Pakistan’s KSE – 100 loses 415 points

KSE – 100 fell today after the dominos started falling as the markets from Shanghai to US crumbled, while analysts remain perplexed as to the reasons of it. KSE – 100index during the course of day went on to fall more than 800 points, however, staged a recovery afterwards at the day end. Banking, Cement, and Steel sectors were the worst laggards during the day.  

Sector-wise all share index turnover was led by Tech & Comms: (30.300 million), Chemical (29.281 million), and Textile Composite (26.545 million) with Power Generation & Distribution (10.599 million) and Commercial Banks (10.424 million) stocks trailing at the bottom.

KSE - 100 Index at the day end moved a total of -415.69 points down by -0.94%, closing in at 43885.51 points with index high-low range of 44301.20 – 43498.24.

KSE – All Share Index Volume was at 237.796 million shares, value of shares traded for all-shares index reached PKR 8.463 billion.

The index movement was limited within the 802.96 points range.

17 companies closed up, whereas 69 were down at the day end.