KARACHI: The Pakistan Stock Exchange (PSX) endured another volatile trading session today, with the indices swaying both ways in search of a clear direction before finally settling flat.
The benchmark KSE-100 Index moved within a narrow range on Tuesday, registering its intraday high at 46,990.92 (+269.05 points) and low at 46,628.97 (-92.90 points). It settled lower by 47.10 points at 46,674.77.
Among other indices, the KMI-30 Index gained 141.43 points to end at 76,126.14, whereas the KSE All Share Index dropped 80.25 points, closing at 32,166.69.
The overall market volumes surged from 428.33 million shares in the previous session to 663.71 million shares (+55pc). The average traded value also increased by 28pc, from $139.2 million to $178.1 million. Telecard Ltd (TELE +20.45pc), Pakistan Refinery Ltd (PRL +1.79pc) and Hascol Petroleum Ltd (HASCOL +4.90pc) led the volume chart, exchanging 62.85 million, 43.18 million and 39.68 million shares, respectively.
Sectors that dragged the benchmark index lower included banking (-91.88 points), pharmaceutical (24.77 points) and textile composite (-22.33 points). Among the companies, banking players United Bank Ltd (UBL -35.53 points), Habib Bank Ltd (HBL -30.81 points) and MCB Bank Ltd (MCB -28.28 points) dented the index the most.
Global equity markets, on the other hand, displayed positive sentiments, whereas crude oil prices continued to move north; WTI crude price increasing 0.28pc to $58.13 while Brent crude price rising 0.07pc to $60.75 (as at 3:55pm PST).
