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KSE-100 falls over 600 points amid lack of positive triggers

Sep 26, 2018
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  • Benchmark KSE-100 index recorded a decrease of 661.30 points to settle at 43,221.78.
  • Market players took a negative cue from the depreciating rupee against the US dollar.
  • Investor expectation about weak quarterly financial results also left a negative impact on trading activity at the bourse.
KARACHI: The Pakistan Stock Exchange (PSX) once again landed in the red on Wednesday after a day’s respite with the benchmark KSE-100 index losing over 600 points.

The benchmark index, after midday, succumbed amid a lack of positive triggers and an uncertain geopolitical and economic outlook. Investors remained cautious throughout the trading session.

Moreover, market players took a negative cue from the depreciating rupee against the US dollar, which dropped to an all-time low of Rs171.13 on Wednesday.

Investor expectation about weak quarterly financial results also left a negative impact on trading activity at the bourse.

Benchmark KSE-100 index trading curve. — PSX data portal
Benchmark KSE-100 index trading curve. — PSX data portal
The benchmark KSE-100 index recorded a decrease of 661.30 points or 1.24% to settle at 43,221.78.

During the session, shares of 543 listed companies were traded. At the end of the session, 86 stocks closed in the green, 436 in the red, and 21 remained unchanged.

Hascol Petroleum was the volume leader with 36.8 million shares, losing Re1 to close at Rs5.16. It was followed by WorldCall Telecom with 28.9 million shares, losing Rs0.15 to close at Rs2.06, and Telecard Limited with 17 million shares, losing Rs1.16 to close at Rs15.39.

 

ziaulislam

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View attachment 784605

  • Benchmark KSE-100 index recorded a decrease of 661.30 points to settle at 43,221.78.
  • Market players took a negative cue from the depreciating rupee against the US dollar.
  • Investor expectation about weak quarterly financial results also left a negative impact on trading activity at the bourse.
KARACHI: The Pakistan Stock Exchange (PSX) once again landed in the red on Wednesday after a day’s respite with the benchmark KSE-100 index losing over 600 points.

The benchmark index, after midday, succumbed amid a lack of positive triggers and an uncertain geopolitical and economic outlook. Investors remained cautious throughout the trading session.

Moreover, market players took a negative cue from the depreciating rupee against the US dollar, which dropped to an all-time low of Rs171.13 on Wednesday.

Investor expectation about weak quarterly financial results also left a negative impact on trading activity at the bourse.

Benchmark KSE-100 index trading curve. — PSX data portal
Benchmark KSE-100 index trading curve. — PSX data portal
The benchmark KSE-100 index recorded a decrease of 661.30 points or 1.24% to settle at 43,221.78.

During the session, shares of 543 listed companies were traded. At the end of the session, 86 stocks closed in the green, 436 in the red, and 21 remained unchanged.

Hascol Petroleum was the volume leader with 36.8 million shares, losing Re1 to close at Rs5.16. It was followed by WorldCall Telecom with 28.9 million shares, losing Rs0.15 to close at Rs2.06, and Telecard Limited with 17 million shares, losing Rs1.16 to close at Rs15.39.

Troll is back 😂
Damn you IK...my portfolio in USA is also down 20% due to you especially in tech sector FB APPL GOOG and BABA :mad: :mad:

Where is my leader..waiting for you
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blueazure

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Troll is back 😂

you owe this troll an apology -

had you listened to him and shorted the mkt from 48k , you'de be rich


but you listened to @ziaulislam and went long at 48k -


what can i say
Damn you IK...my portfolio in USA is also down 20% due to you especially in tech sector FB APPL GOOG and BABA :mad: :mad:

u

i just read your post and got my self thinking, these are all blue chip stocks and in three digits ( USD) . its not like you put in a 100USD and sleep

you must have made a lot of investment ( buying at these high levels) and now when you are down minus 20 percent, you are just showing off ?


1 . i smell BS in your post

or

2. or you must be filthy rich and spoiled enough to splurge so much cash on these over valued tech stocks!
 

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