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PSX loses momentum as KSE 100-index sheds 106 points

It finally settled lower (-106.62 points) at 47,270.76.

KARACHI: The Pakistan Stock Exchange (PSX) failed to carry forward the positive momentum from the previous session, with the KSE-100 Index ending in the red amid volatility.

The benchmark KSE-100 witnessed a volatile session today (Thursday), recording its intraday low at 47,555.99 and intraday high at 47,175.00. It finally settled lower (-106.62 points) at 47,270.76.

Among other indices, the KMI-30 Index dropped 251.30 points to close at 76,385.68, while the KSE All Share Index lost only 96.95 points, settling at 32,305.24. Shares of 458 companies were traded, of which 106 registered an increase, 329 recorded a fall, while 23 remained unchanged.

Sectors dragging the benchmark KSE 100 index lower included oil and gas marketing (21.86 points), power generation and distribution (18.36 points), and pharmaceutical (16.55 points).

Volume on the all-share index declined significantly from 382.64 million on Wednesday to 230.17 million on Thursday. The value of shares traded during the session also shrunk to Rs11.54 billion, from Rs15.71 billion on Wednesday.

TRG Pak Limited remained the volume leader with 19.22 million shares, followed by Ghani Global Holdings with 15.07 million shares, and WorldCall Telecom at 11.81 million shares.