The day saw the benchmark 100-share index decreasing by 98.89 points to 13,283.65 points against 13,382.54 points of Monday. The same was absorbed above the defined pivot levels viewed Abdul Azeem, an analyst at InvestCap.The analyst said, ““The KSE-100 index remained above the defined pivot level of 13,350 pts, even though near the closing time it took little selling pressure.”. The turnover of the Index remained healthy assisting the support for the Index to climb more, reviewed Abdul Azeem.
The trading volumes at the ready-counter came to 313.592 million shares from the previous day’s 576.823 million shares. The trading value also declined and finished at Rs5.263 billion against Rs7.914 billion of the last session. The index hit the intraday high and low of 13,422.70 and 13,274.45 points, respectively.
The market capital also slid to Rs3.454 trillion from the previous Rs3.476 trillion. Of the total 373 traded scrip’s, 138 gained, 162 lost and 73 remained unchanged. TRG Pakistan Ltd appeared as a volume leader with 31.300 million of its shares traded at Rs3.96 in the opening and Rs4.36 in closing of the market. The future market also came down in terms of turnover that declined to 12.046 million shares from 15.744 million shares of last session.
Bears return with venom, index down 98pts
