The momentary uplift in the stock market encountered a cease during the first trading session of the week as the benchmark index shrank by nearly 315 points, ultimately closing the session at 41,004 points.
The Cement, Oil & Gas Exploration and Automobiles sectors emerged as the major loss-bearing contributors as they collectively swiped around 195 points from the index. The Cement Sector was under a lot of pressure due to the recent cut in PSDP budget along with a decline in cement prices in the Northern part of the country.
Precisely, the losses on LUCK (-3.31%), BAHL (-2.16%), DGKC (-4.81%) and MTL (-3.87%) brought about the index’s stay in the red region.
Engulfed within a range of 634 points, the index travelled to an intraday high of 41,533 and an intraday low of 40,899 points. 91 companies listed within the KSE-100 index traded their shares amounting to 54.7 million on the stock market. The total shares were valued at Rs. 3.7 billion.
Out of the total companies that traded on the KSE-100 index, 22 companies witnessed growth whereas 66 companies suffered decline in their share prices, while 3 companies’ share prices remained unchanged.
Congruently, the broader KSE All Share lost 146 points by the day end, closing in at 29,937 points. An intraday high of 30,198 points was recorded for the KSE All Share index, while the intraday low sunk to 29,884 points.
Over 98 million shares of the scrips listed within the broader KSE All Share Index were traded today, having a worth recorded at Rs.4.9 billion.
The total number of companies traded today were 322 out of which 77 closed up, 219 closed down while 26 remained unchanged from their previous stock prices.
