January 04, 2023 (MLN): The benchmark KSE 100 Index seems encapsulating season of highs and lows as the market on Wednesday witnessed a selling pressure losing 91.34 points (0.22%) to close at 40,539.30 in intraday trading after making a high of 40,896.18 in the first hour.
By the session’s end, the total volumes of the KSE-100 index stood at 61.17million shares, down 24.33% from 80.84mn shares traded in Tuesday’s session.
In terms of sectors, most of the negative contributors were oil & gas exploration, commercial banks, and power gencos which negatively contributed 103.54 points. On the flip side, the positive contributors were fertilizers closed by 30.54 points.
Out of 100, shares of 91 companies were traded on Wednesday, of which 53 recorded a fall, 33 registered an increase, and 5 remain unchanged.
The scrips which emerged as net losers during the day included NESTLE (1.71%), PSMC (6.89%), HCAR (4.19%), EFUG (2.70%), and MARI (0.13%). On the other hand, the stocks that emerged as net gainers during the day included RMPL(5.48%), HINOON(1.78%), INDU (0.90%), SRVI (1.94%), and MTL (0.78%).
