KARACHI: Bears dominated Pakistan Stock Exchange (PSX) on the last trading day of November, with the benchmark index shed over 350 points on the MSCI rebalancing day.
Investor mood remained sombre ahead of Morgan Stanley Capital International’s (MSCI) reclassification tomorrow (December 1).
Accumulating 427.55 points, the benchmark index recorded an intra-day high of 45,757.60. However, in the second half of the session, the index failed to sustain the gains, dropping to day’s low of 44,727.96. At close, the benchmark KSE-100 index shed 257.67 points, or 0.57%, to close at 45,072.38.
Sectors contributing to the performance included commercial banks (-160 points), fertiliser (-78 points), investment banks (-18.3 points), fast-moving consumer goods (-16.2 points), and textile composite (-12.8 points).
Shares of 345 companies were traded during the session. At the close of trading, 125 scrips closed in the green, 198 in the red, and 22 remained unchanged.
Overall trading volumes surged to 411.5 million shares compared with Monday’s tally of 268.2 million. The value of shares traded during the day was Rs34.8 billion.
HBL was the volume leader with 31.5 million shares traded, losing Rs1.81 to close at Rs123.35. It was followed by First National Equities with 22.3 million shares traded, losing Rs0.23 to close at Rs10.76, and UBL with 20.8 million shares traded, losing Rs2.45 to close at Rs141.25.
