Karachi
The Pakistan Stock Exchange (PSX) failed to sustain its bullish momentum after the benchmark KSE-100 Index crossed the 46,000 marks after over 33 months and closed at 45,605.42 points after losing 48.92 points on Monday.
The benchmark KSE-100 Index started the day on a positive note, recording its intraday high at 46,109.36 after accumulating 455.02 points. The index, however, lost momentum thereon and fell to its intraday low at 45,529.48 (-124.86 points). It finally settled lower by 48.92 points at 45,605.42.
Among other indices, the KMI-30 Index lost 170.44 points to end at 73,819.69, while the KSE All Share Index dropped 50.29 points, closing at 31,839.24.
The overall market volumes declined from 696.4 million shares in the previous session to 588.0 million shares (-16 percent). Average traded value also dipped 18 percent, from $ 135.1 million to $110.6 million. Silk Bank Ltd (SILK +11.93 percent), Hum Network Ltd (HUMNL +15.5 percent) and Byco Petroleum Pakistan Ltd (BYCO -4.90 percent) led the volume chart, exchanging 69.92 million, 64.06 million and 61.52 million shares, respectively.
Sector-wise, the PSX index was let down by commercial banks with 44 points, textile composite with 21 points, technology & communication with 20 points, oil & gas exploration companies with 12 points and automobile assembler with 10 points.
The most points taken off the index was by UBL which stripped the index of 23 points followed by MEBL with 20 points, PPL with 15 points, TRG with 12 points and MCB with 11 points.
Sectors propping up the index were power generation & distribution with 42 points, pharmaceuticals with 38 points, chemical with 12 points, leather & tanneries with 8 points and investment banks/ investment companies/ securities companies with 6 points.
The most points added to the index was by SEARL which contributed 38 points followed by KAPCO with 26 points, COLG with 21 points, HUBC with 16 points and BAHL with 10 points.
Related: KSE-100 index advances 191.12 points
—TLTP
