Connect with us

Hi, what are you looking for?

Online Business Success

PSX begins week on negative note, loses over 200 points

426047 055308 updates

The stock board. — AFP/File
The stock board. — AFP/File 
  • Market closes at 41,348.19 points with a loss of 282.16 points.
  • Benckmark KSE-100 witnesses under-pressure session due to concerns over mounting inflation.
  • Shares of 303 companies were traded during session.

KARACHI: The Pakistan Stock Exchange (PSX) started the week on a negative note as the bulls staged a comeback and the market closed with a loss of 200 points on Monday. 

The market opened in the green but soon witnessed profit-taking. 

At close, the benchmark KSE-100 index closed at 41,348.19 points with a loss of 282.16 points or 0.68%.

Benchmark KSE-100 index intra-day trading curve. — PSX data portal
Benchmark KSE-100 index intra-day trading curve. — PSX data portal

A report from Arif Habib Limited noted that the benchmark KSE-100 index witnessed an under-pressure session due to concerns over mounting inflation and an expected rate hike in the upcoming monetary policy.

The volumes remained dry on the main board although decent volumes were witnessed in the third-tier stocks.

The sectors contributing to the performance include fertiliser (-72.6 points), cement (-60.8 points), exploration and production(-33.2 points), automobile assembler (-18.9 points) and pharmaceuticals (-12.9 points).

Shares of 303 companies were traded during the session. At the close of trading, 88 scrips closed in the green, 197 in the red, and 18 remained unchanged.

Overall trading volumes dropped to 86.6 million shares compared with Friday’s tally of 154.03 million. The value of shares traded during the day was Rs3.04 billion.

Sui Northern Gas Pipelines Limited was the volume leader with 12.47 million shares traded, gaining Rs0.93 to close at Rs36.40. It was followed by Agritech Limited with 8.03 million shares traded, gaining Rs0.20 to close at Rs6.74 and Pakistan Refinery Limited with 4.83 million shares traded, losing Rs0.56 to close at Rs16.91. 

Advertisement. Scroll to continue reading.

Source link

Click to comment

Leave a Reply



On Wednesday, the commissioners court of Zavala County—the 11,000-person county immediately south of Uvalde—passed a resolution urging Republican Governor Greg Abbott to call a...


South Florida burger missionary Jeffrey Lemmerman, better known by his Instagram handle, Cheffrey Eats, claims not to know that this is National Sandwich Month:...


Former President Donald Trump called late Thursday for the “immediate” release of the federal warrant the FBI used to search his Florida estate, hours...


To celebrate 25 years since they dropped their Bullets name, the Washington Wizards will wear white, blue and bronze uniforms like the ones they...


Kerrigan Gruhn had 15 kills and eight aces for Gainesville in a win against Flowery Branch (25-17, 25-14) and loss to Dawson County (25-22,...

Online Business Success

A representational image of gold jewellery. — Reuter/File Gold price today settles at Rs141,700 per tola. Cumulatively, price has dropped by Rs17,900 per tola...


You May Also Like


Introductions get a lot of attention. I’ve explored the topic of how to write them even though as a reader, I always skip them....

Online Business Success

The internet is now our nervous system. We are constantly streaming and buying and watching and liking, our brains locked into the global information...

SEO Guide

There are all kinds of pictures of the world on the internet, but to find one of these specific pictures that you want to...

Online Business Success

You can think of link building in many ways. I like to call it tedious, painful, and a test of patience. It’s also necessary...