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PSX Closing Bell – Index Loses 439 Points, Closes Negative for Tenth Straight Session

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KSE100 Index managed to repeat its feat from two months ago when it closed negative for a tenth straight session. The index had remained positive for much of Friday's first session making an intraday high of 31,637.22 (+196.20) points before closing the first session with a 51 point gain. It could not, however, sustain that level and fell at the start of the second session touching a low of 30,887.74 (-553.28) before closing at  31,001.49 (439.53) points. The Index traded in a range of 749.48 points or 2.38 % of previous close. Total traded volume fell to 137 million shares compared to 190 million from the previous session while Market Cap decreased by another Rs.80 billion. Out of the 331 traded companies 84 closed up, 230 closed down while 17 remained unchanged.

Scrip Volume Change
Top Traded
TRG Pak Ltd 19,617,500 -1.39
Pak Elektron 7,367,500 -0.95
Jah.Sidd. Co. 6,688,500 -0.81
Telecard Limited 5,980,000 0.39
Fauji Cement 5,744,000 -0.41
Sector Volume
Most Active Sectors
Technology & Communication 29,026,500
Cement 15,383,000
Commercial Banks 10,230,300
Inv. Banks / Inv. Cos. / Securities Cos. 10,105,500
Cable & Electrical Goods 9,653,000

According to figures released by NCCPL Foreign Investors were Net Sellers by USD 4.316 Million. For the week, Foreign Investors were net buyers by USD 1.21 Million

Day Amount *
Daily Foreign Portfolio Position for Current Week
Monday 1,376,925
Tuesday 3,850,234
Wednesday 151,376
Thursday 148,837
Friday -4,316,949
Total 1,210,423

* Amount in USD

During the week the index lost 1,533.36 points or 4.71% of its value wiping out Rs.320 Billion in Market Cap. In the last 10 Days the index has lost 2,227.46 points or 6.70% of its value reducing the market cap by Rs.456 Billion.

Posted on: 2016-01-15T18:31:00+05:00