KARACHI: The Pakistan Stock Exchange (PSX) on Wednesday regained control, a day after volatile trading brought the bourse below the 48,000 points level.
The benchmark KSE 100 index declined by 86.44 points (-0.18%) and closed at 47,900.70. The bourse dipped in early trading session and reached the lowest point of 47,873.14 points. It eventually regained the 48,000 points level but could not retain control and ended on a lower trajectory before trading was suspended. The total volume of shares was 237.206 million valued at Rs10.69 billion.
The lower-bench KSE 30 index dropped by 66.68 points (-0.34%) and closed at 19,259.38. The total volume of shares was 55.787 million. The KMI 30 index also declined by 203.69 points (-0.26%) and closed at 78,35.66 points, while the All-Share Index increased 6.48 points (0.02%) and closed at 32,707.55 points.
The most active stock was Silkbank Ltd (SILK -7.67) which saw 52.282 million at the stock market. This was followed by World Call Ltd (WTL 0.00%), TPL Corp Ltd (TPL 7.49%) and Byco Petroleum (BYCO 1.36%). The total volume of shares was 41.582 million, 33.932 million, and 33.655 million respectively.
A day earlier, the stock market had a volatile trading session and fell below 48,000 points as investor sentiment weakened amid a lack of positive triggers.
There were concerns over the Financial Action Task Force (FATF) repor scheduled to be released on June 25 which kept market participants away. Cement, fertilizer and pharmaceutical sectors bore the brunt of the subdued investor sentiments.
At close, the benchmark KSE-100 index recorded a decrease of 25.38 points, or 0.05%, to settle at 47,987.14. The lack of direction and reaction to price triggers particularly increase in crude oil prices kept activity subdued in the market.
