KSE – 100 loses 257.47 points

KSE – 100 Index continued on a bearish trajectory today after losing more than 257 points today after closing the session at 45460.87 points at day end. The index traded in a range of 353.76 points, whereas, 100 Index traded volume was at the 170.2 million shares.

Lucky Cement (LUCK) closed the day on top after announcing its plan to invest Rs. 17.5 billion at Pezu Plant, KPK Pakistan to expand the total capacity by additional 2.6 million tons per annum. In addition to that, the government has also decided to expand production facility at the Samawah Plant, Iran by investing up to $109 million.

Volume traded at KSE – 100 index increased by 20.55 percent during the session after total volume clocked in at 86.743 million versus 104.575 million yesterday.

Commercial Banks, Oil & Gas Exploration Companies, and Fertilizer scrips during today’s session were down after collectively taking away more than 140.31 points.

Sector-wise all share index top ten sector turnover was led by Commercial Banks (24.479 million), Chemical (21.234 million), and Cement (16.406 million) with Cable & Electrical (7.254 million) and Power Generation & Distribution (6.007 million) stocks trailing at the bottom.

KSE - 100 Index at the day end moved a total of 257.47 points up 0.56 percent, closing in at 45460.87 points with index high – low range of 45780.94 – 45427.19.

KSE – All Share Index Volume was at 170.200 million shares, the value of shares traded for all-shares index reached PKR 7.143 billion.

KSE 100 Chart, Mettis Global

The index moved in the range of 353.76 points.

25 companies closed up, whereas 66 were down at the day end.