KSE-100 index slumps by 53.98 points, on lack of fresh triggers

November 15, 2022 (MLN): Pakistan equities observed a lackluster trading session throughout the day and it closed negative, and investors remained sideways due to political noise and lack of triggers.

As a result, the KSE-100 index loses 53.98 points (0.13% DoD) to close the session at 42,796.85.

The benchmark KSE-100 index made an intraday low of 42,748.71 and an intraday high of 43,035.78 during the day.

By the session’s end, the total volumes of the KSE-100 index stood at 97.30mn shares, increased by 15.33% from 82.38mn shares traded last week Friday.

Shares of 92 companies were traded on Tuesday, of which 48 recorded a fall, 40 registered an increase, whereas four remain unchanged.

In terms of sectors, most of the negative contributors were technology, miscellaneous, and power gencos which negatively contributed 100.32 points. On the flip side, the oil and gas exploration companies closed the session positive, gaining 37.91 points by the day’s end

Meanwhile, the volume leaders on the benchmark index were LOTCHEM (17.83mn), TRG (12.40mn), UNITY (10.77mn), PPL (8.33mn), and CNERGY (7.78mn).

The stocks that emerged as net losers during the day included: PSEL (6.27%), COLG (0.57%), MARI (0.53%), TRG (3.65%), and THALL (1.59%). On the other hand, the scrips which gained the most during the session included PKGS (2.31%), MUREB (2.23%), INDU (0.84%), ARPL (1.28%), and PSMC (3.19%).

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