KSE-100 sheds 130 points in mixed trading

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KARACHI: The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) ended down by 130 points on Friday in mixed trading day.

The index closed at 40,920 points as against 41,049 points showing a decline of 130 points.
Analysts at Arif Habib Limited said that KSE-100 index witnessed slight decline in the end, however, the oscillation of 440 points from -260 points to +180 points showed the action in MLCF, OGDC, HBL and UBL. Small and Mid caps had a better day as compared with the blue chips, among which scrips like LOTCHEM, STCL, DOL hit the upper circuit with the exception of UNITY which took a negative turn and hit lower circuit.
LOTCHEM, MLCF and UNITY attracted most of the volume on the bourse. Active trading was observed in OGDC in the second session and the volumes almost tripled that of first session.
Sectors contributing to today’s performance include Banks (-31 points), O&GMCs (-29 points), Power (-16 points), Chemical (-13 points), Cement (+27 points) and Miscellaneous (+23 points).
Volumes improved slightly from 149 million shares to 156.4 million shares (+5 percent DoD).
Average traded value also increased 6 percent to reach $ 56.7 million as against $ 53.6 million.
Stocks that contributed significantly to the volumes include LOTCHEM, MLCF, UNITY, DOL and EPCL reflecting 36 percent of total volumes.