Market down for seven consecutive days

During the week the All Share Price Index (ASPI) declined 98.62 points to close at 6,567.43 while S&PSL20 declined 38.41 points to close at 3,784.51.

The daily average turnover was recorded at Rs.699mncompared to Rs.518mn reported during the previous week. Foreign buying for the week was Rs.1,974mn and foreign selling was Rs.1,434mn.

On Monday, JKH posted the day’s single largest turnover of Rs.101mn though the share closed down 20 cents at Rs.173.80. Total turnover for the day amounted to Rs.508mn and the market closed down losing 28.66 points on ASPI and 11.91 points on S&PSL20.

Approximately 2.9mn shares of JKH changed hands on Tuesday for Rs.495mn but the share price further declined Rs.1.30 to close at Rs.172.50. Total turnover for the day amounted to Rs.1.2bn of which 70% was on account of JKH and LLUB. JKH topped the list in terms of turnover on Wednesday with 3.4mn shares traded for Rs.578mn. The market closed on a mixed note with ASPI losing 19.18 points and S&PSL20 gaining 0.74 points.

On Thursday 5mn shares of Access Engineering (AEL) changed hands for Rs.133mn which was the day’s largest turnover. ASPI declined 14.05 points while S&PSL20 declined 7.93 points.

On Friday, the total turnover for the day amounted to Rs.406mn and indices moved within a narrow range in opposite directions. ASPI declined 4.05 points while S&PSL20 gained 2.61 points.