ANL 19.29 Decreased By ▼ -1.56 (-7.48%)
ASC 13.45 Decreased By ▼ -0.09 (-0.66%)
ASL 22.20 Decreased By ▼ -0.80 (-3.48%)
BOP 8.18 Decreased By ▼ -0.02 (-0.24%)
BYCO 7.55 Decreased By ▼ -0.26 (-3.33%)
FCCL 17.45 Decreased By ▼ -0.35 (-1.97%)
FFBL 22.10 Decreased By ▼ -0.65 (-2.86%)
FFL 15.20 Decreased By ▼ -0.30 (-1.94%)
FNEL 7.40 Increased By ▲ 0.05 (0.68%)
GGGL 17.00 Decreased By ▼ -0.83 (-4.66%)
GGL 39.30 Decreased By ▼ -0.71 (-1.77%)
HUMNL 5.76 Decreased By ▼ -0.26 (-4.32%)
JSCL 18.00 Decreased By ▼ -0.30 (-1.64%)
KAPCO 35.95 Decreased By ▼ -0.40 (-1.1%)
KEL 3.29 Decreased By ▼ -0.11 (-3.24%)
MDTL 2.50 Decreased By ▼ -0.15 (-5.66%)
MLCF 34.24 Decreased By ▼ -0.86 (-2.45%)
NETSOL 119.85 Decreased By ▼ -9.55 (-7.38%)
PACE 4.94 Increased By ▲ 0.19 (4%)
PAEL 26.53 Decreased By ▼ -0.47 (-1.74%)
PIBTL 8.71 Decreased By ▼ -0.14 (-1.58%)
POWER 7.25 Decreased By ▼ -0.20 (-2.68%)
PRL 16.97 Decreased By ▼ -0.18 (-1.05%)
PTC 9.65 Decreased By ▼ -0.36 (-3.6%)
SILK 1.50 No Change ▼ 0.00 (0%)
SNGP 45.10 Increased By ▲ 0.10 (0.22%)
TELE 17.48 Decreased By ▼ -1.41 (-7.46%)
TRG 161.00 Decreased By ▼ -1.70 (-1.04%)
UNITY 31.80 Decreased By ▼ -1.15 (-3.49%)
WTL 2.85 Decreased By ▼ -0.09 (-3.06%)
BR100 4,718 Decreased By ▼ -14.65 (-0.31%)
BR30 22,320 Decreased By ▼ -482.1 (-2.11%)
KSE100 45,074 Decreased By ▼ -223.36 (-0.49%)
KSE30 17,742 Decreased By ▼ -68.18 (-0.38%)

Coronavirus
VERY HIGH Source: covid.gov.pk
Pakistan Deaths
27,524
4224hr
Pakistan Cases
1,236,888
2,06024hr
4.58% positivity
Sindh
454,510
Punjab
427,583
Balochistan
32,837
Islamabad
104,913
KPK
172,766

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.