Daily Stock Report: KSE-100 Index Stays at 48,088 with 139 Points Loss

The Pakistan Stock Exchange ends the day with slight losses, with the benchmark KSE-100 index losing 139.38 points, or – 0.29%, by the close of the trading session to reach 48,088.37 points.

Volumes were considerably lower than usual, with Refinery, fertilizer, and commercial banks stocks attracting investor interest. 56 .7 million shares had changed hands by the end of the session, with a total worth of nearly Rs 5.66 billion.

Shares of 365 companies were traded. At the end of the day, 126 stocks closed higher, 219 declined while 20 remained unchanged.

Volumes were led by:

1. BYCO Pakistan Petroleum Ltd: 14.6m shares traded
2. Azgard Nine Ltd: 7.8m shares traded
3. Bank of Punjab: 5.8m shares traded
4. Fauji Fertilizer Bin Qasim: 5.4m shares traded
5. Engro Fertilzer Ltd: 5.2m shares traded

Crude Oil is respecting what we were looking at, bouncing now above 50’s, and trading at $50.50.

Major dent came from Bata Pakistan Ltd (-4.90%), Rafhan Maiz Products (-1.41%), Colgate Palmolives (-2.91%) ,Khyber Tobacco (-5.00%) and GHNI (-2.05).

Major Gainers of the market were:

1. Unilever Pakistan Foods +294.50 (+5.00%)
2. Nestle Pakistan Ltd +100 (+1.09%)
3. Sanofi-aventis Pharmaceuticals +45.10 (+2.26%)
4. Atlas Battery Ltd +30.00 (+3.19%)
5. Atlas Honda Ltd +26.60 (+4.76%)

Investors remain uncertain about the trajectory of the market as the Panama Case verdict still hangs.