AGL 36.51 Decreased By ▼ -1.49 (-3.92%)
AIRLINK 216.01 Increased By ▲ 2.10 (0.98%)
BOP 9.46 Increased By ▲ 0.04 (0.42%)
CNERGY 6.59 Increased By ▲ 0.30 (4.77%)
DCL 8.50 Decreased By ▼ -0.27 (-3.08%)
DFML 40.90 Decreased By ▼ -1.31 (-3.1%)
DGKC 99.48 Increased By ▲ 5.36 (5.69%)
FCCL 36.48 Increased By ▲ 1.29 (3.67%)
FFBL 88.94 No Change ▼ 0.00 (0%)
FFL 17.17 Increased By ▲ 0.78 (4.76%)
HUBC 126.25 Decreased By ▼ -0.65 (-0.51%)
HUMNL 13.35 Decreased By ▼ -0.02 (-0.15%)
KEL 5.24 Decreased By ▼ -0.07 (-1.32%)
KOSM 6.71 Decreased By ▼ -0.23 (-3.31%)
MLCF 44.24 Increased By ▲ 1.26 (2.93%)
NBP 60.50 Increased By ▲ 1.65 (2.8%)
OGDC 222.49 Increased By ▲ 3.07 (1.4%)
PAEL 40.60 Increased By ▲ 1.44 (3.68%)
PIBTL 8.16 Decreased By ▼ -0.02 (-0.24%)
PPL 191.99 Increased By ▲ 0.33 (0.17%)
PRL 38.60 Increased By ▲ 0.68 (1.79%)
PTC 27.00 Increased By ▲ 0.66 (2.51%)
SEARL 103.50 Decreased By ▼ -0.50 (-0.48%)
TELE 8.62 Increased By ▲ 0.23 (2.74%)
TOMCL 34.86 Increased By ▲ 0.11 (0.32%)
TPLP 13.60 Increased By ▲ 0.72 (5.59%)
TREET 24.99 Decreased By ▼ -0.35 (-1.38%)
TRG 71.99 Increased By ▲ 1.54 (2.19%)
UNITY 33.33 Decreased By ▼ -0.06 (-0.18%)
WTL 1.72 No Change ▼ 0.00 (0%)
BR100 11,987 Increased By 93.1 (0.78%)
BR30 37,178 Increased By 323.2 (0.88%)
KSE100 111,351 Increased By 927.9 (0.84%)
KSE30 35,039 Increased By 261 (0.75%)

Despite strong financial results and foreign buying, Pakistan Stock Exchange witnessed a bearing trend throughout the outgoing week due to uncertainty on political front, terror attack in Quetta and rollover week, analysts said.
The benchmark KSE-100 index declined by 1418.55 points (3.4 percent) to close below 40,000 crucial level at 39,872.88 points from last week''s closing of 41,291.43 points. Total market capitalisation decreased by Rs 344 billion to stand at Rs 8.085 trillion.
Trading activities also remained thin as the average daily volumes at ready country declined by 27.7 percent to 341.18 million shares as compared to previous week''s average of 471.88 million shares. Average daily trading value reduced by 21.7 percent to Rs 11.51 billion from previous week''s average of Rs 14.70 billion.
Foreign investors emerged net buyers of shares during this and bought shares worth $14.1 million.
An analyst at AKD Securities said that KSE?100 index continued its bearish momentum this week led by rising political uncertainty over November 2 protest and lower international oil prices, with the index falling below the crucial 40,000 level.
An analyst JS Global Capital said that fresh rounds of political sit-ins announced by PTI weighed down on PSX again as despite of reasonably strong result announcements, overall sentiments remained on the negative side. Massive selling of $35 million was witnessed from local individuals, opening up possibility of bottom fishing for local mutual funds and foreign investors, who after a long selling spree turned up as net buyers of $14 million during the outgoing week.
The Topline Securities report said that the benchmark KSE-100 Index witnessed volatility throughout the outgoing week. Negative sentiment prevailed among market participants following the attack on the police training centre in Quetta and escalating tensions on the political front. Investor''s sentiments were further subdued on the back of rollover week for future contracts.

Copyright Business Recorder, 2016

Comments

Comments are closed.