Mettis Global News
Mettis Global News
Mettis Global News
Mettis Global News

MPS Preview: High for Longer

PSX Closing Bell – Rs. 139 Billion wiped out as Index loses 2.22 Percent

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KSE100 Index ended Thursday's trading session 713.15 points lower to close at 31,441.02, the first time since December 01, 2015 that the index has ended below the 32,000 point level. This is the ninth consecutive trading session where the index has closed negative. The index touched an intraday low of 31,364.13 (-790.04) points (2.46%). Total Volume improved to 190 Million shares compared to 115 million from the previous session. Market Cap. decreased by 139 million and in the session and has decreased by Rs 366.55 Billion since Jan 1, 2016. Out of the 357 traded companies only 40 closed up while 299 closed down and 18 remained unchanged.

Scrip Volume Change
Top Volume Leaders
K-Electric Ltd. 13,565,500 -0.14
Oil & Gas Dev. 8,948,800 -3.55
Pak Elektron 8,222,500 -3.01
B.O.Punjab 8,154,500 -0.23
Fauji Cement 7,534,000 -0.51

In the top 30 traded companies only one closed with a positive net change.

Sector Volume
Most Active Sectors
Cement 26,520,300
Commercial Banks 20,946,100
Power Generation & Distribution 18,315,900
Oil & Gas Exploration Companies 15,419,650
Technology & Communication 13,748,000

According to figures released by NCCPL Foreign Investors were net buyers by USD 0.148 Million.

The Index has lost 1,787.93 points or 5.38% in the last nine sessions and, if it closes negative again on Friday, will make it ten successive negative session for the second time in less than two months having achieved this feat in November 2015.

Posted on: 2016-01-14T19:20:00+05:00