After a dismal 2017, this year saw a 2253(-5.5pc) point decline in the KSE100 index. The index lost 7336(-15pc) points in 2017. Average turnover fell by 22pc in 2018 while value traded plunged 35pc, as political instability, elections and balance of payments issues took their toll on sentiment. The fall in the index since elections in july is a little steeper at around 9pc as the government struggles to deal with the structural problems of the economy.
Banking sector performance during the year was skewed towards smaller banks which returned strong gains. HMB rose 48pc while BAHL rose 29pc. BAFL jumped 26pc. Big names like HBL and UBL lost 22 and 17pc. MCB held its ground at a 3pc gain while NBP dipped 6pc.
E&P's closed the year around 10pc lower.
Autos were the worst performing sector with PSMC and HCAR plunging about 60pc, hammered by massive devaluation and restrictions on purchases by non filers.
Cement sector faced value loss, however LUCK,KOHC were less susceptible to loss, tumbling 10pc. DGKC, CHCC and PIOC fell between 25-32pc. FCCL was the standout scrip, gaining 3pc.
Fertilizer sector was the standout performer in 2018, FFC, ENGRO, EFERT, FATIMA and FFBl putting in 15-22pc gains.
Refiners lost about 25pc with the exception of ATRL which was down 10pc.
Steel stocks saw a little over -30pc change during the year with exception of CSAP which lost almost 40pc of its value.
Chemicals were a mixed bag with ARPL, ICI and LINDE largely holding their values, though BERG and AKZO were -40pc and -30pc respectively.
The following were the most actively traded stocks in 2018 listed in order of percentage change
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