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KARACHI: As the KSE-100 Index fell 0.15% during a tumultuous trading day, pessimism continued to grip the Pakistan Stock Exchange (PSX) on Thursday.
Lack of development over resumption of the International Monetary Fund (IMF) program kept investors on the sidelines.
The KSE-100 index closed the trading session at 41,266.77, a decrease of 63.79 points or 0.15%.
The KSE-100 Index dropped significantly in the early hours after opening higher. For the remainder of the session, it became range-bound and finished lower.
Cement, banking, fertiliser and chemical sectors ended the day in the red while automobile segment saw buying activity and closed with gains. On the other hand, oil sector closed on a mixed note.
Sectors pushing the benchmark KSE-100 index towards the negative zone included banking sector (56.29 points), food and personal care products (26.62 points) and textile composite (10.00 points).
Volume on the all-share index fell to 99.95 million from 158.1 million on Wednesday, while the value of shares traded plunged to Rs2.9 billion from Rs6.2 billion recorded in the previous session.
Globe Residency was the volume leader with 10.8 million shares followed by WorldCall Telecom with 9.8 million shares and Cnergyico PK with 5.3 million shares.
Shares of 303 companies were traded on Thursday, of which 134 registered an increase, 134 recorded a fall and 35 remained unchanged.
