KARACHI: The Pakistan Stock Exchange (PSX) concluded another session in red amid a lack of positive triggers and lack of trading activity.
The market witnessed a bullish rally in the early hours but lost track in late hours on the back of persistent political turbulence prevailing in the country.
The benchmark KSE100 index ended the trading session with a 26.43 points or 0.06 percent decline to close at 43,203.79 points. The bourse traded in a range of 236.41 points or 0.55 percent of previous close, showing an intraday high of 43,400.61 and a low of 43,164.20.
Of the 88 traded companies in the KSE100 Index, 39 closed up 46 closed down, while three remained unchanged. Total volume traded for the index was 53.94 million shares.
Sector-wise, the index was let down by Commercial Banks with 36 points, Oil & Gas Exploration Companies with 25 points, Cement with 19 points, Automobile Parts & Accessories with 12 points and Investment/Securities with 10 points.
Sectors propping up the index were Fertilizer with 27 points, Power Generation & Distribution with 24 points, Technology & Communication with 15 points, Chemical with 13 points and Automobile Assembler with 9 points.
The All-Share Volume increased by 13.33 Million to 138.28 million shares. Market cap decreased by Rs.9.45 billion. Total companies traded were 320 compared to 317 from the previous session. Of the scrips traded 155 closed up, 143 closed down while 22 remained unchanged.
Total trades increased by 4,442 to 64,458. Value Traded increased by 1.07 billion to Rs.5.01 billion. Brent crude is currently trading at 115.2$/barrel which weighed down on investors’ confidenc. The rupee also depreciated against the greenback by 0.26% and closed at Rs181.73 in the interbank market.
