Bears growl all over the bourse as Panamagate and Pre-budget doubts unnerve investors!

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Post author:M M Alam
Post published:17/04/2017
Post category:Business / Economy / Karachi

SANA MAHMOOD

KARACHI: On the first day of trading KSE-100 lost 0.95 percent as due to Panamagate and pre-budget doubts investors were tense.

Rs. 8.18 billion worth of 154.16 million shares were traded today. Of the 361 companies that traded 14 remained unchanged, only 68 advanced while the remaining declined.

Today’s top five leaders were: TRG Pakistan 16.26m shares (+0.82pc), Aisha Steel Mill 6.93m shares (-2.29pc), Engro Polymer 6.89m shares (+1.64pc), K-Electric Ltd. 6.21m shares traded (-1.38pc), Bank of Punjab 6.13m shares (-4.07pc).

Tags: Bears growl all over the bourse as Panamagate and Pre-budget doubts unnerve investors!

M M Alam

M. M. Alam is a Pakistan-based working journalist since 1981. Karachi University faculty gold medalist Alam began his career four decades ago by writing for Dawn, Pakistan’s highest circulating English daily. He has worked for region’s leading publications, global aviation periodicals including Rotors (of USA) and vetted New York Times as permanent employee of daily Express Tribune. Alam regularly covers international aviation and defense-related events including Salon Du Bourget (France), Farnborough (United Kingdom), Dubai (UAE). Alam has reported thousands of events and interviewed hundreds of people in Pakistan, UAE, EU, UK and USA. Being Francophone Alam also coordinates with a number of French publications.