Daily Stock Report: KSE Fails to Maintain 50,000 Points Level

The stock market couldn’t sustain the 50,000-level during intraday trading on Tuesday. It was at the highest level since January 27, 2017 on Monday.

KSE-100 recorded a loss of -326.50 points or – 0.65% by the end of the trading session to close at 49785.17 points.

130 million shares worth Rs. 12.62 billion were traded by the end of the day.

CEMENT was the top traded sector with total traded volume of 57,957,520 shares. It was followed by COMMERCIAL BANKS with a total traded volume of 46,271,500 shares and ENGINEERING sector with a total traded volume of 36,437,300.

Shares of 381 companies were traded. At the end of the day, 130 stocks closed higher, 234 declined while 17 remained unchanged.

Engro Polymer was the volume leader with 30.92 million shares, gaining Rs 0.28 to close at Rs 29.13. It was followed by Summit Bank with 29.78 million shares, gaining Rs 0.43 to close at Rs 4.75, Azgard Nine Ltd with 28.70 million shares, gaining Rs 1.00 to close at Rs 14.12 and Aisha Steel Mill with 24.78 million shares, losing Rs 1.23 to close at Rs 25.46.

The top advancers of the market were:

Top decliners of the market were:

Different financial results of companies made a huge impact, making the market bearish.

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