business
Wednesday Oct 13 2021
By
BDBusiness Desk

KSE-100 falls over 600 points amid lack of positive triggers

By
BDBusiness Desk
Traders sitting in the main hall of the Pakistan Stock Exchange. — Reuters/File
Traders sitting in the main hall of the Pakistan Stock Exchange. — Reuters/File

  • Benchmark KSE-100 index recorded a decrease of 661.30 points to settle at 43,221.78.
  • Market players took a negative cue from the depreciating rupee against the US dollar.
  • Investor expectation about weak quarterly financial results also left a negative impact on trading activity at the bourse.


KARACHI: The Pakistan Stock Exchange (PSX) once again landed in the red on Wednesday after a day’s respite with the benchmark KSE-100 index losing over 600 points.

The benchmark index, after midday, succumbed amid a lack of positive triggers and an uncertain geopolitical and economic outlook. Investors remained cautious throughout the trading session.

Moreover, market players took a negative cue from the depreciating rupee against the US dollar, which dropped to an all-time low of Rs171.13 on Wednesday.

Investor expectation about weak quarterly financial results also left a negative impact on trading activity at the bourse.

Benchmark KSE-100 index trading curve. — PSX data portal
Benchmark KSE-100 index trading curve. — PSX data portal

The benchmark KSE-100 index recorded a decrease of 661.30 points or 1.24% to settle at 43,221.78.

During the session, shares of 543 listed companies were traded. At the end of the session, 86 stocks closed in the green, 436 in the red, and 21 remained unchanged.

Hascol Petroleum was the volume leader with 36.8 million shares, losing Re1 to close at Rs5.16. It was followed by WorldCall Telecom with 28.9 million shares, losing Rs0.15 to close at Rs2.06, and Telecard Limited with 17 million shares, losing Rs1.16 to close at Rs15.39.