100 Index drops by 311 points ahead of expected political uncertainty

KSE 100 Index remained bearish during the initial hours of today’s session as it lost 311 points from 39,586 points recorded in yesterday’s closing, to reach a trading level of 39,275 points earlier today. The intraday high was 39,586 points while the least it touched was 39,236 points, remaining within the range of 350 points.

So far in the session, 16.7 million shares have been traded in KSE 100 index and 31.4 million shares in the KSE All share index, both much lesser than the volume traded in yesterday’s session around the same time.

Power Generation & Distribution and Chemical industry are amongst the top performing industries in KSE 100 index today, up till now. Those performing the worst today are Oil & Gas Exploration Companies, Commercial Banks and Cement.

Within the broader KSE, Colgate-Palmolive topped the list of best performers so far, with a price increase of Rs.50 and a percentage increase of 1.79%. It is followed by Sazgar Engineering Works up by Rs.15.76 or 5% and Bhanero Textile Mills, up by Rs.15 or 1.91%

On the other hand, the list of net losers contained Al-Ghazi Tractors Limited (down by Rs.23 and 3.515), Attock Petroleum Limited (diown by Rs.16.79 and 3.01%) and Package Limited (down by Rs.12.92 or 2.7%)

Volume at KSE is being led by Fatima Fertilizers Company (2.8 million), Fauji Cement Company Limited (1.7 million) and TRG Pakistan Limited (1.4 million) as of now.