KARACHI: After posting gains for two consecutive sessions, the Pakistan Stock Exchange (PSX) once again went under the control of bears, as the indices traded in both directions before settling in the red zone.
The benchmark KSE-100 Index moved in a narrow range today, registering its intraday high at 46,464.38 (+124.62 points) and low at 45,436.91 (-403.02 points). It settled lower by 399.72 points or 0.86 per cent at 45,940.04.
Among other indices, the KMI-30 Index dropped 658.33 points to end at 74,838.39, while the KSE All Share Index lost 212.24 points, closing at 31,466.85.
As many as 371 companies transacted shares in the stock market, 143 of them recorded gain and 225 sustained losses, whereas the share price of 23 companies remained unchanged.
Sectors driving the KSE-100 Index lower included banking (129.92 points), technology and communication (59.44 points) and fertiliser (47.79 points).
Volume on the all-share index increased to 285.97 million from 243.15 million on Wednesday. The value of shares traded though declined to Rs9.27 billion from Rs9.94 billion recorded in the previous session.
Telecard Limited was the volume leader with 45.41 million shares, followed by TPL Properties with 16.95 million shares, and WorldCall Telecom with 13.72 million shares.
