Daily Stock Report: Index Stays Lackluster in Run-up to Eid

Pakistan Stock Exchange (PSX) witnessed another dull session today before the Eid-ul-Azha holidays starting from Friday. The market will reopen on Tuesday 5th of September.

The index again started off in the negative zone. The KSE 100-index, which made an intra-day high of 40 points, and intraday low of 480 closed at 41206.99 points after losing 116 points or 0.28%.

KSE 100 Index posted the worst return in month of August, the last worst return in August dates back to the 2008 economic crisis. It was another lackluster session with the benchmark index trading in a range of 520 points.

The rising hype of upcoming festival of Eid ul Azha kept the investors away from trading activities The index tested the day’s high at 41362 points which was the opening of the day. The day’s low of 40842.50 came towards market close.

Overall, trading volumes of all share index plunged down to just 70 at the end of the day. 320 companies were traded with 195 stocks closed higher and 110 declined while 15 remained unchanged. In KSE 100, only 43.97 million shares were traded with a net worth of Rs 4.82 billion.

Habib bank (-5%) continued to disturb the market and the investors by hitting the 4th consecutive lower limit.

Top traded sectors:

TRG Pak Ltd was the volume leader with 7.63 million shares, gaining Rs 1.51 to close at Rs 35.38. It was followed by United Bank with 4.02 million shares, losing Rs 3.53 to close at Rs 186.13, Azgard Nine with 3.73 million shares, gaining Rs 0.47 to close at Rs 13.83 and K Electric Limited with 3.64 million shares, losing Rs 0.03 to close at Rs 6.08.

Top advancers of the market were:

Top decliners of the market were:

Ltd feature videos

Watch more at LTD