KARACHI: Pakistan Stock Exchange has faced another round of gyrate trading, with the indices swinging both ways in search of a clear headway before finishing in the red.
Following yesterday’s volatile trading, the benchmark KSE-100 Index registered its intraday high at 41,942.35 (+66.09 points) and intraday low at 41,416.90 (-459.36 points). It finally ended flat at 41,806.37.
The KMI-30 Index also lost 108.56 points to end at 66,931.82, while the KSE All Share Index declined 157.21 points, ending at 29,597.34.
The overall market volumes shrank from 582.79 million shares in the previous session to 434.89 million shares. The average traded value increased by 17 percent, from $77.6 million to $91 million. K-Electric Limited (KEL -0.71pc), Unity Foods Ltd (UNITY +0.17pc) and Hascol Petroleum Ltd (HASCOL +0.19pc) led the volume chart, exchanging 40.01 million, 33.17 million and 32.11 million shares.
Casting off 2.01 percent from its cumulative market capitalization, the oil and gas exploration sector emerged as the session’s top loser, with Oil and Gas Development Company Ltd (OGDC -3.07pc), Pakistan Oilfields Limited (POL -0.39pc) and Pak Petroleum Ltd (PPL -2.31pc) ending in the negative.
Touching the financial side, Aisha Steel Mills Ltd (ASL +1.63pc) recorded earnings per share of Rs-0.89 for FY20 (Rs0.26 in FY19), Byco Petroleum Pakistan Ltd (BYCO -1.28pc) declared an EPS of Rs-0.46 for FY20 (Rs-0.32 in FY19), Nishat Chunian Power Ltd (NCPL -4.63pc) declared an EPS of Rs12.44 for FY20 (Rs9.30 in FY19), while Ferozsons Laboratories Ltd (FEROZ +7.50pc) posted an EPS of Rs13.11 for FY20 (Rs8.32 in FY19).
