KARACHI: The Pakistan Stock Exchange (PSX) landed in the red on Thursday for the fifth day running, as the benchmark KSE-100 Index shed 300 points.
The benchmark touched the day’s high at 45,939.39 points but failed to sustain the bullish rally. It went on to touch a low of 45,083.51 points by closing. The index slipped 0.66 percent to touch 45,296 points by the end of today’s session.
Sectors contributing to the performance included technology (-91 points), exploration and production (-52 points), banks (-39 points), fertiliser (-33 points) and refinery (-30 points).
Volumes declined from 583.7 million shares to 443.8 million shares (-24% day-on-day). The average traded value also declined by 29% to reach $73.3 million against $102.9 million a day earlier.
WorldCall Telecom was the volume leader with 89.1 million shares, losing Rs0.03 to close at Rs2.95. It was followed by Hum Network with 29.1 million shares, losing Rs0.25 to close at Rs6, and Telecard Limited with 23.4 million shares, losing Rs1.53 to close at Rs18.89.
During the session, shares of 514 listed companies were traded. At the end of the session, 143 stocks closed in the green, 349 in the red, and 22 remained unchanged.
Among these 514 companies, major gainers were Abbott Laboratories (+24 points), Engro Polymer and Chemicals (+13 points), Millat Tractors (+11 points), Hub Power Company (+10 points) and Habib Metropolitan Bank (+9 points).
Major losers were TRG Pakistan (-64 points), Pakistan Petroleum (-27 points), MCB (-27 points), System Limited (-27 points) and Oil and Gas Development Company (-26 points).
