KSE-100 loses over 520 points during intraday trading as bears take over the index

After the bulls raged through KSE – 100 for four days in a row, it seems like it is now time for the bears to take over the index, as it lost 523 points during the first half of today’s session and is at 43,028 points now, having lost 1.21% from yesterday’s closing value.

The intraday high is at 43,638 points while the low is at 43,024 points, leaving the index with a range of 614 points to move.

Within the 100 – index, 70 million shares have been traded so far, evaluating at PKR 4.3 billion. On the other hand, volume of shares traded at the broader KSE is 112.6 million shares, at a value of PKR 5.2 billion.

Sector wise, Commercial Banks, Cement and Fertilizer have collectively taken away 342 points from the index already, thereby coming out as worst performers so far as KSE – 100.

Within the broader KSE, Unilever Pakistan Foods Limited with an increase of Rs.55 is performing the best, while Nestle Pakistan Limited (with a decrease of Rs.490) and Siemens Pakistan Engineering Co. Limited (with a decrease of Rs.53.6) are the net losers.

Fauji Cement Company Limited is leading the volume at KSE, having traded 10,079,000 shares so far.