KARACHI: The Pakistan Stock Exchange (PSX) today (Thursday) failed to carry forward its positive momentum and ended a volatile session on a negative note amid profit booking.
The benchmark KSE-100 Index started positively, touching its intraday high at 41,818.24 after gaining 282.32 points. However, it failed to sustain gains and slipped to its intraday low at 41,088.38 (447.54 points) later in the day. It finally ended lower by 336.90 points at 41,199.02.
Among other indices, the KMI-30 Index lost 794.61 points to close at 65,635.60, while the KSE All Share Index dropped 247.13 points, settling at 29,046.21.
The overall market volumes fell from 661.19 million shares in the previous session to 500.09 million shares (-25pc). Unity Foods Ltd (UNTY +2.86pc), Pakistan International Bulk Terminal Ltd (PIBTL -6.16pc) and Maple Leaf Cement Factory Ltd (MLCF +3.10pc) led the volume chart.
Sectors that dragged the benchmark index south included oil & gas exploration (-109.88 points), power generation & distribution (-85.13 points) and oil & gas marketing (-38.11 points).
Equity markets around the world displayed a mixed pattern, whereas crude oil prices moved north from the previous close; WTI crude price rising 0.75pc to $40.33 while Brent crude price increasing 0.77pc to $42.05.
