Daily Stock Report: Market Dips 81 Points to Close at 48,605 Points

KSE-100 recorded a loss of – 84 points or – 0.17 % by the end of the trading session to close at 48605.14  points.

The Index opened positive and remained volatile throughout the last trading session while closing in red with heavy volumes.

The Dawn Leaks investigation is in the pipeline, which made a huge impact today. After the Panama Case judgment was announced on April 20th, a 3 judge bench was created to implement the Supreme Court’s decision. A Joint Investigation Team was constituted to probe into offshore accounts and properties held by the Sharif family. It was the first hearing today as the market took the pressure and went negative.

134 million shares worth Rs 9.9 billion were traded by the end of the day.

POWER GENERATION was the top traded sector with total traded volume of 35,790,300 shares. It was followed by COMMERCIAL BANKS with a total traded volume of 34,466,900 shares and TECHNOLOGY AND COMMUNICATION sector with a total traded volume of 29,677,500.

Shares of 370 companies were traded. At the end of the day, 132 stocks closed higher, 220 declined while 18 remained unchanged.

K-Electric Ltd was the volume leader with 32.12 million shares, remaining flat to close at 8.00. It was followed by Engro Polymer with 25.40 million shares, gaining Rs 0.40 to close at Rs 28.92, TRG PAK LTD with 24.24 million shares, losing 2.73 to close at Rs 53.02 and Aisha Steel Mill with 12.44 million shares, losing Rs 1.09 to close at Rs 23.95.

The top advancers of the market were:

 

Top decliners in the market were:

Whereas MSCI is expected to formally introduce Pakistan into the MSCI Emerging Markets Index on May 5th, 2017.


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