SANA MAHMOOD
KARACHI: On the last day of the week, KSE-100 index lost 0.15 percent (72.27 points), market closed at 49,623.81.
Bull was overpowered by the bear on Friday when investors opted to trip their positions.
Ahead of the weekend Rs.12.65 billion worth 118.71 million shares of indexed companies were traded.
Whereas, on the whole PSX volume was worth approximately Rs. 17.27billion as 392.03 million shares were changed hands.
383 companies’ stocks were traded (150 gained value, 219 declined and 14 remained unchanged).
Entities led the volumes included: Lotte Chemical, 60.2m shares traded (+3.72pc); Azgard Nine, 37.62m shares traded (+10.08pc); Silk Bank Ltd, 33.74m shares traded (+13.25pc), K-Electric Ltd, 21.51m shares traded (-0.4pc) & Power Cement Ltd, 17.82m shares traded (+5.28pc).
RELEVANT PIECES PUBLISHED EARLIER
KSE-100 index gains 704 points to close at 49,696
March 2, 2017
SANA MAHMOOD
KARACHI: Rumors apropos launching of a new leverage product has turned the bourse bullish. Since 1st day of November, 2016 record highest single-day gain was noticed when the index gained 1.44 % (704 points).
Rs. 12.8 billion worth of 148.3 million shares were traded. On the whole 398.5 million shares were traded on the PSX worth Rs. 17.7 billion. According to details 401 companies were traded: While 267 gained in value, 115 declined and 19 remained unchanged.
Today’s leaders were: Lotte Chemical: 58.3m shares traded (+9.24pc); K-Electric Ltd.: 29.4m shares traded (+3.54pc); Aisha Steel Mill: 20.6m shares traded (-2.28pc); TRG Pak Ltd.: 19m shares traded (+2.10pc) and Azgard Nine: 18.8m shares traded (+11.21pc).
Pundits at the helm of affairs are of the view that bullish trend will continue surging the index back to 50,000 level.
PSX: Bear reigns supreme on the opening day!
February 27, 2017
KARACHI: The KSE-100 Index remained under pressure as panic-induced selling and lack of positive triggers continued to dominate the bourse on the opening day of the week.
According to a PSX official, investors remain careful to engage with the Index as verdict on the Panama case is awaited after the hearing concluded in the previous week.
In addition, lack of positive news flow and regulations over in-house financing remained mood dampeners for stock market participants.
Nevertheless, the 100 index ended at 48,520.75 points after suffering initial loss of 0.99%.
Market talk suggests that stocks are likely to remain down in the short term with the outcome of the Panama case providing direction.
