KSE-100 Index loses another 182 points

By: News Desk      Published: 05:05 PM, 13 Aug, 2020
KSE-100 Index loses another 182 points

It was the second consecutive day of losses for Pakistan Stock Exchange as the KSE-100 index lost 182.44 points during a session which saw the share prices of 195 companies going down.

At one point, the index was down by around 575 points but the market made some quick recovery and reduced the losses by closing at 40,290.74.

With a total of 342,132,781 shares changing hands and 378 companies available for trading, the share price of 195 companies went down, 164 made gains and 19 remained unchanged.

These losses came a day after the KSE-100 Index shed 85.97 points in a session where 263 suffered loses and only 86 made some advances. However, there was no change in the value of 20.

Since recording the biggest sustained profitable streak of the year in July when the KSE-100 gained 4,836.92 points and closed at 39,258.44, it has moved upward by 1,032.30 points this month so far.

On Thursday, Popular Islamic Modaraba which suffered the biggest losses in terms of share price which was cut by 23.50 percent. It was followed by Dewan Textile Mills Limited with 23.50 percent and First IBL Modaraba with 12 percent.

On the other hand, Unity Food (R) gained 32.05 percent in its share price. The next two on the list were Capital Assets Leasing Corporation and BF Modaraba with a gain of 24.33 percent and 18.75 percent respectively.

Meanwhile, Unity Food proved to be the most active stock in the market as 60,265,500 of its shares were traded. 

As far as Hascol Petroleum Limited is concerned, it continues to be in the top 10 list, as it was second on the list with 50,870,000 shares traded. The third on the list Unity Food (R) saw 50,641,500 of its shares changing hands.