KSE 100 slips by 350 after climbing for three consecutive days

After continually rising during the previous three sessions, KSE – 100 dropped by 350 points during the initial hours of today’s session. The index is at 41,440 points currently after slipping by 0.85%.

The high for the day so far has been recorded at 41,811 points, while the low is 41,341 points, thereby travelling in a range of 469 points.

As of now, 42.4 million shares have been traded in the 100 index, a value worth PKR 2.5 billion. The volume traded at the broader KSE index is 84.5 million shares, valued at PKR 3.3 billion. Both the volumes are much lesser than the volumes traded around the same time yesterday.

At KSE – 100, Engineering and Chemical sector are the top net gainers during the first half of the final session this week. After remaining on top and contributing positively to the index for three consecutive days, Commercial Banks is placed on top of the list of worst performers of the day, having taken away 150 points from the index until now. The next in line is Oil & Gas Exploration Companies and Cement.

Within KSE All Share, Rafhan Maize Products Limited with an increase of Rs.367.5 and Colgate-Palmolive Pakistan with an increase of Rs.124, are the best performers. On the other hand, Phillip Morris Pakistan (decrease of Rs.117.86) and Sapphire Textile Mills Limited (decrease of Rs.55.90) are the net losers so far.

Having traded 9,048,000 shares up till now, Lotte Chemicals Pakistan limited is leading the volume at KSE.