The Stock Exchange Review for the week 19-23 June 2023 shows a continuous downward trend because of a delay in the last installment of the IMF program resulting in the declining confidence of investors.
Stock Exchange Review of KSE 100 Index for the Week 19th to 23rd June 2023
The performance summary of the Pakistan Stock Exchange (PSX) KSE 100 index during the week from 19th to 23rd June 2023 is given in the table below:-
| Weekly Summary
KSE 100 Index 19th to 23rd June 2023 |
|||
| Date | Points | Volume (Millions) | Value PKR (Billions) |
| 19th June | 40,621.22 | 93.21 | 4.79 |
| 20th June | 40,653.03 | 73.77 | 3.53 |
| 21st June | 40,220.80 | 47.52 | 3.04 |
| 22nd June | 40,152.05 | 65.19 | 2.25 |
| 23rd June | 40,065.32 | 59.55 | 2.7 |
19th June 2023
Starting from 41,301 the KSE 100 index lost 680 points during the day and closed at 40,621 points. Trading of 93.21 million shares with a value of PKR 4.79 billion was recorded in the day. The fall in activity is attributed to delays in the IMF deal and negative macro-economic factors.
KSE All Index also lost 260 points DoD. Starting from the level of 27,920 points the index closed at 27,660 points. The trade volume for the index was 178.55 million shares with a value of PKR 5.61 billion.
Similarly, KSE 30 Index closed at 14,260 points after losing 281 points to the previous market day. The trading volume for the index was 48.61 million shares with a value of PKR 3.35 billion.
| PSX Indexes as of 19th June 2023 | |||
| Date | Points | Volume (Millions) | Value PKR (Billions) |
| KSE 100 | 40,621.22 | 93.21 | 4.79 |
| KSE All | 27,660.04 | 178.55 | 5.61 |
| KSE 30 | 14,260.59 | 48.61 | 3.35 |
Top Trading Companies KSE 100 Index
KEL remained the top trading company in volume among KSE 100 companies. Having a volume of 11.38 million shares, the stock closed at a price of PKR 1.58 losing PKR 0.06 (-3.66%) in price DoD.
Trade volume for CNERGY was 9.34 million shares. The closing price was PKR 2.91 per share after losing PKR 0.12 (-3.96%) DoD.
PIBTL closed at a price of PKR 3.89 per share. The share lost PKR 0.31 (-7.38%) in share price DoD. Trade volume was 7.04 million shares.
| Top Trading Companies (KSE 100) on 19th June 23 | |||
| Company | Volume (millions) | Closing Price (PKR) | Gain/(Loss) PKR |
| KEL | 11.38 | 1.58 | -0.06 (-3.66%) |
| CNERGY | 9.34 | 2.91 | -0.12 (-3.96%) |
| PIBTL | 7.04 | 3.89 | -0.31 (-7.38%) |
20th June 2023
The KSE 100 index improved by 32 points closing at 40,653 points. Shares worth PKR 3.53 billion with a volume of 73.77 million were traded during the day.
The KSE All index closed at 27,638 points losing 22 points DoD. The trading volume for the day remained at 124.83 million shares with a value of PKR 4.03 billion.
The KSE 30 index gained 46 points DoD, closing at a level of 14,306.89 points with a trade of 37.39 million shares worth PKR 2.61 billion.
| PSX Indexes as of 20th June 2023 | |||
| Date | Points | Volume (Millions) | Value PKR (Billions) |
| KSE 100 | 40,653.03 | 73.77 | 3.53 |
| KSE All | 27,638.2 | 124.83 | 4.03 |
| KSE 30 | 14,306.89 | 37.39 | 2.61 |
Top Trading Companies KSE 100 Index
Among the KSE 100 companies, KEL was the most traded stock with a volume of 9.92 million shares. Closing at a price of PKR 1.59 per share, the stock gained PKR 0.01 (0.63%) DoD.
The trading volume for CNERGY was 6.7 million shares. The closing price was PKR 2.88 losing PKR 0.03 (-1.03%) DoD.
The trading volume for PPL was 5.67 million shares. The stock gained PKR 1.2 (2.13%) in price DoD and the trading volume was 5.67 million shares.
| Top Trading Companies (KSE 100) on 20th June 23 | |||
| Company | Volume (millions) | Closing Price (PKR) | Gain/(Loss) PKR |
| KEL | 9.92 | 1.59 | 0.01 (0.63%) |
| CNERGY | 6.7 | 2.88 | -0.03 (-1.03%) |
| PPL | 5.67 | 57.5 | 1.2 (2.13%) |
21st June 2023
The KSE 100 index lost 433 points during the day and closed at 40,220.80 points. The trade volume for KSE 100 companies also dropped by 26 million shares DoD to a level of 47.52 million shares worth PKR 3.04 billion.
The KSE All index also lost 355 points and closed at 27,283.86 million shares worth PKR 3.57 billion.
