Daily Stock Report: KSE-100 Index Ends the Day at 48,227 with 71 Points Rise

The benchmark index, ended the day near the 48,200 level as investors remained on the sidelines ahead of the Panama case verdict. Investors are still waiting for any signs of updates on the big case, as the day ended at a low volume level.

KSE-100 recorded a rise of 71.82 points or 0.15% to finish at 48227.75 today.

Volumes were led by Commercial Banks, engineering and textile composite sector. 64.9 million shares of index stocks were traded with a total worth of nearly 6.7 billion.

Shares of 372 companies were traded. At the end of the day, 128 stocks closed higher, 230 declined, while 14 remained unchanged.

Volumes were led by:

  1. Aisha Steel Mill Ltd: 15.8m shares traded
  2. Bank of Punjab: 11.7m shares traded
  3. Azgard Nine Ltd: 11.4m shares traded
  4. Karachi-Electric Ltd: 8.4m shares traded
  5. TRG Pakistan Ltd: 5.8m shares traded

The major dent to the index today came from HASCOL (-2.32%), GHNL (-1.54%), Unilever Pakistan foods (-5.00%) and Engro Chemical (-1.89%).

Crude Oil is currently being traded at $50.66.

Overall trading volumes fell to 64m shares compared with Friday’s closing volume of 136m.

Investors are still waiting for the Panama Case verdict after which there will be more clarity in the market.