PSX fails to regain control, KSE 100 index loses 325 points

KARACHI: The Pakistan Stock Exchange (PSX) on Thursday failed to regain control and ended up in the red on the second consecutive day due to the economic uncertainty in the country.

The benchmark KSE 100 index recorded a decline of 325.02 points (-0.95 percent) and closed at 33,709.63 points. The indices eventually reached a peak of 34,034.65 points. The bourse failed to maintain momentum and slipped before trading was suspended.

The lower bench KSE 30 index also slipped by 162.13 points (-1.1 percent) and closed at 14,556.71 points. It was a miserable day for investors as the share prices of 214 companies were reduced, of 93 went up and of 27 remained unchanged. Worldcall Telecom Limited proved to be the best performer with a total of 19,404,000 shares being traded.

In terms of percentage increase in share prices, Premier Insurance Limited was the biggest gainer. It shares price increased by 25 percent (Rs1).

On the other hand, Pak Refinery was the worst-performing stock with its share price slashed by 26 percent (Rs 0.26).

The unstable nature of trading at the Pakistan Stock Exchange is because of the economic uncertainty in the country.