Closing Bell: KSE100 Index down 485 Points

In the first two trading sessions of the week, the Index has managed to all but wipe out the gains made during the previous week. KSE100 index is down 897 points or 1.91% this week. Friday included, the market is down 1,105 points.

KSE100 index ended Tuesday’s trading session at 45,979.70 down 485.96 points (1.05%). The Index traded in a very narrow band until 13:15, touching a high of 46,535.78 (+70.12) and a low of 46385.06 (-81), after which it fell steadily and made its intraday low of 45905.02 (-560.64) points just before close of day.

All Share Volume decreased by 35.24 Million to 205.79 Million Shares. Market Cap decreased by Rs.99.61 Billion.

Total companies traded were 384 compared to 394 from the previous session. Of the scrips traded 75 closed up, 295 closed down while 14 remained unchanged.

Total trades decreased by 9,142 to 75,031.

Value Traded decreased by 1.37 Billion to Rs.8.83 Billion