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KARACHI: The Pakistan Stock Exchange (PSX) landed in the red today (Thursday) for the third day running, as the benchmark KSE-100 Index shed 323 points.
The benchmark touched the day’s high at 48,544 points but failed to sustain the bullish rally. It went on to touch a low of 47,370 points by closing. It settled lower by 323.27 points at 48,157.63.
Meanwhile, volume on the all-share index amounted to 1.12 billion shares, up from 936 million on Wednesday. The value of shares traded during the session clocked in at Rs19.61 billion,
WorldCall Telecom was the volume leader with 243.18 million shares, followed by Silk Bank Ltd (188.57 million), and K-Electric Ltd (57.44 million).
Shares of 413 companies were traded during the day with 116 registering an increase, while those of 283 declined. Share prices of 14 companies remained unchanged.
Participants resorted to profit-booking as post-budget sentiment faded and upcoming events including the Financial Action Task Force (FATF) meeting on Pakistan came to the fore.
