The benchmark index KSE-100 of the Pakistan Stock Exchange (PSX) reached an all-time high on Monday, breaking the previous record of 53,123.
PSX Benchmark KSE-100 Index Rose by 792 Points
The benchmark KSE-100 index rose by 1.5 percent or 792 points to a new high of 53,915, after opening trade at 53,123.
It surpassed this level at 3:30 PM to reach its highest-ever level of 53,941, an increase of 1.54 percent or 818 points.
It finished with a 737-point gain, closing at 53,860. The KMI 30 index gained 1,105 points, closing at 91,428, while the KSE All Share index gained 464 points, finishing at 35,898.
Market Cap Still Lower Than 2017
However, it is worth noting that PSX’s market cap is still lower than it was in 2017.
“Another new high at Pakistan Stock Exchange. The KSE 100 Index is at a record high now. Those who are confused about why prices are still down. Another way to look at is the KSE 30 Index.
This index is at 18k now vs 28k in May 2017. Still down 35% meaning average share prices are still down 35% in PKR,” CEO Topline Securities Mohammed Sohail said in a tweet.
“KSE 30 is price only index. Does not include dividends. While KSE 100 is Total Return Index inclusive of Dividend,” he added.
Market volume increased to 546 million shares. On Monday, total traded value increased marginally to Rs. 17.9 billion.
Total Volumes
Cnergyico PK Limited (PSX: CNERGY) had the highest participation, with 68 million shares traded, followed by Pakistan Refinery Limited (PSX: PRL) and Pakistan International Bulk Terminal (PSX: PIBTL).
The scrips traded 37 million and 34 million shares, respectively.
| SCRIP | PRICE | HIGH | LOW | CHANGE | VOLUME |
|---|---|---|---|---|---|
| CNERGY | 4.16 | 4.23 | 3.85 | 0.26 | 68,061,665 |
| PRL | 23.3 | 23.8 | 22.75 | 0.65 | 37,221,243 |
| PIBTL | 5.5 | 5.59 | 4.81 | 0.7 | 34,402,000 |
| HASCOL | 5.6 | 5.94 | 5.0 | 0.65 | 32,673,500 |
| HUMNL | 6.19 | 6.2 | 5.77 | 0.28 | 29,781,000 |
| WTL | 1.33 | 1.35 | 1.31 | 0.02 | 14,201,682 |
| KOSM | 2.13 | 2.35 | 2.11 | -0.13 | 13,217,500 |
Meanwhile, equity markets around the world continued to rise. At 16:00, crude oil prices were rising, with WTI crude oil up 1.76 percent to $81.93, and Brent crude oil up 1.61 percent to $86.26.
To read our blog on “PSX achieves all time high 53,000 points due to IMF visit,” click here.
