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Home Uncategorized

PSX remains flat after mixed session

MM News Staff by MM News Staff
July 5, 2023
Reading Time: 1 min read

KARACHI: The benchmark KSE-100 Index finished up flat on Wednesday at the Pakistan Stock Exchange (PSX), which had seen a positive trend in the first hours of trade before profit-taking reversed gains.

The volume and value of shares traded also declined from the last close.

Buying was seen in the index-heavy vehicle assemblers, cement, chemicals, commercial banks, fertilisers, oil and gas exploration businesses and OMCs throughout the first half of the trading day.

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The index was raised above the 44,000 mark as a result.

The benchmark index, however, ended the trading session at 43,552.84, down 4.18 points or 0.01% as a result of profit-taking in the closing stages of the session that erased the gains.

Sectors pulling the benchmark index lower included fertilizer (57.06 points), oil and gas exploration (54.63 points) and automobile assembler (21.60 points).

Volume on the all-share index lowered to 351.2 million from 419.3 million on Tuesday, while the value of shares traded declined to Rs12 billion from Rs15.8 billion recorded in the previous session.

Pak Refinery was the volume leader with 27.3 million shares followed by Cnergyico PK with 20.8 million shares and WorldCall Telecom with 16.7 million shares.

Shares of 332 companies were traded on Wednesday, of which 146 registered an increase, 162 recorded a fall and 24 remained unchanged.

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