KSE-100 index Tuesday ended in negative territory due to delay in inflow from International Monetary Fund (IMF) disappointed investors.
The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) ended 39,805 points from last day’s closing of 39,836 points, showing a decline of 31 points.
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Analysts at Arif Habib Limited said that today, a mixed session was taped at the stock market.
The benchmark KSE-100 index opened in the green but struggled to hold its position as the bourse traded in both directions and eventually concluded in the negative territory.
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Volumes remained flat across the board as a result of investors’ lack of engagement, primarily a consequence of the delayed IMF talks for the 9th tranche of the Extended Fund Facility.
Sectors contributing to the performance include Commercial Banks (-24.2 points), Fertilizer (-16.3 points), Power Generation & Distribution (-9.0 points), Pharmaceuticals (-8.5 points), and OMCs (-3.9 points).
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Volumes decreased from 105.9 million shares to 59.7 million shares (-43.7 per cent DoD). The average traded value also decreased by -25.7 per cent to USD 4.8 million as against USD 6.4 million.
Stocks that contributed significantly to the volumes are KEL, WTL, MLCF, ILP and PPL.
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