PSX ends flat amid 46,000 mark-fuelled profit-taking

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The Pakistan Stock Exchange (PSX) closed almost flat in a volatile session amid profit-taking activity on Tuesday, with the benchmark KSE-100 Index shedding 6.5 points (-0.01 percent) to close at 45,881.13 points.

The market opened on a positive note and crossed the psychological level of 46,000 points mark during the first 10 minutes of the session, mainly due to payment of around Rs100 billion by the government to the independent power producers (IPPs). However, soon after the benchmark index hit the 46,000 mark, the market turned to profit-taking activity, which continued till the end of the session and the market switched between the green and red territories.

The KSE-100 Index moved in a range of 533.01 points, showing an intraday low of 46,057.24 points and a high of 45,524.23 points. Among other indices, the KSE All Share Index shed 15.36 points (-0.05 percent) to close at 31,344.21 points, while KMI All Share Islamic Index shed 84.85 points (-0.38 percent) to close at 22,454.84 points.

A total of 368 companies traded shares in the stock exchange, out of them shares of 185 closed up, shares of 162 closed down while shares of 21 companies remained unchanged. Out of 96 traded companies in the KSE-100 Index, 47 closed up, 46 closed down and three remained unchanged.

The overall market volumes decreased by 17.87 million to 339.10 million shares. TLTP

 

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