KARACHI: The Pakistan Stock Exchange (PSX) held a volatile session today (Thursday) and ended the trading session on a negative note. Indices swayed both ways in search of a clear direction.
Gaining 389.38 pts the KSE 100 index touched an intraday high of 40,533.67 points. It then lost control and fell to an intraday low of 40,006.46 losing 137.83 points. The index settled lower by 75.80 points at 40,068.49.
Among other indices, the KMI 30 index declined by 160.78 points ending at 63,767.86. While the KSE All Share index fell short by 16.64 points closing at 28,457.25.
Overall market volumes increased from 232.79 million shares to 324.75 million shares. Hascol Petroleum Limited (HASCOL -1.59%), Pakistan International Bulk Terminal Limited (PIBTL +2.45%) and Unity Foods Limited (UNTIY -1.76%) led the volume chart.
Sectors dragging the KSE 100 index lower included Cement sector (27.40 points), Banking sector (25.34 points) and Oil and Gas Marketing sectors (14.42 points).
Global equity markets also majorly showed negative trend. Crude oil prices continued to slip lower with WTI crude oil price declining by 2.24% to $40.13 while Brent crude oil price fell by 2.10% to $42.44.
