KSE – 100 Index loses 259.8 points

KSE – 100 index today continued on its negative streak, after it lost in more than 259 points after closing at 46071.86 points. The markets were welcomed by the news of Supreme Court moving a lifetime ban against Nawaz Sharif.

KEL was trading high volumes today hints that a deal may be achieved between the two giants; including K – Electric and Sui Southern Gas Company.

Volume traded at KSE – 100 index decreased by 31.37 percent during the session after total volume clocked in at 105.155 million versus 153.238 million yesterday.

Cement, Commercial Banks, and Oil & Gas Exploration: scrips during today’s session were at the bottom after collectively taking away more than 206.51 points.

Sector-wise all share index top ten sector turnover was led by Power Gen & Dist. (38.701 million), Cement (23.843 million), and Chemical (20.790 million) with Misc: (5.962 million) and Oil & Gas Marketing Companies (5.720 million) stocks trailing at the bottom.

KSE – 100 Index at the day end moved a total of 259.85 points down 0.56 percent, closing in at 46071.86 points with index high – low range of 46349.69 – 46063.23.

KSE – All Share Index Volume was at 197.012 million shares, the value of shares traded for all-shares index reached PKR 8.750 billion.

KSE 100 Chart, Mettis Global

The index moved in the range of 313.46 points.

31 companies closed up, whereas 57 were down at the day end.