Daily Stock Report: Index Slips by 265 Pts to Settle at 46,593
1 month ago
The stocks underwent a volatile ride by the end of the day, finishing negative in the last hour of the trading session. The benchmark KSE-100 index of the Pakistan Stock Exchange went down from positive to negative in the last few hours. The index tested the day’s high at 47083.26 points. The day’s low of 46312.95 came towards market close.
KSE-100 index fell by 265.22 points, or 0.57 pc by the close of Monday’s trading session to reach 46593.34
Clouds of political uncertainty deterred investors from taking fresh positions in equities.
The index tested the day’s high at 48088.63 points. The day’s low of 47369.87 came towards market close.
Overall, 170 million shares were traded, while in KSE 100 index volumes surged to 70 million shares with a total worth of nearly Rs7.23 billion.
Top laggers of the market were FFC, HBL, SNGP, DGKC and ENGRO.
COMMERCIAL BANKS was the top traded sector with total traded volume of 36,132,300 shares. It was followed by TECHNOLOGY with a total traded volume of 35,746,500 shares and POWER GENERATION sector with a total traded volume of 15,017,600.
Shares of 356 companies were traded. At the end of the day, 114 Stocks closed higher, 203 declined while 33 remained unchanged.
World Call Telecom was the volume leader with 15.41 million shares, gaining Rs 0.16 to close at Rs 3.71 It was followed by K-Electric Ltd with 10.80 million shares, losing Rs 0.13 to close at Rs 6.92, TRG Pak Ltd with 10.70 million shares, gaining Rs 2.09 to close at Rs 39.07 and Bank of Punjab (R) with 9.84 million shares, losing Rs 0.06 to close at Rs 0.14.
The top advancers of the market were:
Top decliners of the market were:
Pakistan Stock Exchange Limited has approved the formal listing and quotation of the units of Alfalah GHP Islamic Prosperity Planning Fund, an Open-End Mutual Fund on the Exchange w.e.f. Tuesday, June 20, 2017.