KARACHI: The Pakistan Stock Exchange (PSX) on Thursday registered 0.21 percent decline as investors remained cautious ahead of FATF’s verdict on Pakistan on Friday.
By the end of the session, the KSE-100 Index fell 89.01 points or 0.21% to close at 42,137.04.
In the first hour of trading, the KSE-100 Index rose to an intraday high value. At this point, the market was under heavy selling pressure, which reversed all gains. The market ended with a loss as the downward trend persisted in the closing hours.
Automobile, cement, chemical, banking, and oil are index-heavy industries that closed in the red.
Sectors dragging the benchmark KSE-100 Index lower included technology and communication (58.56 points), cement (26.52 points) and banking (24.86 points).
Volume on the all-share index rose to 267.6 million from 250.3 million on Wednesday. Similarly, the value of shares traded fell to Rs6.3 billion from Rs6.7 billion recorded in the previous session.
Hascol was the volume leader with 31.4 million shares, followed by K-Electric with 22.8 million shares and G3 Technologies with 21.1 million shares
Shares of 340 companies were traded on Thursday, of which 159 registered an increase, 154 recorded a fall, and 27 remained unchanged.
