The Pakistan Inventory Trade (PSX) completed Wednesday’s buying and selling session on a unfavorable word, with the benchmark KSE-one hundred Index dropping 148 factors, or zero.30 per cent, by the shut of the buying and selling session to succeed in forty eight,909.10.
ninety three.6 million shares modified arms within the session, with a complete value of almost Rs9.03 billion.
Volumes have been led by business banks and textile composite firm scrips because the benchmark index slowly descended into adverse territory after making a quick 384 level bounce early within the day.
“Shares closed decrease amid consolidation within the submit earnings season,” stated analyst Ahsan Mehanti. “Mid-session rally after SECP approvals over assessment of financing by dealer companies invited investor curiosity in second and third tier shares,” he stated.
“Overseas outflows, uncertainty in international shares and considerations for rising round debt performed a catalyst position within the bearish shut,” he added.
Shares of 380 corporations have been traded, of which one hundred sixty gained in worth, 196 declined and 24 remained unchanged.
Volumes have been led by:
Azgard 9: 27.9m shares traded [-4.16pc];
Financial institution of Punjab: 23.4m shares traded [-3.89pc];
Energy Cement Ltd: sixteen.5m shares traded [+3.52pc];
Sui North Fuel: 14.7m shares traded [-3.43pc]; and,
Pak Refinery: 12.1m shares traded [+2.21pc].
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