The Pakistan Inventory Change (PSX) on Wednesday closed on a flattish notice after experiencing some intra-day instability, with the benchmark KSE-one hundred Index gaining solely fifty seven factors to shut at forty one,544.
The market had proven constructive exercise within the first jiffy of the session, spiking to a day’s excessive of forty one,820 factors, earlier than adopting a downward momentum. It hit a day’s low of forty one,289 factors near the mid-level of the session. The benchmark, nevertheless, recovered from within the second half of the session and managed to shut within the inexperienced.
Volumes barely dropped, with 233.6 million shares value Rs9.three billion altering arms in the course of the session. A complete of 370 corporations’ shares have been traded, out of which one hundred sixty superior, one hundred ninety declined, and 20 remained unchanged.
A JS International report held “considerations over ongoing [tensions in] US-Pakistan relations” answerable for the volatility out there.
The quantity chief in in the present day’s session was Okay-Electrical (+four.0pc) with 47mn share exchanging palms on the again of rumors that a deal between the utility and Shanghai Electrical is all set to finalise in coming days.
The facility era and distribution sector dominated buying and selling with 50.4m shares traded, whereas the communication and cement sectors adopted with 25.3m and 25.0m shares traded respectively.
Volumes have been led by:
Okay-Electrical Ltd: forty seven.4m shares traded [+4.01pc];
B.O.Punjab: thirteen.4m shares traded [+3.49pc];
TRG Pak Ltd: eleven.3m shares traded [-2.42];
WorldCall Telecom: 10.6m shares traded [+2.15pc];
Fauji Cement: 9.4m shares traded [-0.08pc].
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