The stock market experienced sharp swings on Wednesday as the KSE-100 index closed negative today. The market remained volatile throughout the whole session.
The benchmark KSE-100 index lost -107.04 points, or 0.26% per cent, by the close of the trading session to reach 40503.68 points.
The KSE 100 index opened positive but remained volatile throughout the whole day making a intraday high of +166 points and dropped to an intraday low of 40315.02 after a loss of 295 points.
Volatile trading to continue this week with investors tracking flows in absence of major triggers in order to get sense of market direction.
The oil sector helped the market to bring up the small gain on the crude oil prices which surged up. Whereas Searl continues to drop as it closed at 3.44% down from Tuesday’s closing. HBL also went down by 4.04% from yesterday’s closing at Rs167.83.
All share index had a traded volume of just 129 million shares Overall, stocks of 356 companies were traded on the exchange, of which 138 gained in value, 200 declined and 18 remained unchanged. In KSE 100, just52 million shares were traded with a net worth of just Rs4.27 billion.
Top traded sectors
K-Electric was the volume leader with 11.66 million shares losing Rs0.12 to close at Rs6.28. It was followed by TRG Pak Ltd the volume with a turnover of 8.04 million shares, losing Rs0.03 to close at Rs34.29, Fauji Foods Right with 7.6 million shares, losing Rs0.48 to close at Rs10.57 and Azgard Nine 6.5 million shares, gaining Rs0.50 to close at Rs12.98
Top Advancers of the market were:
Top losers of the market were: