KSE-100 Index down 114 points with cut in share prices of 227 companies
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The share prices of 227 companies were down on Monday as the KSE-100 Index lost 114.93 points with the start of a new business week and closed at the session 39,914.76.
With a total of 370 companies available for trading, only 110 of them made gains in terms of share prices while the remaining 33 remained unchanged as the Pakistan Stock Exchange suffered losses.
It was more or less repeat of the Friday’s performance when the index was down by 136.43 points and ended the day at 40,029.69 with the share prices of 171 companies down and of 166 making gains with no change in the value of 15.
At one point during the session, the index was down by over 200 points. However, the market made some recovery and thus managed to reduce the losses.
After closing July at 39,258.44, the KSE-100 Index ended the post-Eid week at 40,029.69 which means it gained 771.25 points during the first five business days of August. But the latest losses have reduced the overall gain this month to 656.32 points.
On Monday, Unity Foods (R2) was the most active stock with the trading of 81,623,500 shares. The next two on the list were Hascol Petroleum Limited and Worldcall Telecom Limited with 65,300,500 and 35,836,000 shares respectively.
Meanwhile, Power Cement Limited (R1) proved to be the biggest advancer as its share value was up by 6,400 percent. It was followed by Samba Bank Limited 13.24 percent and BIPL Securities Limited 12.84 percent.
However, it wasn’t a good day for Unicap Modaraba which saw its share price reduced by 21.05 percent. The share prices of the next two worst performers Ruby Textile Mills Limited and Khurshid Spinning Mills Limited were down by 12.14 percent and 11.14 percent.