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PSX: Bears enter the bourse today forcing it close at 40,266!

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KARACHI: Ongoing political noise, particularly the high-drama associated with Finance Minister’s medical leave, had allowed bears enter the bourse today coloring it red causing Benchmark KSE-100 Index shed 326 points.

Rs. 5.4b worth of 102m shares changed hands today. Value of the shares of 203 companies plummeted, 102 augmented while 11 remained stagnant.

Power Generation & Distribution, Technology and Refinery Sectors led the trading with 13.9m, 12.9m and 11.9m shares respectively.

Top five traders of shares today were: K-Electric Ltd., 9.1m shares (-3.57pc); TPL Trakker Ltd., 7.6m shares (+14.14pc); WorldCall Telecom, 7.5m shares (-0.66pc); Byco Petroleum, 7.2m shares (+3.73pc); TRG Pak Ltd., 4.9m shares (-1.89pc).

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Attenuation of political noise lets bulls enter the bourse on week’s last trading day!

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KARACHI: Court’s verdicts apropos Hudaibiya Paper Mills and Imran Khan lessened the political noise today encouraging bulls shoo the bears off the bourse.

Benchmark KSE-100 Index closed at 38,646 with an augmentation of 1.10% (422 points). Rs. Rs. 9.1b worth of 140m shares changed hands today. Value of the shares of 208 companies augmented, 100 plummeted while 30 remained stagnant.

Banking, Communication and Power Generation Sectors led the trade with trading of 22.5m, 21.0m and 12.2m shares respectively.

Today’s top five traders of stocks were: TRG Pak Ltd., 17.9m shares (+1.16pc); Pak Elektron, 11.3m shares (+3.18pc); Engro CorpXD, 7.2m shares (+3.98pc); K-Electric Ltd., 7.2m shares (+0.82pc); JS Bank Ltd., 4.16m shares (+6.54pc).

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PSX: Bears color the bourse red emboldened by the political noise!

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KARACHI: Emboldened by the political noise bears kept on growling all over the bourse on week’s 4th trading day.

KSE-100 Index closed at 38,224 plummeting 1.54%  shedding 596 points.  Rs. 4.1b worth of 93m shares changed hands today. Value of the shares of 261 companies plunged, 59 augmented and 19 remained stagnant.

Technology, Communication, Power Generation and Cement Sectors led the trade today with 14m, 10.6m and 9.5m shares respectively.

Today’s top five traders of shares were: TRG Pak Ltd., 10.3m shares (-5.00pc); K-Electric Ltd., 8.3m shares (-4.39pc); Pak Elektron, 6.4m shares traded (-4.99pc);Dewan Cement, 3.7m shares (-6.53pc); Dewan Motors, 3.6m shares (-3.72pc).

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PSX: Bulls, emboldened by the depreciation of rupee, shoo the bears off on week’s third trading day!

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KARACHI: KSE-100 Index augmented to close at 38,820 gaining 295 points on week’s third trading day (Wednesday 13th of December) due to downgrading of Pak Rupee that had emboldened the foreign investors.

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