LAHORE: Indices at the Pakistan Stock Exchange’s (PSX) halted the upward trend on Tuesday losing -297.78 points. The benchmark indices were seen reversing gains as opposition leader announced a nationwide protest on January 17, 2018, as things do not look positive for PML-N government in Balochistan as well. The prime minister advised chief minister to resign prior to a no-confidence motion being taken up against him in the provincial assembly.
The KSE 100 index opened positive and gathered 139.28 points soon after open but dropped down 545.61 points by midday. The index settled the day lower by 297.78 points at 42,814.34. The KMI 30 index declined 545.10 points while the KSE All Share Index depreciated by 216.77 points. The advancers to decliners ratio stood at 132 to 212.
The market volumes rolled back from 270.61 million in the previous session to 225.34 million. TRG Pakistan Limited (TRG +4.62 per cent) led the volume ladder with 23.51 million shares traded. Worldcall Telecom (WTL -5.36 per cent) followed as 19.45 million shares were exchanged on the counter. Omantel injected $20 million into WTL to settle its liabilities and exit, company officials said on Monday.
The Oil and Gas Marketing Companies sector topped the gainers section. The sector added 2.39$ to its cumulative market capitalization. Shell Pakistan Limited (SHEL +5.00 per cent) and Sui Northern Gas Pipeline Limited (SNGP +5.00 per cent) both stroked the upper circuit breaker.
Attock Cement Pakistan Limited (ACPL -0.17 per cent) has notified the Pakistan Stock Exchange Limited (PSX) the successful commissioning of its 1.2 million tonnes per annum brownfield expansion plant. This has enhanced the Company’s existing cement capacity of 1.83 million tonnes per annum to new levels of 3.03 million tonnes per annum.
