Stocks fall flat amid lacklustre trade

the index closed flat (-82.96 points) at 47,346.16.

KARACHI: The Pakistan Stock Exchange (PSX) moved in a narrow range today (Tuesday), with the benchmark KSE-100 Index retreating all gains accumulated in early trade and closing the session flat.

The KSE-100 index recorded its intraday high at 47,665.41 during early trade. However, failing to hold its ground, the index closed flat (-82.96 points) at 47,346.16.

Among other indices, the KMI-30 Index lost 278.58 points to end at 76,641.46, whereas the KSE All Share Index lost 89.31 points, settling at 32,466.41. Of the total traded shares, 121 advanced and 245 declined while 16 remain unchanged.

Volume on the all-share index increased from 494.53 million shares on Monday to 541.30 million on Tuesday. The value of shares traded during the session amounted to Rs17.61 billion.

Sectors dragging the benchmark index were power generation and distribution (36.45 points), technology & communication (26.28 points), and refinery (22.72 points).

Hascol Petroleum was the volume leader with 49.86 million shares followed by WorldCall Telecom with 48.87 million shares, and Byco Petroleum at 29.91 million shares.