KARACHI: The Pakistan Stock Exchange (PSX) on Thursday snapped its two day winning streak and closed the trading session on a negative note.
The benchmark KSE-100 index surged in early trading and reached its highest of 44,187.00 points. However, it soon plunged on a downward trend throughout the day until trading was suspended. The bourse eventually closed at 43,807.23 points after losing 168.46 points (0.38%). The total volume of shares were 46.620 million valued at Rs2.184 billion .
Of the 89 traded companies in the KSE100 Index, 26 closed up, 60 closed down, while three remained unchanged. Sector-wise, the index was let down by Oil & Gas Exploration Companies with 51 points, Cement with 22 points, Power Generation & Distribution with 21 points, Technology & Communication with 19 points and Textile Composite with 17 points.
The lower bench KSE-30 index declined by 193.09 points (-1.13%) and closed at 16.825.47 points. The total volume of shares was 25.715 million. The KMI 30 index closed at 70,836.89 points after losing by 457.37 points (-0.64%), while the All Share Index dropped 66.44 (-0.22%) and closed at 29,930.25 points. The total volume of share traded were 143.474 million at the stock market.
The highest number of shares traded belonged to Flying Cement (FLYNGR1 -88.89%) which traded 36.233 million shares. This was followed by WorldCall Telecom Ltd (WTL -4.85%), TPL Properties Ltd (TPLP 2.26%) followed by Unity Food Ltd (UNITY 1.16%). The number of scrips traded were 14.572 million, 7.618 million, and 4.936 million, respectively.
The stock marker skewed towards bearish region today amid lack of major triggers and trading activity. The Pakistani rupee (PKR) finally crossed the level of 180 against the greenback in the interbank session after losing 64 paisa, reaching a all-time low.
