KSE-100 Drops 202 Points Amid Volatility

Staff Report:

The KSE-100 Index closed at 116,053, showing a decline of 202 points, or 0.17%. The market saw significant volatility, with the index reaching a high of 116,843 and a low of 113,677. Despite the initial drop, the market rebounded. A statement from the Prime Minister, indicating that the government is considering reducing electricity rates, played a role in the recovery of share prices.

The decline in the index was primarily driven by EFERT, FFC, HBL, ATRL, and PSO, which together contributed to a loss of 433 points. On the other hand, ENGROH, OGDC, and TRG helped offset the losses, adding 436 points to the index.KSE-100 Falls 283 Points Amid Volatility

Trading activity remained strong, with a total volume of 786 million shares and a turnover of Rs. 39 billion. WTL led the volume charts, with 80 million shares traded during the session.