KARACHI: The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) declined by 328 points on Thursday on fears of lockdown as Omicron cases emerged in the country.
The KSE-100 index ended at 43,519 points from previous day’s closing of 43,847 points.
Analysts at Topline Securities said that Pakistan equities started the day on a positive note initially but succumbed to selling pressure after made an intra-day high at 43,997 level in the early trading hours.
Investors’ sentiment dampened on the news regarding Omicron cases emerged in the country, paving the way for another possible cycle of smart lockdowns in the effective areas.
At one time, KSE 100 index made an intra-day low at 43,274 level before closing at 43,519 level.
Cements, Banks & Technology sector witnessed profit taking today where LUCK, HBL, MEBL, DGKC, CHCC & AVN cumulatively lost 158 points while OGDC & PPL added 74 points collectively as investors are expecting a onetime heavy dividend in them.
Total volume and value stood at 200 million shares and Rs. 8.75 billion, respectively. TRG was at top on the volume chart with 25.7 million shares traded in it, today.
