Full-day report: KSE-100 Index loses more than 500 points

The Pakistan Stock Exchange closed the midweek trading session in negative territory, with the benchmark KSE-100 index losing 511 points, or 1.06pc, by market close to reach 47,577.31.

77.5m shares of indexed companies changed hands in the session, with a total worth of nearly Rs5.94 billion billion.

Activity was highest in commercial banking stocks, with engineering, refinery, textile composites and chemical scrips rounding off the top five most-traded sectors of the day.

“Stocks closed sharply lower, led by scrips across the board on security unrest in the country after the Lahore attack on a census team,” said Arif Habib Corp analyst Ahsan Mehanti.

“KSE declined […] mainly led by banks,” said an analyst note issued by Topline Securities.

“HBL, NBP and MCB contributed 134 points to the fall […] declining between 1.8%-5%,” it added.

Overall, 185.46m shares were traded on the PSX, with a total worth of nearly Rs8.88bn. 378 companies were traded on the exchange, of which 73 gained in value, 292 declined and 13 remained unchanged.

Volumes were led by:

  1. Aisha Steel Mill: 13.22m shares traded (-2.95pc);

  2. Byco Petroleum: 12.53m shares traded (-3.22pc);

  3. Azgard Nine: 12.41m shares traded (-1.84pc);

  4. Bank of Punjab: 11.52m shares traded (-1.16pc); and,

  5. TRG Pak Ltd: 9.78m shares traded (-4.72pc).

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