KSE 100 takes a U-turn as Index suffers losses yet again

The uplift in the KSE-100 index proved ephemeral yet again as the index reverted to its red zone once more, having shed 129 points and closing at 40,920.31 points.

Confined by an intraday high of 41,230.69 and intraday low of 40,790.06, the index moved within a range of 440 points, while the scrips listed within KSE – 100 witnessed a trading activity of 80.2 million shares, at a value worth PKR 5.4 billion.

Emerging as the worst performing sectors of the day, Commercial Banks and Oil & Gas Exploration jointly took away over 100 points from the KSE – 100 index.

Losses on blue chip stocks drove the index with HBL (-1.89%), PPL (-0.96%), HUBC (-1.31%), SNGP (-2.87%), UBL (-1.02%) and COLG (-4.46%), causing major runs on the index.

Similarly, the broader KSE All Share shed 72.47 points by the day end, closing in at 29,965.82 points, down by 0.24%. An intraday high of 30,161 points was recorded for the KSE All Share index, while the intraday low sunk to 29,927 points today.

Over 156.3 million shares of the scrips listed within the broader KSE All Share Index were traded today, with its value recorded at Rs.7 billion. Moreover, Chemical sector ended up as the volume leader at PSX today.

The total number of companies traded today were 314 out of which 151 closed up, 144 closed down while 19 remained unchanged from their previous stock prices.

Volume leaders

Top Gainers

Top Losers