Bearish Trend In Pakistan Stock Exchange

Bearish Trend In Pakistan Stock Exchange

Karachi (October 12, 2018): The KSE-100 Index closed on Friday has dropped down at 37514.84 points after decrease of 500 points on the start of the trade.

Due to continued depression in the value of rupee against dollar, the stock market is facing bearish trend.

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Yesterday, 100 index was closed at 38398 points, according to the financial expert sharp increase in dollar value has increased uncertainty in the market.

Earlier on October 09, the KSE-100 Index closed at 38504.84 points as compared to 37898.29 points on the last working day with a positive change of 606.55 points.

The total turnover was 225,117,790 as compared to 186,005,070 on the last working day with Lottie Chemical having the highest turnover of 14,166,000.Total 386 companies’ transacted shares in the Stock Market today (Tuesday), out of which 202 recorded gains and 161 sustained losses whereas the share price of 23 companies remained unchanged.Island Textile recorded the maximum increase in its share price, which was 84.00 rupees while Indus Motor CoXD recorded maximum decrease that was 56.00 rupees.

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