KASB Pakistan Market Review

kse 100 index goes south down by over 1 000 points 1586778411 1141

Dear Clients,

KSE 100 exchange witnessed +$150m value traded today & closed 100 points negative. Notable positive interest was witnessed in Lucky Cement (2%), HBL Bank (3%), Mughal Steel (3%) & Abbot Pharmaceutical (3%). Among the negatives, Unity, TRG, Avanceon & Nishat Mills witnessed negativity.

FATF’s comments on Pakistan’s 24/27 largely compliant progress still could not excite the market as well. Next week, Senate elections could keep market short-term nervous until the outcome is determined on election day. Highest activity was recorded in UNITY (-4.76%) with 45.4mn shares traded and TELE (+0.38%) with 36.7mn shares. Correction was visible in NCL (-5.5%) and GATM (-4.0%), while ANL (+6.6%) and DCR (+5.2%) closed in the positive territory among the KSE-100 constituents.

KASB Research

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