KSE-100 index sheds 462.53 Points, closing at 41,140.33 – Mettis Global Link

October 28, 2022 (MLN): The KSE 100 index witnessed a dull trading session as the investors remained cautious on the political noise and PKR weakening against the dollar which depreciated by a further 97 paisa in today’s session.

After witnessing notable selling pressure in the second half, the benchmark KSE-100 index settled at 41,140.33, marking a loss of 462.53 points (1.11% DoD) after making an intraday low of 41,115.21 in intraday trading.

By the session’s end, the total volumes of the KSE-100 index stood at 77.88mn shares, decreased by 12.44% from 88.94mn shares traded on Thursday.

Shares of 91 companies were traded on Friday, of which 70 recorded a fall, 19 registered an increase, whereas two remain unchanged.

In terms of sectors, most of the negative contributors were cement, oil & gas exploration and technology which negatively contributed 225.3 points. On the flip side, the property sector closed the session positive, gaining 6.30 points by the day’s end.

Meanwhile, the volume leaders on the benchmark index were KEL (13.20mn), CNERGY (10.38mn), FABL (6.36mn), TRG (5.80mn), and PPL (3.89mn).

The stocks that emerged as net losers during the day included: COLG (1.41%), INDU (2.34%), ARPL (3.05%), MTL (2.33%), and SRVI (3.81%). On the other hand, the scrips which gained the most during the session included MUREB (2.38%), HCAR (2.61%), GADT (1.44%), SHFA (2.44%), and JVDC (4.04%).

Copyright Mettis Link News

Posted on:2022-10-28T18:14:21+05:00

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Marilynn Veness

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