AVN 68.60 Increased By ▲ 0.85 (1.25%)
BAFL 31.10 Increased By ▲ 0.12 (0.39%)
BOP 4.90 Increased By ▲ 0.09 (1.87%)
CNERGY 3.93 Increased By ▲ 0.17 (4.52%)
DFML 14.26 Increased By ▲ 0.28 (2%)
DGKC 42.75 Increased By ▲ 1.75 (4.27%)
EPCL 47.60 Increased By ▲ 0.55 (1.17%)
FCCL 12.12 Increased By ▲ 0.47 (4.03%)
FFL 5.37 Increased By ▲ 0.21 (4.07%)
FLYNG 6.28 Increased By ▲ 0.34 (5.72%)
GGL 11.28 Decreased By ▼ -0.01 (-0.09%)
HUBC 67.70 Decreased By ▼ -0.25 (-0.37%)
HUMNL 5.85 Increased By ▲ 0.15 (2.63%)
KAPCO 28.01 Decreased By ▼ -0.03 (-0.11%)
KEL 2.32 Increased By ▲ 0.05 (2.2%)
LOTCHEM 26.68 Increased By ▲ 0.48 (1.83%)
MLCF 22.84 Increased By ▲ 1.18 (5.45%)
NETSOL 87.72 Increased By ▲ 1.27 (1.47%)
OGDC 102.39 Increased By ▲ 1.90 (1.89%)
PAEL 11.63 Increased By ▲ 0.48 (4.3%)
PIBTL 4.34 Increased By ▲ 0.10 (2.36%)
PPL 82.20 Increased By ▲ 1.60 (1.99%)
PRL 13.68 Increased By ▲ 0.45 (3.4%)
SILK 0.93 Increased By ▲ 0.02 (2.2%)
SNGP 44.70 Increased By ▲ 0.80 (1.82%)
TELE 6.35 Increased By ▲ 0.28 (4.61%)
TPLP 16.20 Increased By ▲ 0.35 (2.21%)
TRG 125.00 Increased By ▲ 3.42 (2.81%)
UNITY 14.35 Increased By ▲ 0.35 (2.5%)
WTL 1.34 Increased By ▲ 0.02 (1.52%)
BR100 4,253 Increased By 71.7 (1.71%)
BR30 15,546 Increased By 276.6 (1.81%)
KSE100 42,342 Increased By 618.7 (1.48%)
KSE30 15,973 Increased By 226.9 (1.44%)
Markets

KSE-100 falls 0.38% over delayed IMF review

  • Market remains range-bound for most part of the day
Published November 17, 2022
Follow us

The Pakistan Stock Exchange endured a tumultuous session on Thursday and the KSE-100 offloaded 0.38% as investors weighed sentiment on delay in International Monetary Fund’s (IMF) review of Pakistan’s economy.

This motivated the market participants to sell off their holdings, dragging the KSE-100 lower.

KSE-100 stages turnaround, rises 0.44%

By the end of the day, the KSE-100 Index was down 164.03 points or 0.38% to close at 42,819.72.

Trading began with a jump and but selling pressure emerged in early hours and levelled the index. The market remained range-bound for most part of the session however, the index slid in final hour to close on a negative note.

Index-heavy automobile, banking and oil segments ended day with losses while cement sector closed mixed.

A report from Arif Habib Limited stated that another range-bound session was witnessed at the PSX.

“The market opened in the positive zone however, due to the rupee-dollar parity and delayed review of the IMF programme snapped investors’ confidence resulting in the index losing 214.38 points at the intra-day low and closing in the red,” it said. “Investor participation remained slow while 3rd tier scrips generated the most volumes.”

A report from Capital Stake stated that investors at PSX witnessed grim trading session on Thursday.

“Indices oscillated in both directions till finally closing in red, while volumes dropped from last close,” the report said.

On economic front, the large scale manufacturing sector expanded 0.01% in September 2022 when compared with September 2021 and 0.1% when compared with August 2022.

Rupee depreciated Rs0.26 or 0.12% against the US Dollar basis ending the session at Rs222.67.

Sectors painting the benchmark KSE-100 index in red included food and personal care products (31.35 points), technology and communication (29.23 points) and oil and gas marketing (27.07 points).

Volume on the all-share index declined to 181.2 million from 186.7 million on Wednesday. The value of shares traded fell to Rs6.2 billion from Rs6.7 billion recorded in the previous session.

BankIslami was the volume leader with 17.1 million shares, followed by Unity Foods with 11.6 million shares and Telecard Limited with 11.5 million shares

Shares of 346 companies were traded on Thursday, of which 103 registered an increase, 221 recorded a fall, and 22 remained unchanged.

Comments

Comments are closed.

KSE-100 falls 0.38% over delayed IMF review

Intra-day update: rupee maintains momentum against US dollar

IMF talks: ‘Some understanding’ reached: MoS Pasha

Intra-day update: Bullish run at PSX, KSE-100 up over 600 points

Qatar agrees to buy OGDCL, PPL shares

PM forms body to activate STZA

Primary deficit: Rs500bn waiver sought from IMF

First six months: Fiscal deficit swells to 2pc of GDP

Petrol shortage hits major cities of Punjab

New landfill sites: Govt decides to alter ICT master plan

Joint sitting of parliament: Rabbani deplores non-inclusion of terror issue in agenda