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Home Uncategorized

PSX witnesses range-bound session, drops 27 points

MM News Staff by MM News Staff
September 25, 2023
Reading Time: 1 min read

The Pakistan Stock Exchange’s (PSX) benchmark KSE-100 Index closed slightly lower on Monday, after range-bound trading during the day amid a lack of positive triggers.

The KSE-100 started positive, hitting an intra-day high of 46,590.26. However, profit-taking erased the gains and pushed the index into negative territory.

At close, the benchmark index settled at 46,393.68, down by 27.47 points or 0.06%.

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Major positive contributions to the index came from, ILP, LUCK, PSEL, OGDC and TRG as they cumulatively contributed 78 points to the index. Whereas, MTL, HBL & SYS lost value to weigh down on the index by -99 points.

Shares of 326 companies were traded on Monday, of which 168 registered an increase, 134 recorded a fall, and 24 remained unchanged. 

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