KSE-100 index loses 286.32 points on the back of selling pressure



The Pakistan Stock Exchange (PSX) benchmark KSE-100 index after witnessing a fresh Intra-day high of 40,213.89 points closed at 39,771.20 – down 286.32points (-0.71 per cent).

All the sectors came under a broad based selling pressure with the bourse closing in the red. Significant downside contribution came from United Bank Limited (-2.89 per cent), Habib Bank Limited (-1.78 per cent), Engro Corporation Ltd (-1.82 per cent), Dawood Hercules Corporation Limited (-2.18 per cent), Lucky Cement Co (-1.07 per cent), Hub Power Company Limited (-0.95 per cent), Muslim Commercial Bank (-0.88 per cent) and DG Khan Cement Co (-1.58 per cent) taking away 218 points from KSE-100.

On the other hand, Kot Addu Power Company Limited (+2.99 per cent) and the Resource Group of Pakistan (+3.52 per cent) added 21 points and 11 points respectively.

Among volume leaders the Resource Group (+3.98 per cent), K-Electric limited (+0.46 per cent) and Pace Pakistan Limited (+1.49 per cent) dominated the All Share Index with trading activity of 30.49 million, 20.18 million and 12.34 million shares respectively.

The value of shares traded at the KSE-100 index was Rs 10.596 billion while the volume was 135 million shares.