Bulls vanished and bears wrecked the Pakistan Stock Exchange (PSX) after mid-session break today, with the benchmark KSE-100 index losing over 1,700 points in intraday trade after the Supreme Court of Pakistan ruled in favour of ex-Prime Minister Imran Khan’s political party in the reserved seats case.
The benchmark KSE-100 index appeared bearish after Jummah break and immediately dropped into the red zone, losing 1,700+ points.
After opening trade at 79,992 points, the benchmark KSE-100 index rose to 80,321 at 10 AM.
At 2:30 PM, it clocked in at 78,611, down by 2.12 percent or 1,710 points.
At 2:50 PM, it was at 79,323, down 0.84 percent or 670 points.
It closed at 79,944, down 0.06 percent or 48 points.
Top Volumes
The highest participation was witnessed in Fauji Fertilizer Bin Qasim Limited (PSX: FFBL) with over 45 million shares traded, followed by K-Electric Limited (PSX: KEL) and Worldcall Telecom Limited (PSX: WTL). The scrips had 33 million shares and 29.2 million shares traded, respectively.
| SCRIP | PRICE | HIGH | LOW | CHANGE | VOLUME |
|---|---|---|---|---|---|
| FFBL | 40.8 | 41.88 | 38.1 | 2.6 | 45,356,702 |
| KEL | 4.8 | 4.89 | 4.68 | -0.04 | 33,085,415 |
| WTL | 1.21 | 1.23 | 1.19 | -0.02 | 29,217,014 |
| AIRLINK | 103.79 | 107.0 | 97.0 | 3.62 | 22,583,918 |
| HBL | 147.31 | 148.1 | 137.49 | 6.68 | 13,150,443 |
| HUMNL | 11.49 | 11.88 | 10.84 | -0.34 | 9,373,211 |
| HUBC | 160.48 | 165.5 | 158.4 | -3.23 | 8,984,447 |
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DONT WORRY PSX. Adiala is locked tight and no dharna and fasaad on sight
It will be crashed significantly after achieving 100,000 points; it is a drama, gambling and eye wash.
it is now clear that this is actually Gambling, works on news, what an stupid thing is PSX; keep my word, it will go up to 100,000 points, make the history and then that will happen what IMF wants…. it will crash and even then make history.
Why do we even care about this jua khaana, let it crash and sink but now is the time the nation looks for permanent resolution. Pakistan can not continue with this fake government and cheater establishment.
1700 points is not “Crash”.