KSE-100 loses 137 points closing at 41,948.50 – Mettis Global Link

October 14, 2022 (MLN): The benchmark KSE-100 index closed in red on Friday, losing 137 points (0.33%) to close at 41,948.50 after making an intraday high of 42,237.29 points.

The index fell below the 42,000 mark on Friday despite the session opening on a positive note. The decline came due to lack of triggers as investor participation remained low during trading hours, resulting in no major changes in volumes. 

By the session’s end, the total volumes of the stood at 88.30 million shares, a slight increase of 0.79% from 87.61mn shares traded in yesterday’s session. 

In terms of sectors, most of the negative contributors were technology, tobacco, and refinery which negatively contributed 101.06 points. On the flip side, the power gencos closed the session in green, gaining 8.34 points by the day’s end.

Shares of 94 companies were traded on Friday, of which 57 recorded a fall, 27 registered an increase, whereas six remain unchanged.

Meanwhile, the volume leaders on the benchmark index were TRG (30.67mn), KEL (8.99mn), LOTCHEM (16.51mn), AVN (3.62mn), and UNITY (3.04mn).

The stocks that emerged as net losers during the day included: PAKT (6.98%), SYS (2.03%), SHFA (5.33%), ATRL (2.58%), and NRL (1.15%). On the other hand, the scrips which gained the most during the session included NESTLE (0.33%), MARI (0.47%), MTL (0.89%), MUREB (1.23%), and HINOON (0.92%).

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Posted on:2022-10-14T18:37:13+05:00

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