KSE-100 Index sheds 141.19 points
May 29, 2020 06:50 AM
The Pakistan Stock Exchange shed 141.19 points on the first day of trading after Eid, as the market resumed business Thursday.
By the time trading was closed for the day, the KSE-100 Index was at 33.695.42 against the pre-Eid level of 33,836.61.
The index remained in the red zone during the entire session, as it was down to 33,598.40 at one point on a day when a total of 146,539,351 shares were traded.
The shares of 306 companies were traded during the session where the prices of 145 went down and that of 136 suffering some loss. Meanwhile, the share prices of 25 companies remained unchanged.
Overall, it was a mixed day for the automobile sector as Indus Motor’s share price was down by Rs7.48 and that of Millat Tractors by Rs7.12. However, most of the cement companies made some gains.
But it wasn’t the case with the chemical sector where the majority suffered some losses with Colgate Palmolive down by Rs50 and ICI Pakistan by Rs24.1.
Meanwhile, the chemical sector and commercial banks too didn’t have a good session just like the oil and gas exploration companies.
However, the known entities among the pharmaceutical companies continued the recent positive trend with the share prices of Wyeth Pakistan up by Rs15.81, The Searle Company by Rs12.22 and Glaxo SmithKline Pakistan by Rs12.01.