Bears dominant as KSE 100 sheds over 300 points during initial hours

The benchmark KSE – 100 index declines further during the initial few hours of today’s trading session, as negative sentiments prevail amongst investors.

The 100 – index has already lost 318 points from yesterday’s closing value, and is currently trading at 41,930 points.

The index is bound within a range of 352 points, having marched up to an intraday high of 42,273 points and having dropped to an intraday low of 41,921 points, so far.

A total of 21.9 million shares of the companies listed within KSE – 100, have been traded by now at a value of PKR 1.9 billion

The Fertilizer sector alone has stripped the KSE All share index of 192 points thus far, and is therefore emerging as the worst performing sector.

The broader KSE All Share on the other hand has shed 125 points during first half of the session, and is trading at 30,614 points, at present.

An intraday high of 30,779 points has been recorded at the KSE index, whereas intraday low has logged in at 30,595 points by now.

Within KSE, a trading activity of 66.8 million shares has already been observed by the capital markets, valued at PKR 3 billion.

In terms of their stock prices, the greatest net gaining company is Colgate-palmolive with a gain of Rs.145, whereas the top net losing company is Unilever Pakistan Foods (UPFL), having lost Rs.250 so far.

Meanwhile, Nimir Resins Limited is leading the volumes within KSE All Share, as it has traded 10.6 million shares by now.