KSE-100 Index experienced a blood bath session throughout the day due to political unrest

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· The KSE-100 Index experienced a blood bath session throughout the day due to political unrest. A significant decline was observed in the volumes of the market as well. Across the board selling was witnessed. Main board volumes remained subdued. On the flip side, hefty volumes were recorded in the 3rd tier stocks.

· The Index closed at 43,902.04, down by 1,250.07pts (-2.77% DoD). Sectors contributing to the performance include Banks (-324.5pts), Cement (-252.9pts), Technology & Communications (-100.6pts), E&P’s (-93.5 pts) and Power (-69.2pts).

· Volumes decreased from 389.1mn shares to 170.5mn shares (-56.2% DoD). Average traded value also decreased 50.5% to reach US$ 29.9mn as against US$ 60.3mn.

· Volumes that contributed significantly to the volumes are TELE, KEL, TPLP, GGL and WTL.

Courtesy – AHL

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