Daily Stock Report: KSE-100 Finishes in Red with Massive 500 Points Drop

The Pakistan Stock Exchange ends the day with a huge dip, with the benchmark KSE-100 index losing -511.06 points, or -1.06 %, by the close of the trading session to reach 47577.31 points as concerns lingered over the Panama case judgment .

Commercial banks, engineering and refinery sector stocks attracted investor interest. 77.5 million shares changed hands by the end of the session, with a total worth of nearly Rs 5.93 billion.

Shares of 378 companies were traded. At the end of the day, 73 stocks closed higher, 292 declined while 13 remained unchanged.

kse 4-4-2017

Volumes were led by:

  • Aisha Steel Mills Ltd: 13.2m shares traded
  • BYCO Petroleum Pakistan Ltd: 12.5m shares traded
  • Azgard Nine Ltd: 12.4m shares traded
  • Bank of Punjab: 11.5m shares traded
  • TRG Pakistan Ltd: 9.7m shares traded

Volume Leader Aisha Steel Mill Limited closed at Rs 24.35 down 0.74 paisa.

Crude Oil is at its highest price of the month, trading at $51.50.

Major dent came from Wyeth Chemicals (-2.72%), Nestle Pakistan (-0.54%), Khyber Tobacco (-5.00%) , Sanofi-aventis Pharmaceuticals (-1.50%) and Shield Corp Ltd (-4.59)

Major Gainers of the market were:

  • Colgate Palmolives +100 (+5.00%)
  • Rafhan Maiz Products +40 (+0.56%)
  • Unilever Pakistan Foods +31.20 (+0.53%)
  • Millat Tractors Ltd +15.99 (+1.22%)
  • Baifo Industries +13.72 (+5.00%)

A panic was seen among the investors after the suicide bomb blast in Lahore as the market dropped down by 500 points.