KSE-100 entered its lowest recording in index in year 2017. 2,668 points were lost, while five trading session went down by 5.4%.
Before Panama verdict KSE-100 closed at 46,874.37. Then on Friday the index recorded 46,859 points. Decreasing crude prices and political issues stagnant in the country led to this huge loss.
Value traded: Declined 8.4% week-on-week to $103 million
Average trading volume: Increased by 7% week-on-week to 255 million shares
Volume ranking dominated by: KEL, EPCL, TRG, DSL and WTL (32% of overall volumes)
Oil sectors increase:
E&Ps : 10.5%
OMCs : 9.2%
Oil and gas exploration companies: -546pts
Commercial banks: -304pts
Oil and gas marketing companies: -282pts
Leading losers in Stocks:
Two positive contributors in Stocks
As Shanghai Electric confirmed to complete its deal with K-Electric, government announced Rs681 billion for various projects.
Foreign investors net selling was of $9.49.
Largest sale was of E&Ps, $6.59 million. Then power sale was of $2.9 million followed by $2.2 million of fertilizers.