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Bloodbath at PSX as 100 index stoops to five month lows

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KSE – 100 Index went through a bloodbath today after controversial remarks from ex – Prime Minister, Nawaz Sharif stooped the index down to a five month low. KSE – 100, the benchmark index, opened the session low early on and went on to lose more than 1000 points to close at 42499 after continuously trading in negative session throughout the day.

The index today went on to fall to its five month lows today after posting the biggest daily decline since December last year. Investors fell to selling pressure throughout the session as fears of escalating tensions between civil and military leaderships worsened after an emergency National Security Committee meeting was called PM’s remarks no 27/11 Mumbai attacks.

Volume traded at KSE – 100 index increased by 13 percent during the session after total volume clocked in at 97.468 million versus 86.259 million yesterday.

Commercial Banks, Oil and Gas Exploration and Fertilizer Sector’s companies during today’s session were at the bottom today after collectively taking away more than 537 points.

Sector-wise all share index top ten sector turnover was led by Commercial Banks (20.284 million), Chemical (18.735 million), and Cement (16.625 million).

KSE – 100 Index at the day end moved a total of -1095 points down 2.51 percent, closing in at 42,498.86 with index high – low range of 43,594.79 – 42,431.44.

KSE – All Share Index Volume was at 176.091 million shares, the value of shares traded for all-shares index reached PKR 7.125 billion.

The index moved in the range of 1163.35 points.

5 companies closed up, whereas 81 were down at the day end.


Gainers of the Day

Symbol

Name

Net Change

ACPL

Attock Cement Pakistan Limited

3.76

HMB

Habib Metro Bank Limited

0.67

DCR

Dollmen City Reit

0.24

ABL

Allied Bank Limited

0.57

 

Losers of the Day

Symbol

Name

Net Change

BATA

Bata Pakistan Limited

-115.93

PAKT

Pakistan Tobacco

-97.50

MTL

Millat Tractors Limited

-52.37

MARI

Mari Petroleum Limited

-36.56

POL

Pakistan Oilfield Limited

-31.98

 

Volume Leaders

Symbol

Name

Volume

KEL

K-Electric

12,065,500

BOP

Bank Of Punjab

8,737,000

FCCL

Fauji Cement Company Limited

8,225,000

EFERT

Engro Fertilizer

6,288,000

SSGC

Sui Southern Gas Company

6,275,500

TRG

The Resource group

5,348,000

PAEL

Pak Electron Limited

4,551,000

SNGP

Sui Northern Gas Company Limited

3,962,600

DGKC

D.G Khan Cement Company

3,409,600

FABL

Faysal Bank Limited

3,379,000

 

Posted on: 2018-05-14T18:00:00+05:00