The index underwent a classic rollercoaster ride on the opening day of the week with the benchmark KSE-100 index gaining 53.58 points, or 0.11%, by the close of the trading session to reach 47,942.95.
The market showed different variations as the index traded between an intraday high of +153 points and intraday low of -211 points.
Volumes were considerably lower than usual, with Textile composite, cement, and commercial banks attracting investors’ interest.
Shares of 350 companies were traded. At the end of the day, 125 stocks closed higher, 206 declined while 19 remained unchanged.
Azgard Nine Ltd was the volume leader with 15.83 million shares, gaining Rs0.37 to close at Rs13.05. It was followed by Dewan Cement with 10.77 million shares, losing Rs0.10 to close at Rs21.89,TRG Pakistan Ltd with 8.82 million shares, gaining Rs0.26 to close at Rs49.56 and Pakistan General Insurance with 7.00 million shares, losing Rs1.42 to close at Rs 27.16.
Major losers of the market were:
Major gainers of the market were:
Investors remained on the periphery, anxiously awaiting the verdict on the Panama case.
Whereas Crude-oil futures started the week slightly higher in Asia, coming as Friday’s price jump following the U.S. airstrike in Syria. The U.S. benchmark has risen in eight of the past nine sessions through Friday.
Hope that market will get stable and less volatile in coming days.
Panama decision is one of major hurting factors of market nowadays