Down and down she goes, the KSE-100 Index could not contain itself as it went crumbling down throughout the day. Index heavy weights including cement, commercial banks, and fertilizers tanked during today’s session taking away 492 points amongst them.
KSE-100 Index at the day end lost a total of 903.12 points down by 2.42%, closing at 41115.78 points. Index Volume was 62.26 million shares, value of shares traded was PKR 5.74 billion with index low-high range of 41025.28 – 42043.21.
Almost all of the sectors listings in PSX-100 closed in red, barring Chemicals and Miscellaneous Stocks. Yesterday, the index lost more than 390 points at day’s end. The market has lost a total of 1293 points in the first two days of October.
Political uncertainty lingering since the disqualification of ex-PM and the recent cases of National Accountability Bureau against Ex-Prime Minister and Finance Minister Mr. Ishaq Dar have grabbed attention of the investors.
According to NCCPL data, Foreign Investors were net sellers yesterday, with a declining exposure in Oil & Gas Marketing Companies, Textile Composite and Power Generation & Distribution stocks.
7 companies closed up, whereas 81 were down at the day end.
5 – Gainers of the Day
Pak Suzuki Motors Ltd.
IGI Life Insurance
5 – Losers of the Day
Murree Brewery Pak
Indus Motors Ltd.
Lucky Cement Pak
Millat Tractors Ltd.
Atlas Honda Ltd.
Maple Leaf Cement Factory
TRG Pakistan Ltd.
Bank of Punjab
Fauji Cement Company Ltd.
D.G. Khan Cement Co. Ltd.
Sui Northern Gas Pipelines Ltd.
Pakistan International Bank Terminal Ltd.
Nishat Chunian Ltd.
Fauji Fertilizer Co. Ltd.