KSE-100 Index began at 48385.58, then took a sharp steep in the early hours and went down to the lowest for the day at 47820.31. After that it improved a little, slowed down again before closing at 47933.36. Total number of shares traded was 104,267,230, with a value of Rs 7.2 billion.
According to Topline Market Review today’s report, Pakistan Stock Exchange (PSX), extended losses from yesterday’s session. It declined by 0.9pc (or 426 points) and closed below the 48k mark. Volumes of traded shares decreased by 11pc to 241m shares, while traded value fell by 22pc at Rs10.8bn/US$103mn.
Some companies experienced across the board selling with HBL -1.7pc, HUBC -1.9pc, LUCK -1.2pc, UBL -1pc and KTML -4.6pc, eroding 169pts from the index. MARI (+5pc) capped for a second session, while overnight gains in crude oil supported OGDC (+1pc). The scripts added 48pts.
Big tobacco continued to draw interest with PMPK +3.9pc and PAKT +1.1pc gaining despite the broader sell-off.
