KSE-100 index declines by 149 points

KSE-100 index declines by 149 points

KARACHI: The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) fell by 149 points on Thursday. The index closed at 47,641 points as against previous day’s closing of 47,790 points, showing a decline of 149 points.

Analysts at Arif Habib Limited said that the market traded in a narrow range between -207 points and +107 points.

Profit booking was still at works, particularly in Technology, Banks, O&GMCs and Chemical stocks, where prices went up in previous sessions, whereas Steel and Cement sector stocks saw continuation of consolidation.

Rupee parity has been stable however the outlook suggests an appreciation is in the offing that kept the investors undecided on portfolio positions.

Among scrips, PTC led the table with 62.1 million shares, followed by TPL (42.6 million) and TELE (35.6 million).

Sectors contributing to the performance include Misc (-36 points), Cement (-22 points), Technology (-20 points), O&GMCs (-17 points) and Pharma (-14 points).

Volumes increased from 532.9 million shares to 546.8 million shares (+2 per cent DoD). Average traded value also increased by 1 per cent to reach US$ 92.7 million as against US$ 92.8 million.

Stocks that contributed significantly to the volumes include PTC, TPL, TELE, GGL and HUMNL, which formed 35 per cent of total volumes.

Stocks that contributed positively to the index include JLICL (+9 points), MTL (+9 points), PTC (+8 points), MEBL (+6 points) and HMB (+5 points). Stocks that contributed negatively include PSEL (-36 points), SYS (-15 points), TRG (-13 points), BAHL (-10 points) and SNGP (-10 points).

Leave a Reply

Your email address will not be published. Required fields are marked *