PSX Closing Bell: Index Loses another 368.44 Points

Karachi Mar 08, 2018 (MLN) : Trading at the Pakistan Stock Exchange remained bearish with the benchmark KSE100 Index losing another 368.44 points to close at 43,072.74

The market remained fairly volatile with the index moving in a range of 537.62 points or 1.24% of previous close. The index made an intraday high of 43,476.65 (+35.47) and a low of 42,939.03 (-502.15) points.

According to analysts, the main reason for the negative sentiment was the IMF concern over increasing fiscal and current account deficits and the potential risk to economic growth.

All Share Volume increased by 20.84 Million to 163.27 Million Shares. Market Cap decreased by Rs.79.40 Billion.

Total companies traded were 349 compared to 365 from the previous session. Of the scrips traded 80 closed up, 244 closed down while 25 remained unchanged.

Total trades increased by 7,160 to 65,414.

Value Traded increased by 1.53 Billion to Rs.7.41 Billion

Company Volume
Top Ten by Volume

Azgard Nine 24,770,500
K-Electric 9,032,000
Pak Elektron 8,907,000
Fauji Cement Company 7,187,500
Unity Foods 7,008,000
Dewan Cement 6,997,500
Matco Foods 6,091,500
TRG Pakistan 5,354,500
Agritech 5,337,000
Pakistan Telecommunication Company Ltd 5,139,500
Sector Volume
Top Sector by Volume

Textile Composite 26,063,900
Cement 22,355,700
Technology & Communication 15,772,500
Power Generation & Distribution 11,688,000
Chemical 11,182,200
Food & Personal Care Products 10,438,220
Cable & Electrical Goods 10,164,950
Vanaspati & Allied Industries 7,013,600
Commercial Banks 6,640,100
Engineering 6,399,800
Posted on: 2018-03-08T18:17:00+05:00