Bears ran riot at the Pakistan Stock Exchange (PSX) today, with the benchmark KSE-100 index initially losing over 1,900 points in intraday trade after Pakistan earlier today struck terrorist hideouts in Iran’s Siestan-o-Baluchistan province.
The benchmark KSE-100 index appeared bearish from the opening bell and immediately dropped into the red zone, losing 1,038 points around 10 AM after trading resumed on Thursday.
At 10:40 AM, it clocked in at 63,015, down by 0.87 percent or 552 points.
It settled at 63,202, down 0.57 percent or 364 points.
The highest participation was witnessed in K-Electric Limited (PSX: KEL) with over 59 million shares traded, followed by Pakistan International Airlines Corp (PSX: PIAA) and Worldcall Telecom Limited (PSX: WTL). The scrips had 40.4 million shares and 35.3 million shares traded, respectively.
Top Volumes
| SCRIP | PRICE | HIGH | LOW | CHANGE | VOLUME |
|---|---|---|---|---|---|
| KEL | 5.42 | 5.59 | 5.25 | -0.12 | 59,720,141 |
| PIAA | 11.56 | 11.56 | 10.0 | 1.0 | 40,427,500 |
| WTL | 1.31 | 1.34 | 1.27 | -0.03 | 35,387,750 |
| HASCOL | 8.02 | 8.3 | 6.95 | 0.79 | 33,339,000 |
| PTC | 14.18 | 14.43 | 13.2 | 0.24 | 25,690,390 |
| CNERGY | 4.46 | 4.68 | 4.3 | -0.19 | 20,766,632 |
| BOP | 6.2 | 6.43 | 5.95 | -0.18 | 18,468,448 |
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