Similarly, the KSE 30 index also fell to 14,177.94 points, losing 129 points DoD with a trading volume of 24.96 million shares with a value of PKR 2.05 billion.
| PSX Indexes as of 21st June 2023 | |||
| Date | Points | Volume (Millions) | Value PKR (Billions) |
| KSE 100 | 40,220.80 | 47.52 | 3.04 |
| KSE All | 27,283.86 | 97.01 | 3.57 |
| KSE 30 | 14,177.94 | 24.96 | 2.05 |
Top Trading Companies KSE 100 Index
SHEL remained the top trader in KSE 100 companies with 4.66 million shares traded during the day. The stock lost PKR 7.01 (-6.03%) in price DoD closing at PKR 109.18 per share.
BOP had a trading of 4.43 million shares. The stock closed at PKR 3.3 per share losing PKR 0.08 (-2.37%) per share.
Trade volume for OGDC was 3.49 million shares on the day. The stock closed at PKR 73.99 per share losing PKR 1.02 (-1.36%) per share DoD.
| Top Trading Companies (KSE 100) on 21st June 23 | |||
| Company | Volume (millions) | Closing Price (PKR) | Gain/(Loss) PKR |
| SHEL | 4.66 | 109.18 | -7.01 (-6.03%) |
| BOP | 4.43 | 3.3 | -0.08 (-2.37) |
| OGDC | 3.49 | 73.99 | -1.02 (-1.36%) |
22nd June 2023
Taking a start from 46,220 points, the KSE 100 index lost 69 points DoD and closed at 40,152 points with a trade of 65.19 million shares worth PKR 2.25 billion.
The KSE All index closed at 27,233 points after losing 50 points. The trade volume was 115.24 million shares worth PKR 2.55.
The KSE 30 index closed at 14,174.72 points losing 3.21 points DoD. A total of 19.01 million shares were traded having a value of PKR 1.54 billion.
| PSX Indexes as of 22nd June 2023 | |||
| Date | Points | Volume (Millions) | Value PKR (Billions) |
| KSE 100 | 40,152.05 | 65.19 | 2.25 |
| KSE All | 27,233.32 | 115.24 | 2.55 |
| KSE 30 | 14,174.72 | 18.92 | 1.54 |
Top Trading Companies KSE 100 Index
KEL was the highest-traded company among the KSE 100 companies with a trade volume of 26.76 million shares. The closing share price was PKR 1.68 gaining PKR 0.11 (7.01%) DoD.
BOP had a trading volume of 3.29 million shares. Closing at PKR 3.35 per share, the stock gained PKR 0.05 (1.52%) over the previous day’s price.
TRG scored a trading volume of 2.74 million shares and closed at PKR 89.10 per share losing PKR 1.72 (-1.89%) per share DoD.
| Top Trading Companies (KSE 100) on 22nd June 23 | |||
| Company | Volume (millions) | Closing Price (PKR) | Gain/(Loss) PKR |
| KEL | 26.76 | 1.68 | 0.11 (7.01%) |
| BOP | 3.29 | 3.35 | 0.05 (1.52%) |
| TRG | 2.74 | 89.10 | -1.72 (-1.89%) |
23rd June 2023
On the last day of the week, the stock market kept a downward pace, and the KSE 100 index closed at 40,065 points losing 86.72 points DoD. The trade volume was 59.55 million shares worth PKR 2.78 billion.
The KSE All index closed at 27,202.3 points shedding 31 points from the previous day’s level. The total trade volume of the market was 136.88 million shares having a value of PKR 3.37 billion.
The KSE 30 index also lost 43 53 points during the day and closed at 14,131.17 points trading 33.04 million shares worth PKR 1.98 billion.
| PSX Indexes as of 23rd June 2023 | |||
| Date | Points | Volume (Millions) | Value PKR (Billions) |
| KSE 100 | 40,065.32 | 59.55 | 2.7 |
| KSE All | 27,202.30 | 136.88 | 3.37 |
| KSE 30 | 14,131.17 | 33.04 | 1.98 |
Top Trading Companies KSE 100 Index
Among the KSE 100 listed companies, UNITY had the highest trade volume for the day. A total of 7.47 million shares of the company were traded. Closing at PKR 14.73 per share, the stock lost PKR 2.02 (-0.14%) per share DoD.
TRG had a trading volume of 5.33 million shares. The share price declined by PKR 1.74 (-1.95%) per share closing at PKR 87.64 per share.
CNERGY closed at PKR 2.79 per share shedding PKR 0.07 (-2.45%) per share DoD with a trading volume of 3.81 million shares.
| Top Trading Companies (KSE 100) on 23rd June 23 | |||
| Company | Volume (millions) | Closing Price (PKR) | Gain/(Loss) PKR |
| UNITY | 7.47 | 14.73 | -2.02 (-0.14%) |
| TRG | 5.33 | 87.64 | -1.74 (-1.95%) |
| CNERGY | 3.81 | 2.79 | -0.07 (-2.45%) |
Conclusion
The Pakistan Stock Market is showing a continuous downward trend. The KSE 100 index, starting from 40,621 at the beginning of the week closed at 40,065 losing 556 points during the week. The prolonged delay for the completion of the IMF tranche in the 9th review program is exerting adverse pressure on the market and eroding investor trust, particularly from overseas. Besides, foreign remittances are also declining at a rapid pace giving a huge dent in the country’s economy. In the current market circumstances, investors are required to be vigilant and avoid short-term decisions. Buying at dips can be beneficial in the long run till the market recovers to pay back returns to the investors.
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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.