Full-day report: Index loses 139 points as volumes continue to drop

The Pakistan Stock Exchange closed Tuesday in the red, with the benchmark KSE-100 index losing 139 points, or 0.29pc, by close of trading to reach 48,088.37 points.

56.7 million shares of indexed companies changed hands in the session, with a total worth of nearly Rs5.66 billion.

“Stocks closed lower amid thin trade on institutional profit-taking in blue chip stocks as investors weighed dismal data on CPI Inflation for Mar 2017,” said Ahsan Mehanti of Arif Habib Corp.

“Likely surge in borrowing cost for leveraged auto, cement and engineering scrips and uncertainty over [the] outcome of regulatory actions on non-compliant brokerage firms played a catalyst role in bearish close,” he added.

Overall exchange volumes touched 134.7m, with a total worth of nearly Rs7.99bn. Stocks of 365 companies were traded on the exchange, of which 126 gained in value, 219 declined and 20 remained unchanged.

Volumes were led by:

  1. Byco Petroleum: 14.7m shares traded (+4.98pc);

  2. Azgard Nine: 7.9m shares traded (+0.23pc);

  3. Bank of Punjab: 5.83m shares traded (-0.65pc);

  4. Fauji Fertilizer Bin Qasim: 5.47m shares traded (+0.37pc); and,

  5. Engro Fertilizers: 5.24m shares traded (-0.58pc) per cent.

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