KSE 100 slides over 450 points as selling pressure gains pace

The benchmark KSE – 100 index opened the day’s session in the red zone once again observing an overall downward trend throughout the day, and slipping below the 42,000 mark by the day end.

The index shed a total of 485 points to conclude the day’s session at 41,960 points, down by 1.14%.

Oscillating within a range of 732 points, the index advanced to an intraday high of 42,483 points and slipped to an overall intraday low of 41,750 points.

The companies listed within KSE-100 witnessed a trading activity of 83.6 million shares worth PKR 5.7 billion.

Sector-wise, Commercial Banks alone stripped the index of 138 points, while Cement companies took away 89 points and Fertilizer companies taking away 76 points from the index, thus ending up as the day’s worst performers within KSE – 100.

Out of the 92 companies within KSE – 100 that were traded today, 18 companies advanced to the green zone, 71 companies declined towards the red zone while 3 companies remained unchanged at the time of closing.

The KSE All Share Index too lost 301 points today to settle at 30,421 points at closing. An intraday high of 30,744 points was recorded within KSE All Share along with an intraday low of 30,313 points, with the index travelling a range of 431 points.

The total market volume traded at the Karachi Stock Exchange was about the same as yesterday, decreasing slightly from 145.3 million shares traded yesterday to 142.2 million shares traded today.

Chemical sector dominated the volumes today, as the companies within the sector collectively witnessed trading activity of 23.3 million shares.

Throughout Karachi Stock Exchange, 75 companies concluded the session positively while 237 companies concluded the session negatively.




Posted on: 2018-08-16T17:57:00+05:00