DoD.
PRL scored a trading volume of 35.71 million shares. The share price declined by PKR 0.57 (-3.07%) DoD and closed at PKR 18.01 per share.
OGDC shed PKR 2.09 (-1.94%) and closed at a price of PKR 105.57 with a trading volume of 26.01 million shares.
Top Trading Companies (KSE All) on 7th August 2023 | |||
Company | Volume (millions) | Closing Price (PKR) | Gain/(Loss) PKR |
CNERGY | 74.5 | 3.8 | -0.15 (-3.8%) |
PRL | 35.71 | 18.01 | -0.57 (-3.07%) |
OGDC | 26.01 | 105.57 | -2.09 (-1.94%) |
8th August 2023
The Stock Exchange performance observed a dramatic fall on the 8th of August 2023 when the KSE 100 index shed 956 points in one day closing at 47,429.83 points with a trade volume of 197.51 million shares. Previously the market was at record-breaking highs, however, after the mid of last week the market showed resistance and suddenly showed an abnormally steep fall in the last two days.
The KSE All share index also declined by 664 points, closing at 31,552.72 points with a trading volume of 335.59 million shares.
The KSE 30 index shed 350 points during the day. Closing at 16,897.41 points, the trade volume for KSE 30 companies was 127.03 million shares on 8th August.
PSX Indexes as of 8th August 2023 | |||
Date | Points | Volume (Millions) | Gain/(Loss) PKR |
KSE 100 | 47,429.83 | 197.51 | -956.42 |
KSE All | 31,552.72 | 335.59 | -664.2 |
KSE 30 | 16,897.41 | 127.03 | -350.04 |
Top Trading Companies (KSE All) on 8th August 23
CNERGY was the volume leader on the 8th of August 2023 with a trading volume of 28.32 million shares. The share closed at a price of PKR 3.47 losing PKR 0.33 (8.68%) over the previous day’s price.
OGDC scored a trading volume of 27.79 million shares and closed at PKR 97.85 per share losing PKR 7.72 (-7.31%) in share price DoD.
K-Electric Limited (KEL) had a trading volume of 24.63 million shares. The share closed at a price of PKR 2.10 per share losing PKR 0.13 (-5.83%) DoD.
Top Trading Companies (KSE All) on 8th August 23 | |||
Company | Volume (millions) | Closing Price (PKR) | Gain/(Loss) PKR |
CNERGY | 28.32 | 3.47 | -0.33 (-8.68%) |
OGDC | 27.79 | 97.85 | -7.72 (-7.31%) |
KEL | 24.63 | 2.1 | -0.13 (-5.83%) |
9th August 2023
9th of August 2023 was another remarkable day for the Pakistan Stock Exchange as the KSE 100 index gained a sudden 797.78 points after a declining curve closing at 48,227.6 points with a trading volume of 183.28 million shares worth PKR 12.54 billion.
The KSE All share index gained 400.61 points. Closing at 31,953.32 points, the index had a trading volume of 311.43 million shares having a value of PKR 14.3 billion.
The KSE 30 index had a trading volume of 131.83 million shares worth PKR 11.11 billion. The index closed at 17,210.09 points gaining 312.68 points DoD.
PSX Indexes as of 9th August 2023 | |||
Date | Points | Volume (Millions) | Gain/(Loss) PKR |
KSE 100 | 48,227.6 | 183.28 | 797.78 |
KSE All | 31,953.32 | 311.43 | 400.61 |
KSE 30 | 17,210.09 | 131.83 | 312.68 |
Top Trading Companies (KSE All) on 9th August
On the 9th of August 2023, OGDC was the highest-traded company with 37.78 million shares. The share closed at a price of PKR 104.35 gaining PKR 6.5 (6.64%) DoD. The rise in price and volume is due to the news of the settlement of circular debt issues which is under consideration by the Government and may result in heavy payouts.
PPL had a trading volume of 22.8 million shares. The share closed at a price of PKR 104.35 gaining PKR 4.12 per share DoD.
JSBL has also scored a high volume as the trade volume was 21.56 million shares during the day. The stock closed at a price of PKR 5.35 and shed PKR 0.14 (-2.55%) in share price DoD.
