KSE 100 index plunges by 189pts | Pakistan Today

KSE 100 index plunges by 189pts

The day saw the benchmark 100-share index plunged by 189.70 points to 14,230.49 points against 14,420.19 points of Thursday. Ahsan Mehanti, Director at Arif Habib Investments Limited., said that the Stocks closed bearish on investor concerns over new restrictions on US aid and approved bill prohibiting goods and services procurement from Pakistan until resumption of NATO supplies. Total numbers of Shares of 357 companies were traded on last working day of the week, and at the end of the day total 79 stocks closed higher, total 223 were declined while 55 remained flat. The overall value of shares traded during the day was Rs 8.788 million.
The trading volumes at the ready-counter were recorded lower at 2.369 million shares against 2.688 million shares of the previous day. The trading value decreasing to Rs 8.788 billion compared to Rs 11.478 billion of the previous session. The intraday high and low respectively, stood at 14,445.72 and 14, 210.81 points. Market capitalization declined to 3.635 trillion from 3.683 trillion. “Limited foreign interest, fall in global stocks and commodities on Euro zone debt crises, power outrages to industrial sector and outstanding circular debt issues in Pakistan energy sector played catalyst role in bearish sentiments.” viewed Mehanti. KSE All share-index ended the day at 9,983.28 points, down 133.52 points or 1.32 percent, KSE 30-index stopped the day at 12,373.39 points, decreasing 185.55 points or 1.48 percent while the KMI 30-index slumped by 248.15 points or 1.00 percent to end the day at 24,519.59. P.T.C.L.A was volume leader of the day, 43.586 million shares and up by Rs 0.75 paisa to close at Rs 16.08 followed by D.G.K Cement, Fatima Fertilizer Company XD, Engro Corporation, Lotte Pakistan PTA, Jahangir Siddiqi Company and Hub Power Company with turnover of 25.036 million, 16.359 million and 10.374 million, 10.324 million, 10.131 million and 9.238 million shares respectively.

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