KSE-100 witnesses steep losses; loses more than 1389.04 points

The KSE-100 closed negative in today’s session losing more than 1389.04 points at the session close. The index continues to dwindle amidst the political noise echoing throughout the country since last few weeks. Pakistan’s political instability and events have crippled the market throughout 2017 as the index continues to record steep falls.

In corporate alerts, Rafhan Maize Products Ltd. declares a dividend of Rupees 75 and reported Earnings per share of 230.50. In addition to RMPL, GlaxoSmithKline reports an EPS of 3.22 per share without declaring any dividends.

Pakgen and Lalpir Power companies also reported an EPS of 1.65 and both the companies declared a dividend of Rupees 1 per share. International Steels Ltd. declares a dividend of Rs. 1.00/- per share, reports an EPS of 7.00 for the year ended June 30, 2017.

Volumes were led by Textile Composite, Technology & Communication, Oil & Gas Marketing Companies, Engineering, Commercial Banks, Refinery, Chemical and Cement.

KSE-100 lost a total of 1389.04 points during the day, closing on 43899.45 points. Index touched an intraday high of 45419.52 points whereas fell to a low of 43822.20 points.

Total companies traded in the session were 392 against the last session’s tally of 364 companies. 37 closed positive and 341 closed negative, whereas 14 were unchanged.