LAHORE: KSE 100 witnessed volatile day on Tuesday, where market crashed to another fresh 2017 intra-day low of 37,737 points before value investors cherry picked stocks with attractive valuations which led the index to recover and close slightly in the green zone at 38,525 points (+0.1 per cent).
Meanwhile, political uncertainty due to a deadlock in the Senate over proposed bills has raised concerns over timely elections in 2018.
Further, recently volatility in the Pakistani Rupee also raised sector specific confusion where after closing at Rs 108.75 to the dollar on Monday, Pak Rupee slipped again today to a high of Rs 111.5 before settling around Rs 110.6/Rs 111.
Participation improved, volumes increase 51 per cent d/d while traded value rose 46 per cent.
Top index point leaders were HUBC (+3 per cent), HBL (+1.6 per cent), ENGRO (+2.1 per cent), PSO (+3.3 per cent) & POL (+1.7 per cent) adding 160 points, while stocks including DAWH (-2.8 per cent), DGKC (-2.2 per cent), LUCK (-1 per cent), INIL (-4.6 per cent) & FFC (-1 per cent) withheld 70 points.
On the sector front; power generation and distribution added 76 points, commercial banks added 43 points, oil & gas exploration companies added 41 points, and on the flip side cement took away 37 points, insurance fell 26 points, engineering was down 22 points.
