Bears continue to dominate as KSE-100 looses over 1,500 points during early trading

Pakistan’s benchmark index, KSE-100, lost 1587.06 points by 11:10am on Tuesday. The index was trading 0.91 per cent down from its previous close of 174,453.93 points on Monday, placing it at 172,866.87 points. Trading volumes were 112,637,835 at a value of Rs7,253,671,823. This drop follows a turbulent trading session on Monday, when the index lost over 5,000 points or 2.87pc, which analysts at Topline Securities note was driven by foreign outflows and escalating political noise that further dampened investor confidence, intensifying the bearish momentum. Top active stocks were led by K-Electric Limited, which lost 3.81pc to Rs7.82 at a volume of 50,550,737, followed by Worldcall Telecom Limited, which remained stable at Rs1.53 at a volume of 15,759,665, and The Bank of Punjab, which fell 3.91pc to Rs31.95 at a volume of 10,491,947. Top advancers were led by Metropolitan Steel Corporation Limited, rising 10.02pc to Rs23.05, followed by 786 Investments Limited advancing 10.01pc to Rs19.67, and Javedan Corporation (Pref) rising 10pc to Rs127.68. Top decliners were led by LSE Capital Limited, falling 22.47pc to Rs1.38, followed by Engro Powergen Qadirpur Limited declining 10.01pc to Rs27.69, and Chashma Sugar Mills Limited falling 10pc to Rs87.76.

By none@none.com (Business Desk)