Stocks Hammered as KSE-100 Drops 828 Points
Karachi: Bears continued to dominate the Pakistan Stock Exchange (PSX), with the benchmark KSE-100 Index sliding below the 44,000-mark mainly owing to economic and political concerns.
On the other hand, global equity markets showed a bullish pattern, although crude oil prices remained with the increase; WTI crude price increasing 0.97pc to $65.69 while Brent crude price rising 1.14pc to $69.02 (as at 3:56 pm PST) (as at 3:56 pm PST).
The benchmark KSE-100 Index remained in the red for virtually the whole session, reaching its intraday low at 43,946.30 after dropping 1,104.76 points. It settled lower by 828.15 points at 44,222.91.
The KMI-30 Index sank 1,835.25 points to conclude at 73,074.05, while the KSE All Share Index dropped 582.39 points, ending at 30,382.52.
The overall market volumes climbed from 459.82 million shares in the previous session to 491.70 million shares (+7pc). Average trading value, however, decreased 5pc, from $157.6 million to $149.2 million.
Shedding 6.14pc from its cumulative market capitalization, the refinery sector ended as the session’s worst performer, with Attock Refinery Ltd (ATRL -7.50pc), Pakistan Refinery Ltd (PRL -6.79pc), National Refinery Ltd (NRL -5.64pc), and Byco Petroleum Pakistan Ltd (BYCO -5.75pc) posting significant losses
For more information, please get in touch with Al Sadat Marketing.
You can also invest in other famous and most in demand housing societies, such as , Blue World City, Rudn Enclave, 7 Wonders City Peshawar, Taj Residencia, Kingdom Valley, New Metro City Gujar Khan, Forest Town Rawalpindi, University Town Rawalpindi, ICHS Town, Park View City Islamabad, Multi Gardens B17 Islamabad and Nova City Islamabad.
Few more real estate housing schemes which are trending now a days in Islamabad by including: Faisal Town Phase 2, Prism Town Gujar Khan, New City Paradise, Eighteen Islamabad, 7 Wonders City Islamabad, Capital Smart City, Silver City Islamabad, The Life Residencia, Faisal Town Islamabad, Islamabad Golf City, Islamabad Model Town and Marble Arch Enclave.
Al Sadat Marketing is an emerging Real Estate Agency headquartered in Islamabad, Pakistan. With over 10+ Years of experience, Al Sadat Marketing is providing its services and dealing all trending housing societies projects in different cities of Pakistan. Islamabad Projects, Rawalpindi Projects, Gujar Khan Projects, Burhan Projects, and Peshawar Projects etc.
Book Your Plot Now: +92 331 111 0005