KSE 100 declines 105 points

2119

Zubair Yaqoob

Karachi

PSX proved to be an important one considering the host of key financial results due to be announced including OGDC, DGKC, MEBL, PSMC, FFBL, GSKCH etc. In general market reacted positively to the spate of financial news, although DGKC’s result could have changed the positivity into significantly negative due to the heavy loss incurred in the bottom line. Instead, Investors bet against the tide and DGKC traded in positive zone, especially in MoC. Closure of roll-over week, which at the end of Last Friday was 33,870pts, at slight loss of ~200pts ended well in the end. Overall volumes remained healthy at 170M shares, mainly contributed by Transport (36.7M), and followed by Technology (35.7M) and Chemical (15.8M). Among scrips, PIBTL led the table with 35.6M shares, followed by WTL (24.3M) and LOTCHEM (11.1M).