Index during last two sessions has managed to lose more than 1320 points in total with more than 644 points during the day.
Moody Rating Agency has changed Pakistan’s B3 rating from stable to negative rising red flags for the investors. Investors also await next week’s meeting of FATF to decide on Pakistan’s inclusion in ‘back-list’. Despite regulations announced by the Securities and Exchange Commission of Pakistan, investors remained bearish on Pakistan.
Volume traded at KSE – 100 index increased by 67.85 percent during today’s session after total volume clocked in at 153.577 million versus 91.492 million yesterday.
Commercial Banks, Oil & Gas Exploration Companies and Cement during today’s session were at the bottom today after collectively taking away more than 386.31 points.
Sector-wise all share index top sector turnover was led by Power Generation & Distribution (49.251 million), Commercial Banks (47.632 million) and Cement (29.097 million).
KSE – 100 Index at the day end moved a total of 644.23 points down by 1.50 percent, closing in at 43,358.61 with index high – low range of 43002.84 – 42296.07.
KSE – All Share Index Volume was at 241.335 million shares, the value of shares traded for all-shares index reached PKR 9.321 billion.
The index moved in the range of 706.77 points.
10 companies closed up, whereas 80 were down at the day end.
Fazal Cloth Mills
National Refinery Limited
Colgate – Palmolive Pakistan
Services Industries Limited
Hino Pak Limited
Bank of Punjab
Fauji Fertilizer bin Qasim Limited
Bank Al Falah Limited
Pakistan International Bulk Terminal