KARACHI: The Pakistan Stock Exchange (PSX) continued its downward march for a second day on Thursday, with the indices swinging both ways in search of a clear direction before settling in the red.
The KSE-100 started off on a positive note, gaining 106.51 points as the benchmark index touched an intra-day high of 47,896.39. However, the level of 48,000 continued to remain elusive as the index failed to sustain its gains. It finally settled lower (-149.00 points) at 47,640.88.
Uncertainty amid rising cases of COVID-19, fast-spreading Delta variant, faltering rupee due to high import bill and volatile situation on borders has continued to worry investors.
Sectors dragging the benchmark KSE 100 lower included miscellaneous (33.62 points), cement (23.80 points) and technology and communication (18.84 points).
Volume on the all-share index increased from 532.95 million on Wednesday to 546.81 million on Thursday. The value of shares traded during the session amounted to Rs15.37 billion, a jump from Rs15.15 billion on Wednesday.
PTCL remained the volume leader with 62.13 million shares, followed by TPL Corp Ltd with 42.66 million shares, and Telecard Limited at 35.64 million shares.
Shares of 492 companies were traded on Thursday, of which 212 registered an increase, 263 recorded a fall, while 17 remained unchanged.
