AsiaNet-Pakistan Premier Editorial Content and Press Release Distribution Service
Karachi, The Pakistan Stock Exchange (PSE) displayed varied movements in its latest trading session, with noticeable changes across its main boards, debt securities, and indices, according to the latest financial announcements.
The Main Board, hosting 524 listed companies, showed a total listed paid-up capital of 1,671,336 million, with a market capitalization of 9,402,283,072,773. The trading session ended with a volume of 472,862,687 and a traded value of 16,282,356,349. Out of 358 total movements, there were 184 advancers, 153 decliners, and 21 remained neutral.
The GEM Board, albeit smaller with only 3 listed companies, showed a listed paid-up capital of 1,832 million and a market capitalization of 2,360,920,172, with all three companies remaining neutral in the session.
In the realm of debt securities, the market saw 13 publicly issued debt securities with a total issue size of 70,000,000,000, and 23 privately placed debt securities with a significantly higher total issue size of 513,013,300,000. Additionally, there are 230 listed open-end mutual funds and 8 listed ETFs (Exchange Traded Funds).
Indices across the board showed varying degrees of movement. The KSE-100 Index rose by 626.04 points, marking a 0.96% increase, closing at 65,951.73. Similarly, the KSE-All-Shares Index saw a 0.97% increase, ending at 43,689.06. The KSE-30 Index noted a 1.23% rise, closing at 22,417.21, while the KMI-30 Index jumped by 1.78%, concluding at 112,054.48. Contrarily, the BKTI and PSX DIV 20 Indices saw slight declines of -0.16% each. The OGDC Index experienced the highest increase of 4.37%, closing at 16,485.31.
Other notable index movements include the PSX-KMI-All-Shares Index, with a 1.38% increase, and the UPP 9 Index, which rose by 0.43%. The NITPGI, NBPPGI, MZNPI, and JSMFI Indices also saw positive movements ranging from 1.24% to 2.10%. The ACI Index increased by 0.89%, while the JSG BKT I experienced a slight decrease of -0.06%. The HBLTTI, as of March 1, 2024, recorded a minimal increase of 0.05%, indicating subtle yet significant movements across different sectors of the market.
Karachi, Shakarganj Limited, a prominent entity in the sugar industry, has received an extension from the Securities and Exchange Commission of Pakistan (SECP) to hold its Annual General Meeting (AGM) for the fiscal year ending 30 September 2023. The SECP has granted the extension until 27 February 2024.
The extension allows Shakarganj Limited additional time to prepare and present its annual financial statements and reports to its shareholders. The company, known for its significant contributions to the sugar sector, is expected to utilize this period to finalize its fiscal year assessments and strategic planning for the upcoming year.