KSE-100 Position: Lowest Recording In Index In 2017 – Research Snipers

KSE-100 Position: Lowest Recording In Index In 2017

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.

Read more: Stock market position on Thursday, losing 165.91 points

The whole week was filled with losses and negative points mainly due to PM’s appearance before Joint Investigation Team to investigate on Panama case.

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%

Decline Sectors:

Oil and gas exploration companies: -546pts

Fertilizer: -384pts

Commercial banks: -304pts

Oil and gas marketing companies: -282pts

Cement: -271pts

Leading losers in Stocks:

OGDC: -229pts

PPL: -159pts

ENGRO: -153pts

HUBC: -129pts

Two positive contributors in Stocks

HBL: +30pts

PAKT: +12pts

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.