AGL 5.60 Decreased By ▼ -0.18 (-3.11%)
ANL 8.90 Increased By ▲ 0.02 (0.23%)
AVN 76.85 Decreased By ▼ -2.07 (-2.62%)
BOP 5.26 Decreased By ▼ -0.02 (-0.38%)
CNERGY 4.63 Decreased By ▼ -0.07 (-1.49%)
EFERT 81.27 Decreased By ▼ -0.33 (-0.4%)
EPCL 50.08 Decreased By ▼ -0.83 (-1.63%)
FCCL 13.16 Decreased By ▼ -0.22 (-1.64%)
FFL 5.69 Decreased By ▼ -0.03 (-0.52%)
FLYNG 7.07 Decreased By ▼ -0.08 (-1.12%)
FNEL 4.79 Decreased By ▼ -0.03 (-0.62%)
GGGL 8.80 Decreased By ▼ -0.10 (-1.12%)
GGL 14.55 Decreased By ▼ -1.33 (-8.38%)
HUMNL 5.69 Decreased By ▼ -0.08 (-1.39%)
KEL 2.63 Decreased By ▼ -0.03 (-1.13%)
LOTCHEM 28.60 Decreased By ▼ -0.45 (-1.55%)
MLCF 24.49 Decreased By ▼ -0.61 (-2.43%)
OGDC 72.43 Decreased By ▼ -0.02 (-0.03%)
PAEL 15.36 Increased By ▲ 0.01 (0.07%)
PIBTL 5.00 Decreased By ▼ -0.05 (-0.99%)
PRL 16.10 Decreased By ▼ -0.19 (-1.17%)
SILK 1.08 Decreased By ▼ -0.01 (-0.92%)
TELE 9.14 Decreased By ▼ -0.23 (-2.45%)
TPL 7.23 Decreased By ▼ -0.10 (-1.36%)
TPLP 18.61 Decreased By ▼ -0.34 (-1.79%)
TREET 21.68 Decreased By ▼ -0.32 (-1.45%)
TRG 136.71 Decreased By ▼ -4.44 (-3.15%)
UNITY 16.88 Decreased By ▼ -0.14 (-0.82%)
WAVES 9.86 Decreased By ▼ -0.04 (-0.4%)
WTL 1.41 No Change ▼ 0.00 (0%)
BR100 4,225 Decreased By -29.6 (-0.7%)
BR30 15,518 Decreased By -214.7 (-1.36%)
KSE100 42,150 Decreased By -243.4 (-0.57%)
KSE30 15,588 Decreased By -75.7 (-0.48%)
Markets

KSE-100 retreats marginally in roller-coaster session

  • Mixture of upside and downside pressures cause index to undergo topsy-turvy ride
Published September 28, 2022
Follow us

The Pakistan Stock Exchange (PSX) reversed its trajectory on Wednesday and the KSE-100 Index receded 0.2% in a roller-coaster session.

The hybrid of upside and downside pressures made the market rise in the first half and fall in the second one.

As a result, the KSE-100 finished the day with a decrease of 83.1 points or 0.2% to close at 41,435.13.

KSE-100 extends gains, rises 0.89%

Trading began with a jump and the KSE-100 Index climbed until midday. A selling spree emerging towards noon, dragging the market lower.

Automobile, cement, fertiliser and oil sectors closed with losses, however, banking sector gained despite uncertainty.

A report from Capital Stake read that the PSX ended a volatile session on Wednesday flat.

“Indices which traded in green during early hours of the session failed to sustain gains and slipped lower and lower until finally closing the day in red while volumes depreciated from last close,” it said.

A report from Topline Securities stated that equities closed slightly negative where the benchmark KSE-100 Index settled at 41,435 level (down 0.20%).

“The day kicked off on a positive note continuing Tuesday’s momentum where the market make an intra-day high of 302 points, however this positivity did not sustain at the bourse and some profit taking has been witnessed which led the market to close slight negative,” it said.

On the economic front, rupee gained Rs1.79 or 0.76% against the US dollar on day-on-day basis ending the session at Rs232.12.

Sectors dragging the benchmark KSE-100 Index downward included technology and communication sector (48.30 points), oil and gas exploration sector (26.39 points) and fertiliser sector (25.37 points).

Volume on the all-share index contracted to 220.6 million from 230.65 million on Tuesday. On the other hand, the value of shares traded dropped to Rs8.03 billion from Rs9.6 billion recorded in the previous session.

TPL Pakistan was the volume leader with 29.3 million shares, followed by Cnergyico PK with 17.9 million shares and Ghani Global Holdings with 9.7 million shares

Shares of 337 companies were traded on Wednesday, of which 138 registered an increase, 165 recorded a fall, and 34 remained unchanged.

Comments

Comments are closed.

KSE-100 retreats marginally in roller-coaster session

Fawad says PTI ‘preparing for elections’ as Imran withdraws offer for talks

Tweets case: Quetta court approves Azam Swati’s five-day physical remand

Effective Nov 2022: Agri consumers of Discos, KE have to pay Rs23.30/unit

Provinces’ power sector schemes: Rs8.11bn approved by ECC

Opec+ likely to maintain oil output levels

Attack on diplomat: FO declines to confirm reports about suspect’s arrest

England set Pakistan 343-run target in first Test

PTI Sindh MPAs hand in their resignations

Pakistan ‘ever ready’ to take fight back to enemy: COAS responds strongly to India’s belligerence

IK says will dissolve assemblies ‘very soon’