AVN 64.76 No Change ▼ 0.00 (0%)
BAFL 31.49 Increased By ▲ 0.31 (0.99%)
BOP 4.79 Decreased By ▼ -0.03 (-0.62%)
CNERGY 3.85 No Change ▼ 0.00 (0%)
DFML 14.48 Increased By ▲ 0.48 (3.43%)
DGKC 41.65 No Change ▼ 0.00 (0%)
EPCL 46.81 Increased By ▲ 0.51 (1.1%)
FCCL 11.33 Decreased By ▼ -0.07 (-0.61%)
FFL 5.06 No Change ▼ 0.00 (0%)
FLYNG 5.82 Increased By ▲ 0.02 (0.34%)
GGL 10.46 Increased By ▲ 0.55 (5.55%)
HUBC 65.54 Increased By ▲ 1.34 (2.09%)
HUMNL 5.61 No Change ▼ 0.00 (0%)
KAPCO 27.73 Decreased By ▼ -0.09 (-0.32%)
KEL 2.16 Increased By ▲ 0.01 (0.47%)
LOTCHEM 24.40 Decreased By ▼ -0.10 (-0.41%)
MLCF 21.51 Decreased By ▼ -0.34 (-1.56%)
NETSOL 84.61 Increased By ▲ 0.31 (0.37%)
OGDC 87.02 Decreased By ▼ -0.09 (-0.1%)
PAEL 11.00 Increased By ▲ 0.05 (0.46%)
PIBTL 4.19 Decreased By ▼ -0.04 (-0.95%)
PPL 75.35 Decreased By ▼ -1.43 (-1.86%)
PRL 13.60 Decreased By ▼ -0.13 (-0.95%)
SILK 0.89 Decreased By ▼ -0.03 (-3.26%)
SNGP 41.27 Decreased By ▼ -0.33 (-0.79%)
TELE 5.84 Decreased By ▼ -0.11 (-1.85%)
TPLP 15.62 Increased By ▲ 0.01 (0.06%)
TRG 111.84 Increased By ▲ 0.59 (0.53%)
UNITY 13.97 Increased By ▲ 0.13 (0.94%)
WTL 1.17 Increased By ▲ 0.03 (2.63%)
BR100 4,064 Increased By 18.2 (0.45%)
BR30 14,468 Increased By 34.8 (0.24%)
KSE100 40,734 Increased By 113.6 (0.28%)
KSE30 15,230 Increased By 59.4 (0.39%)
Markets

KSE-100 slides over lack of investor participation

  • Value hunting towards the end of the session provides support to market
Published November 14, 2022
Follow us

The Pakistan Stock Exchange (PSX) recorded a negative session on Monday as the KSE-100 Index slid 0.56% owing to thin trade volumes.

Investors chose to remain on the sidelines amid selloff which dragged the market downward.

By the end of the session, the KSE-100 Index was down 242.12 points or 0.56% to close at 42,850.83.

KSE-100 rises to highest level since August 2022 after 0.45% gain

Trading began with a decline and the session as marred by profit taking. The index remained range-bound during midday but value buying, towards the end of the day, provide some relief to the market.

Index-heavy automobile, cement, oil and banking sectors closed with losses.

A report from Arif Habib Limited stated that the benchmark KSE-100 index started the week off poorly.

“The market started off in the red and proceeded to trade in the same range reaching an intra-day low of 42,761.88 points due to lack of investors’ participation,” it said. “Mainboard activity remained flat as the third tier stocks continued to be the volume leaders.”

On the economic front, rupee registered another marginal decline, falling 0.02% or Re0.05 against the US dollar in the inter-bank market to close at 221.69.

Sectors contributing to the performance included exploration and production (-86.5 points), cement (-38.4 points), fertiliser (-37.2 points), commercial banks (-37 points) and miscellaneous (-31.3 points).

Volume on the all-share index declined to 185.5 million from 232.8 million on Friday. The value of shares traded dropped to Rs6 billion from Rs7.6 billion recorded in the previous session.

Hascol was the volume leader with 26.6 million shares, followed by PTCL with 12.8 million shares and Lotte Chemical Limited with 10.2 million shares

Shares of 353 companies were traded on Monday, of which 120 registered an increase, 211 recorded a fall, and 22 remained unchanged.

Comments

Comments are closed.

KSE-100 slides over lack of investor participation

Dar gives go-ahead to Saylani, other charities to help raise $2bn from overseas Pakistanis

New historic low: rupee settles at 271.36 against US dollar

Country can excel at nuclear power generation: PM Shehbaz

Pakistan expects 'sincere cooperation' from Afghan interim govt to address terrorism: FO

Pakistan’s textile exports significantly decline in January: APTMA

Murad Saeed announces protest against rising terrorism in KP

Local court sends Sheikh Rashid on two-day physical remand

Capital gain lifts Norwegian operator Telenor to record earnings

Foreign funding case: IHC rejects PTI’s petition against ECP ruling

Fawad warns Punjab, KP governors of Article six trial if elections delayed