Karachi March 7 2022: KSE 100 index is down 2.94 percent or 1,310.4 in todays trading session at Pakistan Stock Exchange (PSX) on higher oil prices.
Lucky cement contributed negative 121.4 points in today’s trading followed by negative contribution of 79.8 points of Hub Power and 63.6 points by TRG Pakistan.
In terms of sector, cement sector contributed the highest negative 226 points to the KSE-100 index followed by 191 points of commercial banks and 104 points by technology companies.
However, the index is still away from being halt as KSE-30 is down ~3.0 percent. In case, KSE-30 Index continues to trade 5%, above or below its last day closing index value for consecutive 5 minutes, the trading in all securities shall be halted for 60 minutes as specified by the Exchange. Upon imposition of a market halt all equity and equity based derivative markets shall be suspended, the market shall have a five (05) minutes pre-open before its re-opening and NCCPL shall collect margins including Mark-to-Market losses from its Clearing Members as
per its Regulations.
Only those BCMs shall be allowed to trade after resumption of trading for that day which have deposited the required margins with NCCPL. Provided that the market halt shall not be applicable in case KSE-30 index moves beyond 5% in the last 75 minutes prior to close of the market as specified by the Exchange.
