AIRLINK 78.39 Increased By ▲ 5.39 (7.38%)
BOP 5.34 Decreased By ▼ -0.01 (-0.19%)
CNERGY 4.33 Increased By ▲ 0.02 (0.46%)
DFML 30.87 Increased By ▲ 2.32 (8.13%)
DGKC 78.51 Increased By ▲ 4.22 (5.68%)
FCCL 20.58 Increased By ▲ 0.23 (1.13%)
FFBL 32.30 Increased By ▲ 1.40 (4.53%)
FFL 10.22 Increased By ▲ 0.16 (1.59%)
GGL 10.29 Decreased By ▼ -0.10 (-0.96%)
HBL 118.50 Increased By ▲ 2.53 (2.18%)
HUBC 135.10 Increased By ▲ 2.90 (2.19%)
HUMNL 6.87 Increased By ▲ 0.19 (2.84%)
KEL 4.17 Increased By ▲ 0.14 (3.47%)
KOSM 4.73 Increased By ▲ 0.13 (2.83%)
MLCF 38.67 Increased By ▲ 0.13 (0.34%)
OGDC 134.85 Increased By ▲ 1.00 (0.75%)
PAEL 23.40 Decreased By ▼ -0.43 (-1.8%)
PIAA 26.64 Decreased By ▼ -0.49 (-1.81%)
PIBTL 7.02 Increased By ▲ 0.26 (3.85%)
PPL 113.45 Increased By ▲ 0.65 (0.58%)
PRL 27.73 Decreased By ▼ -0.43 (-1.53%)
PTC 14.60 Decreased By ▼ -0.29 (-1.95%)
SEARL 56.50 Increased By ▲ 0.08 (0.14%)
SNGP 66.30 Increased By ▲ 0.50 (0.76%)
SSGC 10.94 Decreased By ▼ -0.07 (-0.64%)
TELE 9.15 Increased By ▲ 0.13 (1.44%)
TPLP 11.67 Decreased By ▼ -0.23 (-1.93%)
TRG 71.43 Increased By ▲ 2.33 (3.37%)
UNITY 24.51 Increased By ▲ 0.80 (3.37%)
WTL 1.33 No Change ▼ 0.00 (0%)
BR100 7,493 Increased By 58.6 (0.79%)
BR30 24,558 Increased By 338.4 (1.4%)
KSE100 72,052 Increased By 692.5 (0.97%)
KSE30 23,808 Increased By 241 (1.02%)

The KSE-100 Index dropped sharply after the mid-day break as Sindh announced imposing a nine-day lockdown due to rising coronavirus cases, weakening investor confidence during the trading session at the Pakistan Stock Exchange (PSX) on Friday.

The index started the day in the green, hitting an intra-day high of 47,643. However, announcement of the lockdown dented investor sentiment, eventually causing the KSE-100 to end negative with a fall of 257.04 points. At close, the index finished at 47,055.29.

On a weekly basis, the benchmark KSE-100 index lost 1.54%.

As per analysts, the announcement of a lockdown in Sindh to curb the spread of the coronavirus dented investors’ confidence, said Capital Stake in a post-market comment.

Sindh decides to impose lockdown in Karachi till August 8

The Sindh government on Friday decided to impose a 'partial' lockdown in Karachi, starting tonight until August 8. The decision was taken in a meeting of the Provincial Corona Task Force, chaired by Chief Minister Murad Ali Shah, who later said that this lockdown is partial, and not like the one imposed earlier.

Sectors dragging the KSE-100 index lower included technology and communication (55.23 points), fertilizer (41.93 points), and cement (40.12 points).

Volume on the all-share index increased from 376.44 million on Thursday to 399.09 million on Friday. The value of shares traded during the session amounted to Rs13.76 billion, an increase from Rs12.266 billion on Thursday.

KSE-100 stages recovery to end just 6 points lower

WorldCall Telecom remained the volume leader with 39.17 million shares, followed by Byco Petroleum with 38.43 million shares, and Telecard Limited at 24.59 million shares.

Shares of 407 companies were traded on Friday, of which 139 registered an increase, 252 recorded a fall, while 16 remained unchanged.

Comments

Comments are closed.