The Pakistan Inventory Change (PSX) landed within the purple on Thursday after every week-lengthy bull run, with the benchmark KSE-one hundred index dropping 247 factors to shut at forty four,817.
The market had opened greater to hit the day’s excessive of forty four,179 however couldn’t maintain momentum, subsequently shedding factors for a lot of the session and hitting a low of forty four,730 in the direction of shut.
In all, 245.7 million shares value Rs9.ninety four billion have been traded within the session. Of the entire of 360 traded scrips, 154 superior, 182 declined and 24 remained.
“The market opened on a constructive word however did not make a comply with-via in the course of the day as buyers opted to guide income in particular sectors similar to oil and cement,” a notice by Elixir Securities learn.
The engineering sector dominated buying and selling with 32.0m shares traded; business banking adopted with 28.3m shares traded.
Dost Steels Ltd: 24.8m shares traded [+5.45pc];
B.O.Punjab: 17.5m shares traded [+2.82pc];
Okay-Electrical Ltd: thirteen.9m shares traded [+3.20pc];
Azgard 9: 12.5m shares [+0.07pc];
Fauji Meals Ltd: 9.8m shares traded [-3.73pc].
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