Bearish pressure drags KSE-100 down over 1,600 points by midday


Pakistan Stock Exchange (PSX) benchmark index, the KSE-100, was down 1663.66 points by 1:40pm on Monday.
The index lost 0.93 per cent from its previous close of 179,603.73 at a trading volume of 175,119,689, and a value of 16,948,590,958.
The top active stocks were led by Hum Network Limited, rising 6.48pc to Rs12.99 at a volume of 39,181,637, followed by K-Electric Limited falling 3.16pc to Rs8.28 at a volume of 31,231,033, and Trust Securities & Brokerage Limited rising 16.23pc to Rs2.22 at a volume of 24,061,417.
The top advancing stocks were led by Trust Securities & Brokerage Limited, rising 16.23 to Rs2.22, followed by 786 Investments Limited, rising 10.03 to Rs17.88, and Mirpurkhas Sugar Mills Limited, rising 10.01 to Rs35.38.
The top decliners were LSE Capital Limited.(Right), down 13.48pc to Rs1.99; Kohinoor Industries Limited, down 10.01pc to Rs50.27; and Ecopack Limited, down 10.01pc to Rs48.57.
Bears remained dominant in the market last week, with Topline Securities noting that the ongoing negative momentum was due to the “ongoing result session, where corporate results fell short of investors’ expectations”.


