MM News

KARACHI: Investors of the Pakistan Stock Exchange (PSX) witnessed another tug of war between bulls and bears on Thursday, with the indices swaying both ways in search of a direction before closing in the red.

The benchmark KSE-100 Index endured a volatile session, registering its intraday high at 47,759.50 and low at 47,262.11. It settled lower by 272.63 points at 47,363.27.

Among other indices, the KMI-30 Index lost 571.97 points to end at 76,826.90, while the KSE All Share Index dropped 205.82 points, closing at 32,364.42.

Sectors painting the benchmark index in the red included cement (149.48 points), oil and gas marketing (33.22 points) and fertiliser (18.43 points).

Volume on the all-share index fell from 384.62 million on Wednesday to 360.81 million on Thursday. However, the value of shares traded during the session increased marginally to Rs11.74 billion, from Rs11.51 billion on Wednesday.

Hascol Petroleum remained the volume leader with 28.76 million shares, followed by Ghani Global Holding with 25.10 million shares, and Kohinoor Spining at 21.68 million shares.

Shares of 483 companies were traded on Thursday, of which 118 registered an increase, 350 recorded a fall, while 15 remained unchanged.