KSE – 100 Index loses 246.5 points

Karachi Stock Exchange entered into correction mode today as local investors eyed to book their profits amidst the foreign buying. Markets were significantly bullish on yesterday’s results especially the drag from Pakistan Oilfields POL -4.6% that resulted in a major tick downward for the index.

Sector-wise all share index turnover was led by Engineering (32.045 million), Commercial Banks (28.335 million), and Chemical (21.482 million) with Cable & Electrical Goods (11.508 million) and Refinery (11.231 million) stocks trailing at the bottom.

KSE - 100 Index at the day end moved a total of -246.50 points down by -0.555%, closing in at 44816.71 points with index high-low range of 45179 – 44729.81.

KSE – All Share Index Volume was at 245.614 million shares, value of shares traded for all-shares index reached PKR 9.928 billion.

KSE - 100 Index Chart - Mettis Global

The index movement was limited within the 449.19 points range.

33 companies closed up, whereas 54 were down at the day end.