KARACHI: The benchmark KSE-100 index of the Pakistan Stock Exchange (PSX) on Thursday lost 84 points amid volatile trading sessions observed during the day.
The KSE-100 index closed at 46,110 points from the previous day’s closing of 46,194 pints.
Analysts at Topline Securities said that the volatile session was observed at the bourse today with the KSE 100 index making an intraday high of 46,292 and an intraday low of 45,728 to eventually settle the day, down -83.92 points, at 46,110 points.
They said TRG dragged the index lower by 101.51 points and closed the day at its lower lock as investors looked to offload the stock owing to the recent scandal regarding the company’s owner, Zia Chisti.
The commercial banking sector continued to see investor interest due to expectations of an interest rate hike in the MPS scheduled for tomorrow. Consequently, MEBL, MCB, UBL & HMB cumulatively added 74.12 points to the benchmark index.
On the volume front, the total traded volume and value in the KSE All Share index clocked in at 263.58 million shares and PKR 8.47 billion, respectively.
The volume leader for today was MERITR2 with 42.18 million shares traded followed by GGL with 29.06 million shares exchanging hands during the session.
