The Pakistan Inventory Trade (PSX) on Monday commenced the week on a damaging word, with the benchmark KSE-one hundred Index plunging 586 factors, down 1.37 per cent, to shut at forty two,347.
The benchmark opened decrease, with the market opening degree of forty two,934 remaining the day’s excessive. The market hit a day’s low of forty two,270 factors close to the top of the buying and selling session.
In all, one hundred thirty.5 million shares value Rs5.eight billion modified palms, as in comparison with 238.7mn shares value Rs10.3bn traded on the final buying and selling session.
Of the 344 scrips traded, one hundred and one superior, 231 declined and 12 remained unchanged.
In response to a TopLine report, buyers have been “clearly spooked by upcoming road protests” by opposition events from January 17, and opted to stay on the sidelines.
Regardless of West Texas Intermediate (WTI) crude oil buying and selling properly above $sixty four per barrel, little help was seen from exploration and manufacturing corporations aside from the Oil and Fuel Improvement Firm, it added.
Among the many prime 10 index level decliners have been HBL (‐2.2pc), UBL (‐2.7pc), FFC (‐2.7pc), POL (‐three.5pc), PPL (‐1.3pc), PSO (‐three.5pc), MCB (‐1.7pc), ISL (‐four.5pc), TRG (‐5pc) & INIL (‐5pc).
The textile sector dominated buying and selling with 21.4m shares traded, whereas the communication and engineering sectors adopted with 12.7m and eleven.8m shares traded.
Volumes have been led by:
Azgard 9: 19.0m shares traded [+2.34pc];
TRG Pak Ltd: eight.5m shares traded [-4.99pc];
P.I.A.C.(A): 6.3m shares traded [+22.99pc];
Pak Elektron: 5.4m shares traded [-3.53pc];
Aisha Metal Mill: 5.0m shares traded [-5.00pc].
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