Daily Stock Report: KSE Maintains Bearish Spell with 48,689 Points

KSE-100 recorded a loss of – 611 points or – 1.24 % by the end of the trading session to close at 48689.42 points.

The Index opened flat and remained volatile throughout the last trading session while closing in red with volumes lower than Friday.

As the initial euphoria surrounding the verdict on Panama case fades, another case popped up. The Dawn Leaks investigation has taken the market by storm, which made a huge impact today.

88 million shares worth Rs 8.06 billion were traded by the end of the day.

CEMENT was the top traded sector with total traded volume of 19,894,900 shares. It was followed by ENGINEERING with a total traded volume of 18,627,300 shares and COMMERCIAL BANKS sector with a total traded volume of 18,144,600.

Shares of 372 companies were traded. At the end of the day, 86 stocks closed higher, 271 declined while 15 remained unchanged.

Pak Int. Bulk was the volume leader with 17.30 million shares, gaining Rs 1.39 to close at Rs 30.41. It was followed by Aisha Steel Mill with 13.08 million shares, losing Rs 0.36 to close at Rs 25.04, Pak Elektron with 12.46 million shares, losing Rs 5.76 to close at Rs 109.60 and Engro Polymer with 11.47 million shares, losing Rs 0.39 to close at Rs 28.52.

The top advancers of the market were:

Top decliners of the market were:

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