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Stocks bleed as KSE-100 Index loses more than 500 points

The Pakistan Stock Exchange started the week on a bearish note, with the benchmark KSE-100 Index losing 536 points, or 1.09pc, by the end of trading to reach 48,655.72.

Volumes were led by the engineering sector, followed by refinery and commercial banking stocks, as the benchmark index slipped below 49,000 points yet again.

Volumes plunged to 50 million shares, with a total worth of only Rs4.99 billion.

“Low volumes with declining global oil prices led the decline in the index,” Hammad Aman of Topline Securities said.

Overall, stocks of 384 companies were traded on the exchange, of which 77 gained in value, 290 declined and 17 remained unchanged.

Volumes were led by:

  1. Aisha Steel Mill: 10.6m shares traded (+3.64pc);

  2. Pak Refinery: 9.99m shares traded (-4.99pc);

  3. Dost Steels Ltd: 9m shares traded (-0.49pc);

  4. K-Electric Ltd: 7.42m shares traded (+0.42pc); and,

  5. TRG Pak Ltd: 7.01m shares traded (-4.34pc).

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About TAUQEER RIAZ Utmanzai (1973 Articles)
Broadcast Journalist/Columnist/Blogger & Social activist. --------------------------------------------- Follow on Twitter: https://twitter.com/tauqeerriaz On FB:www.facebook.com/tauqeerkhanutmanzai.
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