Top Trading Companies (KSE All) on 9th August | |||
Company | Volume (millions) | Closing Price (PKR) | Gain/(Loss) PKR |
OGDC | 37.78 | 104.35 | 6.5 (6.64%) |
PPL | 22.8 | 73.84 | 4.12 (5.91%) |
JSBL | 21.56 | 5.35 | -0.14 (-2.55%) |
10th August 2023
PSX Indexes as of 10th August 2023 | |||
Date | Points | Volume (Millions) | Gain/(Loss) PKR |
KSE 100 | 47,808.34 | 175.25 | -419.34 |
KSE All | 31,749.88 | 321.62 | -203.43 |
KSE 30 | 16.944.71 | 115.72 | -265.36 |
Top Trading Companies (KSE All) on 10th August 2023
On the 10th of August, WTL was the top performer with a trading volume of 41.52 million shares. Closing at PKR 1.2 per share, the stock shed PKR 0.03 (-2.44%) DoD.
BAFL had a trading volume of 23.24 million shares. The stock declined in price by PKR 1.03 (-2.49%) and closed at a price of PKR 40.40.
The trading volume for OGDC during the day was 22.03 million shares. The stock price was reduced by PKR 3.74 (-3.58%) DoD and closed at PKR 100.61 per share.
Top Trading Companies (KSE All) on 10th August | |||
Company | Volume (millions) | Closing Price (PKR) | Gain/(Loss) PKR |
WTL | 41.52 | 1.2 | -0.03 (-2.44%) |
BAFL | 23.24 | 40.4 | -1.03 (-2.49%) |
OGDC | 22.03 | 100.61 | -3.74 (-3.58%) |
11th August 2023
The Pakistan Stock Exchange depicted truly abnormal behavior throughout the week with frequent ups and downs with a remarkable quantum. On the 11th of August 2023, the KSE 100 index again took a drift gaining 616.06 points and closing at 48,424.40 points with a volume of 242.05 million shares worth PKR 15 billion.
The KSE All Share Index increased by 387.95 points DoD closing at 32,137.84 points. The trading volume for KSE All was 367.8 million shares with a value of PKR 17.06 billion.
The KSE 30 index gained 257.87 points and closed at 17,202.59 points with a volume of 120.15 million shares worth PKR 12.17 billion.
PSX Indexes as of 11th August 2023 | |||
Date | Points | Volume (Millions) | Gain/(Loss) PKR |
KSE 100 | 48,424.40 | 242.05 | 616.06 |
KSE All | 32,137.84 | 367.8 | 387.95 |
KSE 30 | 17,202.59 | 120.15 | 257.87 |
Top Trading Companies (KSE All) on 11th August 2023
KEL was the top trading company on the day with a trading of 53.87 million shares. The share closed at PKR 2.16 gaining PKR 0.05 per share DoD.
OGDC scored a trading volume of 22.57 million shares. The stock closed at a price of PKR 103.647 gaining PKR 2.86 DoD.
Trade volume for LPL was 18.64 million shares. The share closed at a price of PKR 32.15 per share gaining PKR 2.24 DoD.
Top Trading Companies (KSE All) on 11th August | |||
Company | Volume (millions) | Closing Price (PKR) | Gain/(Loss) PKR |
KEL | 53.87 | 2.16 | 0.05 (2.37%) |
OGDC | 22.57 | 103.47 | 2.86 (2.84%) |
LPL | 18.64 | 32.15 | 2.24 (7.49%) |
Conclusion
The week commenced with stock exchange performance on a slow note, however, as time advanced, investor assurance gained momentum. By the week’s conclusion, the KSE-100 index wrapped up at 48,424 points, marking a decrease of 161 points compared to the prior week. Significantly, news sources raised concerns about a potential postponement of elections, which amplified apprehensions among investors. Throughout the week, the dissolution of Parliament took place, accompanied by the Prime Minister’s efforts to delegate authority to an interim government in preparation for the upcoming elections. However, discussions regarding the selection of a caretaker premier failed to yield a unanimous consensus on any candidate.
On a positive note regarding the economy, a noteworthy development emerged: there are reports indicating the IMF’s willingness to explore collaboration with an extended caretaker administration to finalize the ongoing Stand-By Arrangement (SBA), potentially alleviating economic uncertainties. Shifting the focus to the financial sector, the State Bank of Pakistan (SBP) disclosed that the total borrowings within the Banking sector fell just short of Rs10 trillion, reflecting a year-over-year increase of 36%. This signifies that 25% of the sector’s overall assets are presently financed through borrowings, a rise from 20% in the previous year and 15% two years ago.
In the domain of specific industries, a significant development transpired as the Cabinet Committee on Energy eventually granted approval for a policy aimed at modernizing local refineries and generating cleaner fuels. Additionally, the government readdressed the solution for debt within the gas sector, unveiling a reduced plan of Rs414 billion, down from the earlier Rs543 billion. This novel approach entails a gradual infusion of cash and the distribution of dividends. There is an anticipation that state-owned enterprises (SOEs) will autonomously generate dividends for minority shareholders.
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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.