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KARACHI: The Pakistan Stock Exchange (PSX) closed in the red today (Wednesday), with the indices failing to sustain early gains amid profit booking.
The benchmark KSE-100 Index endured a volatile session, recording its intraday high at 47,305.86 (+437.91 points) and low at 46,726.85 (-141.10 points). It settled lower by 99.81 points at 46,768.14.
Among other indices, the KMI-30 Index gained 192.07 points to close at 77,944.20, while the KSE All Share Index added 93.15 points, ending at 32,048.68.
The overall market volumes surged from 514.04 million shares on Tuesday to 699.05 million shares (+36pc). Average traded value also increased by 12pc, from $159.2 million to $179 million.
Sectors that dragged the benchmark index lower included banking (-176.01 points), power generation and distribution (-40.60 points) and oil and gas exploration (-37.75 points).
Losing 0.98pc from its total market capitalization, the banking sector ended as the session’s worst performer, with HBL (-5.58pc), MCB Bank Ltd (MCB -0.55pc) and SCBPL (-3.76pc) ending in the negative.
Equity markets around the world showed a mixed pattern, whereas crude oil prices continued with its northward journey; WTI crude price rising 0.80pc to $60.53 while Brent crude price increasing 0.99pc to $63.98 (as at 3:51pm PST).
