Stock market closes in red as bearish sentiments continue to persist.

Performance of the capital market demonstrated negative sentiments amongst investors for the second day in a row, as the benchmark KSE – 100 index trailed a downward trend.

By the end of the day’s session, the 100 – index had shed 295 points, closing in at 42,249 points, down 0.69%.

An intraday high of 42,628 points was reached during the trading session, while the intraday low was recorded at 42,157 points. The index traveled within a range of 470 points.

Trade volume within KSE – 100 was noted to be 58.7 million shares at a value worth PKR 4.1 billion.

Among the 93 companies that were traded within KSE – 100 today, 23 companies advanced to the positive zone, 67 companies declined to the negative zone while 3 companies remained as they were in terms of their stock prices.

The top three losing sectors within KSE – 100 were Cement, Fertilizer and Oil & Gas Exploration Companies as the three collectively took away 194 points from the index. Tobacco sector, on the other hand, contributed a total of 28 points to the KSE 100 index and came out as the top contributor to the index today.

Meanwhile, the broader KSE All Share index dropped by merely 21 points to conclude the day’s trade at 30,736 points.

The intraday high within KSE All Share recorded at 30,816 points while intraday low was recorded at 30,542 points.

Of all the scrips traded within Karachi Stock Exchange in today’s session, 90 scrips closed the day in the positive zone, 228 scrips closed the day in the negative zone while 28 scrips remained as they were, based on net change in their stock prices.

These scrips witnessed trading activity of 134.8 million shares today, at a value of PKR 5.8 billion. Trade volume and value were down by 26.5% and 24.7%, as compared to yesterday’s figures.

Volumes within KSE was led by the Chemical sector, companies of which witnessed a trading activity of 36.1 million shares during the day.

Among the constituents within KSE, Agritech Limited (AGL) dominated the volumes with a volume of 14.4 million shares traded today.




Posted on: 2018-08-29T18:00:00+05:00