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PSX falls flat after range-bound session

MM News Staff by MM News Staff
August 31, 2021
Reading Time: 1 min read
The index finally settled higher by 54.04 points at 47,419.74.

The index finally settled higher by 54.04 points at 47,419.74.

KARACHI: Pakistan Stock Exchange (PSX) on Tuesday fell flat after a range-bound session, with the benchmark KSE-100 Index gaining only 54 points amid lackluster activity.

The benchmark KSE-100 Index started the day on a positive note, registering its intraday high at 47,596.04. However, it succumbed to selling pressure post afternoon, touching its day low at 47,349.49. The index finally settled higher by 54.04 points at 47,419.74.

Among other indices, the KMI-30 Index gained 206.39 points to end at 77,641.73, while the KSE All Share Index closed flat (+72.65 points) at 32,349.47. A total of 378,832,096 shares were traded during the day, whereas the price of shares stood at Rs14.023 billion against Rs12.331 billion the previous day.

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As many as 524 companies’ transacted shares in the stock market, 248 of them recorded gain and 244 sustained losses whereas the share price of 32 companies remained unchanged.

The three top trading companies were Telecard Limited with a volume of 41,617,500 shares and price per share of Rs18.80, Ghani Glo HOl with a volume of 32,742,500 and price per share of Rs40.05 and Bycp Petroleum with volume of 21,733,500 and price per share of Rs10.03.

Unilever Foods witnessed maximum increase of Rs849 per share, closing at Rs 18849. Rafhan Maize was runner up, share prices of which increased by Rs249, closing at Rs10499.

Philip Morris Pak recorded a maximum decrease of Rs 72.39 per share, closing at Rs912.51 followed by Blessed Tex, the prices of which declined by Rs32 per share, closing at Rs418.

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