BML 4.83 Decreased By ▼ -0.08 (-1.63%)
BOP 12.78 Decreased By ▼ -0.28 (-2.14%)
CNERGY 7.05 Decreased By ▼ -0.07 (-0.98%)
CPHL 83.99 Decreased By ▼ -0.66 (-0.78%)
DCL 13.54 Decreased By ▼ -0.18 (-1.31%)
DGKC 171.35 Decreased By ▼ -1.99 (-1.15%)
FCCL 45.90 Decreased By ▼ -0.70 (-1.5%)
FFL 15.66 Decreased By ▼ -0.04 (-0.25%)
GCIL 26.30 Decreased By ▼ -0.37 (-1.39%)
HUBC 147.70 Decreased By ▼ -2.69 (-1.79%)
KEL 5.38 Increased By ▲ 0.11 (2.09%)
KOSM 6.34 Decreased By ▼ -0.06 (-0.94%)
LOTCHEM 20.76 No Change ▼ 0.00 (0%)
MLCF 83.72 Decreased By ▼ -1.72 (-2.01%)
NBP 125.98 Decreased By ▼ -2.87 (-2.23%)
PAEL 41.50 Decreased By ▼ -0.55 (-1.31%)
PIAHCLA 21.82 Decreased By ▼ -0.34 (-1.53%)
PIBTL 9.76 Decreased By ▼ -0.33 (-3.27%)
POWER 14.00 Increased By ▲ 0.06 (0.43%)
PPL 163.80 Decreased By ▼ -0.16 (-0.1%)
PREMA 41.70 Decreased By ▼ -0.28 (-0.67%)
PRL 32.35 Decreased By ▼ -0.47 (-1.43%)
PTC 22.97 Decreased By ▼ -0.59 (-2.5%)
SNGP 117.09 Decreased By ▼ -0.88 (-0.75%)
SSGC 44.51 Decreased By ▼ -0.74 (-1.64%)
TELE 7.80 Decreased By ▼ -0.20 (-2.5%)
TPLP 10.05 Decreased By ▼ -0.07 (-0.69%)
TREET 23.36 Decreased By ▼ -0.61 (-2.54%)
TRG 56.63 Decreased By ▼ -0.38 (-0.67%)
WTL 1.50 Decreased By ▼ -0.02 (-1.32%)
BR100 14,132 Decreased By -7 (-0.05%)
BR30 39,622 Decreased By -513.8 (-1.28%)
KSE100 138,788 Increased By 123 (0.09%)
KSE30 42,358 Increased By 5.3 (0.01%)
Markets

KSE-100 falls 0.57% amid rupee depreciation

  • Prolonged spell of range-bound trading ends at PSX
Published September 15, 2022

The Pakistan Stock Exchange (PSX) ended the prolonged spell of range-bound trading however, the KSE-100 index receded 0.57% on Thursday as investors remained concerned over depreciation of rupee.

Investor scepticism over receipt of funding from friendly nations also took a toll on trading environment. At close, the KSE-100 Index finished with a drop of 239.73 points or 0.57% to close at 41,772.09.

Trading kicked off on an optimistic note and the market rose for most part of the day however the index reversed its trajectory in final hours and erased all gains to end with a loss.

Index-heavy automobile, cement banks, fertiliser and oil felt the heat of the sell-off and closed in red.

KSE-100 closes flat amid volatile trading

A report from Topline Securities stated that Pakistan equities saw mixed sentiments.

“KSE-100 Index commenced the day on a positive note in anticipation of flows from different bi and multilateral institutions to assist in stabilising the ailing economy of the country,” the statement said.

During the session, the index made an intraday high at 42,312 (+300 points; up 0.71%) where the profit taking kicked in which compelled market towards an intraday low at 41,725 (287 points; down 0.68%) before eventually settled at 41,772 (-240 points; down 0.57%) for the day, it said.

A report from Capital Stake said that bears took control of the PSX on Thursday.

“Indices started out in positive direction then slipped lower and lower towards the end of the session till final closing in red, while volumes increased from last close,” it said.

The Pakistani rupee extended decline for the 10th session and weakened Rs1.57 against US dollar on day-on-day basis to close the session at Rs235.88.

Sectors driving the benchmark KSE-100 Index north included technology and communication sector (70.53 points), power generation and distribution sector (54.41 points) and oil and gas exploration sector (23.90 points).

Volume on the all-share index jumped to 260 million from 156.6 million on Wednesday. On the other hand, the value of shares traded soared to Rs10.1 billion from Rs6.55 billion recorded in the previous session.

TRG Pakistan was the volume leader with 27.4 million shares, followed by WorldCall Telecom with 21.6 million shares and TPL Properties with 21.5 million shares.

Shares of 341 companies were traded on Wednesday, of which 114 registered an increase, 206 recorded a fall, and 21 remained unchanged.

Comments

Comments are closed.