KARACHI
\nPakistan Stock Exchange (PSX) edged lower in a range-bound session on Thursday, with the KSE-100 Index losing 132.45 points (-0.29 percent) to close the week at 46,232.59 points.
\nThe market opened on a positive note and hit the day\u2019s high within the first ten minutes\u2019 trading. Later, the market remained on a downward slide and despite entering the green territory multiple times, it remained in the red for most part of the session. The market remained range-bound and traded sideways for the fourth straight session amid a lack of positive triggers, as investors remained cautious due to rising global oil prices.
\nThe rupee extended gains against the US dollar in the interbank and open markets for the 18th consecutive session but the market remained somewhat unaffected, which indicated a lack of confidence among investors in the market.
\nThe benchmark index traded in a range of 292.10 points, showing an intraday high of 46,469.60 points and an intraday low of 46,177.50 points. Among other indices, the KSE All Share Index shed 91.29 points (-0.29 percent) to close at 31,158.70 points, while KMI All Share Islamic Index shed 94.30 points (-0.42 percent) to close at 22,636.45 points.
\nTotal volumes traded for the KSE-100 Index decreased by 11.41 million to 80.53 million shares against 91.94 million shares traded a session earlier. The overall market volumes increased by 0.12 million shares to 177.62 million shares against 177.50 million shares traded a session earlier.
\nAmong scrips, OGDC topped the volumes with 10.87 million shares, followed by WTL (9.63 million), and AGL (9.57 million). Stocks that contributed significantly to the volumes included OGDC, WTL, AGL, FFL, and PIAA, which formed over 24 percent of total volumes.
\nA total of 326 companies traded shares in the stock exchange against 322 a session earlier, out of which shares of 121 closed up, shares of 183 closed down while shares of 22 companies remained unchanged. A total of 94 companies traded shares in the KSE-100 Index against the same number of companies in the previous session, out of which share price of 30 companies closed up, 60 closed down and four remained unchanged.
\nThe number of total trades increased by 87 to 110,447 from 110,360 a session earlier, while the value traded remained unchanged at Rs6.93 billion as compared to the previous session.
\nIn terms of rupee, JDWS remained the top gainer with an increase of Rs24 (+6.86 percent) per share, closing at Rs374. The runner-up remained HINOON, the share price of which climbed up by Rs12.66 (+3.45 percent) to Rs379.91. NESTLE remained the top loser with a decrease of Rs42.79 (-0.6 percent) per share, closing at Rs7,100, followed by ISIL, the share price of which fell by Rs40.69 (-5.89 percent) to close at Rs650 per share.
\nThe sectors taking the index towards south were technology & communication (115 points), commercial banks (45 points), fertilizer (15 points), textile composite (10 points), and investment banks\/ investment companies\/ securities companies (7 points). The major companies depriving the index of points remained SYS (88 points), OGDC (25 points), TRG (24 points), MEBL (16 points), and FFC (9 points).
\nThe major sectors taking the index towards north remained power generation & distribution (17 points), oil & gas exploration companies (9 points), refinery and cement (8 points each), and pharmaceuticals (6 points). The major companies adding points to the index remained POL (39 points), HUBC (21 points), LUCK (12 points), HINOON (9 points), and ATRL (6 points).<\/p>\n","protected":false},"excerpt":{"rendered":"
KARACHI Pakistan Stock Exchange (PSX) edged lower in a range-bound session on Thursday, with the KSE-100 Index losing 132.45 points (-0.29 percent) to close the week at 46,232.59 points. The market opened on a positive note and hit the day\u2019s high within the first ten minutes\u2019 trading. Later, the market remained on a downward slide […]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[],"class_list":{"0":"post-358946","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-business"},"yoast_head":"\n