Karachi, July 17, 2023 – The Pakistan stock market experienced a decline of 25 points on Monday, characterized by range-bound trading activity throughout the day. The benchmark KSE-100 index of the Pakistan Stock Exchange (PSX) closed at 45,043 points, down from last Friday’s closing of 45,068 points.
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Analysts at Topline Securities reported that the market witnessed another session of range-bound trading, with the benchmark index fluctuating within a range of 215 points before closing the day at 45,043 points, representing a decrease of 25 points or 0.06%.
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During the trading hours, the Tech, Bank, Food & E&P sectors made positive contributions to the index, adding a total of 36 points. However, the RMPL, MEHT, SYS, and INDU sectors collectively lost 10 points.
Today, approximately 315 million shares were traded on the stock exchange, with a total value of Rs6.7 billion. The Bank of Punjab (BOP) emerged as the most actively traded stock, with over 49 million shares changing hands.
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The range-bound activity observed in the market reflects cautious investor sentiment as they assess various factors impacting stock prices. It is worth noting that stock market performance is influenced by a range of factors, including economic conditions, corporate earnings, and investor sentiment.
Investors are advised to closely monitor market trends and seek guidance from financial experts before making investment decisions.
