Karachi, September 28, 2023 – Pakistan stocks experienced a decline of 132 points during a subdued trading session on Thursday.
The benchmark KSE-100 index of the Pakistan Stock Exchange (PSX) closed at 46,233 points, down from the previous day’s closing figure of 46,365 points.
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Market analysts from Topline Securities noted that the trading session was marked by low volume and lackluster activity, with the index largely moving sideways. However, some selling pressure was observed in the final hours of trading as investors opted to reduce their holdings in anticipation of the long weekend.
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The KSE 100 Index finished the day at the 46,232 level, representing a decrease of -0.29 percent.
The top contributors to the index’s performance were HUBC, LUCK, HINOON, NATF, and COLG, collectively adding 53 points to the index. Conversely, POL, SYS, OGDC, TRG, and MEBL saw a decline in their values, collectively weighing down the index by -338 points.
READ MORE: Pakistan Stock Market Records Slight Decline of 27 Points in Lackluster Trading
Trading volume for the day amounted to 177 million shares, with a total value of Rs. 6.93 billion. OGDC led the day in terms of trading volume, with 10.9 million shares changing hands.
While the market witnessed a decline in this trading session, investors will be closely monitoring developments when trading resumes after the weekend, as market dynamics can often shift rapidly based on various economic and geopolitical factors.
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