Pakistan’s benchmark KSE – 100 Index today went through a volatile session as it moved in a range of 723 points during the day. The index today succumbed to selling pressure early on to lose more than 277 points at the day end, closing at 43294.95 points.

Commercial Banks, Fertilizer, Oil & Gas Marketing Companies and Power Generation & Distribution closed the session at the bottom after collectively taking away more than 240 points.

In the results review, D. G. Khan Cement and National Bank of Pakistan reported financial results for their respective periods today. Board of Directors at the annual meeting of D. G. Khan Cement held today in Lahore, have approved to invest PKR 850 million in Hyundai Nishat Motor (HNMPL) to subscribe for 85,000,000 ordinary shares of Hyundai Nishat Motors Private Limited at Rupees 10 each, continue letters of credit, and enter in to agreements with the partners.

Furthermore, Management at Amreli Steel today approved second phase of expansion of the existing rolling mill with a total cost of Rs. 2 billion to increase production by 95,000 metric tons per annum, informed the company notice addressed to exchange. The Steel manufacturer also mentioned that in order to expand and modernize the plant, the existing plant will be shut down for ten (10) months from June, 2019 to March 2020.

Sector-wise all share index turnover was led by Food & Personal Care Products (19.267 million), Cement (14.965 million), and Technology & Communication (12.187 million) with Textile Composite (4.733 million) and Transport (3.657 million) stocks trailing at the bottom.

KSE – 100 Index at the day end moved a total of -277.72 points down 0.64%, closing in at 43294.95 points with index high-low range of 43588.77 – 42864.82.

KSE – All Share Index Volume was at 169.709 million shares, value of shares traded for all-shares index reached PKR 7.788 billion.

KSE 100 Chart, Mettis Global

The index moved in the range of 723.95 points.

25 companies closed up, whereas 63 were down at the day end.