KARACHI
\nThe Pakistan Stock Exchange (PSX) remained in a consolidation mood for the fourth straight session on Tuesday, with the KSE-100 Index managing to retain the 45,000 points level after losing 33.28 points (-0.07 percent) to close at 45,009.33 points.
\nThe market opened on a positive note and remained in the green during the first half of the session. However, the investors preferred to cash in gains, bringing down the indices. The rupee\u2019s depreciation against the US dollar caused the benchmark index to lose around 200 points during the intraday trading. However, buying was witnessed in the last hour trading, which caused the KSE-100 Index to retain the 45,000 points threshold. The benchmark index has shed 505.61 points in the last four sessions.
\nThe benchmark index traded in a range of 391.82 points showing an intraday high of 45,240.21 points and an intraday low of 44,848.39 points. Among other indices, the KSE All Share Index gained 16.56 points (+0.05 percent) to close at 30,450.62 points, while KMI All Share Islamic Index gained 3.73 points (+0.02 percent) to close at 22,363.09 points.
\nTotal volumes traded for the KSE-100 Index decreased by 22.98 million shares to 125.42 million shares against 148.4 million shares traded a session earlier. The overall market volumes decreased by 59.66 million shares to 254.96 million shares against 314.62 million shares traded a session earlier.
\nAmong scrips, BOP topped the volumes with 29.93 million shares, followed by WTL (22.85 million) and WHALE (8.60 million). Stocks that contributed significantly to the volumes included BOP, WTL, WHALE, BIPL, and AVN, which formed over 30 percent of total volumes.
\nA total of 326 companies traded shares in the stock exchange against 339 a session earlier, out of which shares of 116 closed up, shares of 188 closed down while shares of 22 companies remained unchanged. A total of 95 companies traded shares in the KSE-100 Index against the same number of companies a session earlier, out of which share price of 28 companies closed up, 62 closed down and five remained unchanged. The number of total trades increased by 3,248 to 115,973 against 112,725 trades in the previous session, while the value traded increased by Rs0.56 billion to Rs7.32 billion.
\nIn terms of rupee, COLG remained the top gainer and witnessed an increase of Rs74.59 (+4.83 percent) per share, closing at R1,619.92. The runner-up remained SAPT, the share price of which climbed up by Rs74.48 (+7.09 percent) to Rs1,124.99. KPUS remained the top loser in terms of rupee and witnessed a decrease of Rs21.9 (-7.5 percent) per share, closing at Rs270.1, followed by PSEL, the share price of which fell by Rs20.01 (-2.6 percent) to close at Rs749.99 per share.
\nThe sectors taking the index towards south were fertilizer (28 points), oil & gas marketing companies (27 points), cement (21 points), automobile assembler (20 points), and miscellaneous (13 points). The major companies depriving the index of points remained PPL (24 points), BAHL (23 points), PSO (19 points), OGDC (14 points), and ENGRO (13 points).
\nThe sectors taking the index towards north were chemical (49 points), commercial banks (43 points), technology & communication (14 points), engineering (3 points), and automobile parts & accessories (2 points). The major companies adding points to the index remained COLG (51 points), POL (36 points), MCB (30 points), UBL (29 points), and MEBL (26 points).<\/p>\n","protected":false},"excerpt":{"rendered":"
KARACHI The Pakistan Stock Exchange (PSX) remained in a consolidation mood for the fourth straight session on Tuesday, with the KSE-100 Index managing to retain the 45,000 points level after losing 33.28 points (-0.07 percent) to close at 45,009.33 points. The market opened on a positive note and remained in the green during the first […]<\/p>\n","protected":false},"author":2,"featured_media":312795,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[205],"class_list":{"0":"post-344005","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-business","8":"tag-psx"},"yoast_head":"\n