Stock remains decline

Karachi, July 8, 2019: The Pakistan Stock Exchange decline deepened Monday, with the KSE-100 Index sliding 447.34 points, to settle at 33,742.68. Market is pricing in the harsh reality that the economic slowdown is more likely to linger than quickly be resolved.

Selling was seen across the board with Cements, E&P, and Banks contributing the most to the fall of the market.

Market participation for the 100 index increased to 47mn from 42mn in the previous session (10 percent on d/d basis). Major contribution to total market volume came from KEL, MLCF, and TRG churning 15 million shares out of the total market all share volume of 59 million shares. Daily traded value for the 100 Index increased to USD 14 million from USD 11 million in the previous session.

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